Is The US On The Verge Of Bankruptcy?
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Officially the US is not bankrupt already, but there is an ongoing debate whether we are about to witness this event in the near future. Many say that America is on the verge of insolvency while others cannot see this happening at least in the next few years. However, there are many signs that point towards that direction.
Without a thorough analyses of what bankruptcy actually means no one can say whether the US is facing it or not. Many people think that only a person or a company can go into insolvency meaning that it cannot pay back what he or it owes to the creditors. In fact, this is the opinion of some financial analysts too who say that it is unfair to compare a person with a country which has many resources to recover from bad decisions. Unfortunately there are plenty of examples to contradict them which do not include only countries like Zimbabwe but also powerful states that had to suffer after the Second World War. Nowadays there are many countries that struggle to stay solvent at a worldwide level.
One of the most important things that led everybody to believe that the US is on the verge of bankruptcy is the downgrade from AAA to AA+. Since Standard & Poor’s is a very serious rating agency many took for good their downgrade. However some international forums and politicians all over the world expressed their disagreement with this downgrade and said that Standard & Poor’s opinion in this matter is overrated. But the disagreement came too late since the downgrade led to many speculations about the possible bankruptcy.
Still, there are many other countries which face bankruptcy before the US and which have very few solutions to deal with their incapacity to pay the debts. A simple comparison between Greece and the US reveals the fact that the two can approach very differently the debts. It is true that the US has a huge sum of money to pay back, but its potential exceeds by far that of Greece which has as a main resource only the tourism industry.
A second criterion that distinguishes the two countries is that of the central gold deposits. The 2010 statistics revealed that the US federal gold deposit is on the second place in the world after the Eurozone’s, with 8,133.5 tones of gold, while Greece is on the 32’nd position with only 111.7 tones. Why are the national reserves so important? Simply because they are a guarantee for the loans and establish just how much can a country be credited with. All these make the US a strong name in the financial world turning it into an example to other countries such as China which decided to buy gold to gain more power. In the end, with a little bit of help from the wise people from the American administration, the US can fully recover leaving the bankruptcy speculations behind.
With the most common way to buy gold, that is by investing in small bars or coins, you can rest assured that your money is safe.
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Soros Investing in Gold
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Knowing what direction to go and the way to get things done is always really important. Knowing the details of the best way to do it is also important. Nevertheless, that’s only part of the picture; it’s necessary, although not sufficient. You also have to really know what to avoid, what mistakes to avoid. The best way to accomplish that is to discover what mistakes others are making so that you can avoid making those very same mistakes.
For investing in gold like George Soros, that also applies. There are a number of people who succeed there. You’ll want to be one of these as opposed to someone who makes mistakes and fails. Here then will be the three most important errors that individuals make after they start off with investing in gold like George Soros.
Number 1. Do not misinterpret what George Soros says about gold. The reason that this is very important is that most investors misconstrue his words. To avert this problem you want to break down his actual statements. For example, he said “Gold is the only actual bull market currently. It just made a new high yesterday. In the present circumstances that may continue, I called gold the ultimate bubble, which means it may go higher. But it’s certainly not safe and it’s not going to last forever.”
Some interpreted that to mean that gold was a bubble about to burst but that is not what he said.
Second, analyze Soros’ gold stock holdings and not his words. Soros currently holds $897,558,000 or 18% of his total $5,085,000,000 under management in gold. The gold ETF (GLD) is 71% of his gold exposure ($633 million) and his largest gold stock position is Novagold at $90 million.. This is usually a very important factor in that people vote with their wallets. If Soros was sounding the alarm bells about gold, why would his funds allocate 18% of their holdings to gold? What you ought to do then is only focus on his filings with the SEC. Forget about what the media claims.
And finally, understand that big investors like George Soros might try to talk down the market in order to buy more gold. If you wanted to buy gold at lower prices and you were the most famous investor on the planet you would not tell everyone that you expect the price to triple, would you? This trouble is experienced in instances where people don’t understand that investing is a game of poker and sometimes investors are bluffing about their positions. The best way to stay away from this is to focus on the SEC filings instead of the media reports.
Study these ideas about investor mistakes about George Soros and gold stocks and carefully avoid them. As an alternative, you may do as instructed above for doing it properly. Much better results will then be your reward!
Here are some technical trading ideas from technical analysts like George Soros
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How to Compute The Value Of Scrap Gold Per Gram
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Do you have scrap gold at home? Are you snooping to market your scrap gold for the best price? Gold fillings, broken gold jewelry, dental gold, or gold extorted from an electronic appliance or gadget are some of the common examples of scrap gold or junk gold. If you are ardent, you can make money from junk gold. The first step is to calculate the scrap gold in grams. This way you will have a clearer picture of how much you will be able to sell your items for.
Find out the scrap gold prices per gram by computing it using the present value of gold. The present value of is available from local papers and spreadsheets or any websites that tracks the international market of gold on a regular basis. Remember that the worth of gold changes repeatedly. The conventional measurement of gold is troy ounces or 31 grams.
As soon as you have determined the value of your scrap gold pieces per gram, divide the price amount by 31.1035 grams. Then, round off the cost to the nearest cent. For example. if the current value of gold is $1500 per troy oz, the value per gram is equals to 1000. just divide it by 31.1035, or $48.2260. Round off to the nearest cent and you’ll get $48.23.
Find a gram scale to get the actual weigh of the scrap gold. But if you have a pile of scrap gold to weigh, it will be finest to benefit from a scale that measure weight by ounces. As soon as you get the weight by ounces, just convert the figures to grams. Keep in mind that 1 ounce is equals to 28 grams of gold.
If you have a collection of scrap gold pieces, sort it out and weight them accordingly. Separate each scrap gold by grades. In the main, gold is defined by their karat grade. For example, a gold item is equivalent to 10k, 14k, or 18k. 24k is pure gold, don’t assume to see a gold piece jewelry as 24 karats, as pure gold tends to be very flexible. As a result, most gold jewelries are mixed with other types of metals and alloys to make it hard-wearing. You can detect the karat grade imprinted on the gold items. You may also use a magnifying glass if necessary. Check if there are gold plated pieces in your assembly. Do not include them.
Use the following guide to compute for the gold price. For 10 karat gold, multiply the current price of gold per gram by .4167. Multiply the price by .5833 for a scrap gold that is 14 karats. For 18 karat gold, multiply the current price of gold per gram by .75 and finally for 24 karats, simply use the price of gold per gram.
Do not fret, there are online calculators that you can use if computing it manually is too difficultr. Basically, provide them with the actual weigh of the gold and the karat grade if available. The online calculator can help calculate the gold price per gram for you. Once you get the value of your scrap gold per gram, you can now sell your pieces to an online scrap trader or a coin dealer. The former on the other hand, can give you a lower price for your pieces. So if you can find a coin dealer who wishes to get your items, you can sell your items to them and they can offer you a better price as compared to a junk gold trader.
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Get Cash For Your Gold At Los Angeles Beverly Hills
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With today’s financial scheme news update any working class city occupant or anybody that’s troubled with their monetary situation is concern where their wealth is going. With the unemployment rate climbing the ladder and others still losing their jobs, a lot of people are finding other resources to make more money. Like any other state, many people head to Cash for gold jewelry in Los Angeles Beverly Hills for this idea. This company exchange money for gold items that you may own at home.
There are more than a few reasons why to deliberate cash for gold. It could be that you have a damaged or broken jewelry, or the other piece is missing. Since you won’t be able to use this anymore, your best choice is to put up for sale it. If your jewelry is out of elegance this is also one good basis to put it up for sale. Trading your gold jewelry is one way of recycling. When you sell your gold, you help decrease the amount of harm mining can do. Additional to that, you will be astounded how much money you can get when you sold discarded gold jewelry or dental work in a difficult financial state.
But before you head and look for Cash for gold jewelry in Los Angeles Beverly Hills, you also need to make sure the requirements first. You can have the gold verify for the karat or the amount of gold in an item where the highest quality is 24kt. The karat will determine the value equivalent to your jewelry. However, if you go through a gold seller online you won’t need to be troubled with this subject.
To get more information on Cash for gold jewelry in Los Angeles Beverly Hills, you can read some specifics and reviews from the website of the company itself or other forum sites. This will help you authenticate the company’s integrity and the customer’s experience. You can also check with Better Business Bureau for any customer’s complaints or reports to establish if it’s safe to deal with.
Selling gold for cash may not be a long-term answer for your financial crisis. In the end you will positively run dry for gold items to sell. But you can’t deny the reality that there are also many factors why selling your gold can be practical.
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How To Make Money Out Of Old Junk Gold Pieces
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The present worth of gold is at $60.3662 per gram. Gold indeed is very precious and its worth is still on the rise. Because gold has been around for so many years, several have seen and harvest the benefits of investing in this type of metal. Although, gold is a fantastic investment vehicle, not everyone is capable of investing in this metal. There are still people who are toiling day and night just to bring food on the table. As partial as it may sound, fine gold is not an investment for all. Providentially, for those fascinated persons, there is a type of gold that they can start with and it is known as gold scrap or junk gold.
Gold scraps are very in demand these days. They may not be as posh as the newly designed gold jewels or as treasured as gold bars or gold ingots but still they are gold. Included in this group are dented jewelries, old gold dental fillings or everything made of gold but are no longer acceptable by pawns and local gold dealers.
To make gold scrap as a worthwhile and profitable patronage, the first thing you must do is to identify a purchaser. Sure thing, scrap golds are not valued by high end dealers, but if you are brave enough you can try. Mostly, junk golds are approved by refineries and scrap gold dealers. To build up your search, you may also inquire online for attracted junk gold buyer. Make a list of possible consumers to narrow down your target market.
Once you know your possible buyers, you can now accumulate your junk gold items. Now is the most excellent time to open those rusty old jewelry boxes and storage to find old gold stuff that are no longer saleable and have less implication to you. Include in your items your broken earrings, charms and necklaces, damaged gold chains, dental gold and anything that has gold but no longer valuable to you.
Next step is to balance the scrap gold correspondingly. Keep in mind that not all gold are the same. Most gold scraps are mixed with definite alloys and metals to make them more practical and suitable to use as pure gold is naturally soft and not very practical for everyday use. Also, note that when you balance gold scraps for possible trade, the only thing that is valuable to you is the gold content. To learn the value of gold scrap, you discover the purity of the gold used in the scrap gold items.
When determining the purity of gold scraps, the easiest to learn are jewelries because their purity are frequently carved on them. You can either see 18 karat, 14 karat or 10 karat markings on the damaged jewelry items. Classically, those gold scraps that have no markings are considered as 10 karat gold. Be careful and sort the pieces one by one. Group them and put them in piles. Take away anything that is not metal. Also those items that are gold plated because gold only has minuscule layer in them and buyers believe that gold plated items are futile. After you have identified the purity of the pieces, weigh them and document them in your special notepad. Next step is to go back to your directory of buyers and find out which offer is the best and sell your gold scraps to that buyer. Just be sure that the shopper is honest.
Gold is a favorable metal. Even those considered as scraps are still saleable. So, don’t give up if you cannot invest in gold bullion, coins or jewelries for now. Start little and start right and soon you will be able to invest in high end venture.
Prepared to sell gold online? Visit the most trusted site to sell gold and click on the links now!
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