ALL THESE BANGLES ARE AVAILABLE FOR SALE,
CONTACT DETAIL
EMAIL US: r.alirashid@yahoo.com
CALL US: +923132025483
Saturday, July 24, 2010
INTRODUCTION OF GOLD
What is gold?
Gold is a comparatively dense, shiny, yellow metall. As an element, gold is quite resistant to corrosion (by oxygen, but also many other chemicals). There are medical (dentistry), chemical and industrial applications of gold (see also the entry for gold in Wikipedia). However, aside these rather limited applications (for which, in fact, gold often can be substituted with other materials like copper, ceramics etc.) the metal is more or less useless.
Why is it expensive?
Despite its relative uselessness, it is wellknown that gold is comparatively expensive (e.g. when compared with the same amount of iron or copper). So, why (at least over the last couple of thousand years) has humanity perceived gold as one of the most expensive materials on the planet? The reasons are in fact very simple: gold is rare, gold cannot be created (synthesized under economic costs) and, as mentioned before, it is shiny and does not oxidize. The latter property made gold an ideal material for jewellery and other representative uses. The evergrowing demand for jewellery and the rareness of gold hence determined its price. In return, the high price made gold an ideal store of wealth. In today's prices (Feb 07, 2007), one kilogramm (around two pounds) of gold is worth around EUR 16,000 (equivalent to GBP 10,600 or USD 21,000). One kilogramm of gold would have the volume of a small bar of chocolate and could easily be stored under your pillow or on the ground of the fish pond in your garden (no packaging required).
Why is gold more than just another precious metal?
As gold was perceived as an ideal store of wealth, its importance as a medium of exchange in trade grew. Finally, this lead to the invention of gold currencies. However, instead of exchanging real gold coins, it would be enough to only exchange the right on or the promise of a certain amount of gold. Paper money was born. As a relict of the times when currencies were backed by gold, many financial institutions (central banks, the IMF etc.) hoard large quantities (several thousands of metric tons) of gold until today. Up until 1971, the US-Dollar was one of these gold backed currencies. Since many other countries linked their own currencies to the Dollar by more or less fix exchange rates, gold was de-facto the world currency.
How much gold is there?
The amount of gold that has been found or dug out in human history is estimated at 120,000 to 140,000 metric tons (1 metric ton = 1000 kilogram). This amount of gold would fit into one massive cube with edges of a length of 19 meters (imagine a cubic 6-storey house made of massive gold). Around 20-25% (30,000 metric tons) of this gold is hoarded by central banks. The rest is privately owned jewellery (70,000-80,000 metric tons) and bullion (20,000 metric tons). In other words, most of the world's gold is in private hands. The amount of gold that is mined per year is comparatively stable at just above 2% of the world's above ground gold (around 2,600 metric tons per year). [All figures in this paragraph were taken from Galmarley.]
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What is gold's role today?
Beside its unchanged prominent role for jewellery, gold still has a special position in the financial world of today. Gold is sometimes viewed at as a hedge against general inflation, but in particular also as a hedge against oil price inflation. Furthermore, since its (former) status as world currency, gold can be used as a means of diversification of foreign exchange rate risk. Although the world's central banks nowaday create fiat money, i.e. money that is not backed by gold or any tangibles anymore, many are still quite active in the gold market. Where most European central banks sold gold in recent years, it is known that some Asian banks (e.g. the Russian central bank) have purchased larger quantities. This could be seen as a sign of the need for alternative reserve methods in the face of a weakening US-Dollar.
How is gold doing financially?
Since its maximum price of more than USD 800 (in fact, almost USD 900) per ounce in the early 1980's, the price of gold was almost continuously decaying till the end of the 1990's. However, many people think that gold is in a bull market since 2001, with the USD-price having doubled since then. Some spectators think that gold might see a great renaissance in the face of severe economic, financial and social problems of the industrialized countries. These problems are usually named as the debt-stricken American and European state finances, overvalued currencies (USD, GBP), property price bubbles in the US and the UK (along with debt-driven consumption), the ongoing crisis in the Middle East (and implications for the oil price), increasing interest rates in Japan and the implications for hedge-funds that practice Yen-carry-trade, unfavourable demographic developments. It is believed that these problems might have a severe impact on the US- and the world economy on a relatively short time horizon.
Is the financial importance of gold controversial?
Yes, it definitely is. Since the gold standard of the US-Dollar was abolished in 1971, the world relies on fiat money. Some people believe that gold today is just another rare metal, a commodity like many others. People who think so might still acknowledge that gold has been undervalued during the 1990's and could have a considerable financial potential in the near future. However, there is also a fraction of people who believe that the higher recent levels of the gold price are due to a general boom in commodities, which might be over soon with gold prices falling to lower levels again. Others believe that gold has never completely lost its role as a world currency. In the face of several hyperinflationary monetary catastrophies during the last century, these people believe that gold is the ultimate inflation hedge and will gain immensely in value when the above mentioned financial inequilibria unravel, and speculators, private investors and financial institutions will start buying gold as a financial safe haven (see e.g. Paul van Eeden's weekly commentary). There are also people who believe that there is collusion among financial institutions to manipulate the gold price (see GATA).
How to invest in gold?
There are many ways to invest in gold as private investor. People interested in owning physical gold usually buy bullion (coins or bars). For instance, in the UK and in Germany, such purchases are VAT-exempt, whereas silver purchases are not. It is also possible to invest money in gold funds or gold-related options. If an investor is interested in gold itself (and not in related or derived products), some important topics should be carefully considered. Firstly, buying real bullion (with delivery at home) usually comes along with a comparatively hefty premium over the gold price. For small amounts (up to a couple of ounces), premiums of 5%-7% are normal. Secondly, unsecured and un-insured storage at home might be another problem with this kind of investment. If a bullion bar is delivered to a private investor (e.g. to his/her home or even to his/her bank safe), the bullion leaves the so-called chain of integrity of the gold trading community. Put simple, after being removed from acknowledged vaults, gold has always to be examined when sold again to make sure it is of the quality and quantity the seller claims. This can be expensive. For larger quantities it is therefore inevitable to find other means of purchasing and storing. If gold is bought via a bank (and is stored with that bank), the problem coming along is often that the bought gold is 'unallocated'. This however means that in the case of a bankruptcy of the respective bank the gold might be repossessed by creditors of the bank. Therefore, private investor should make sure that they own allocated gold. Fortunately, in recent years, a few businesses have started to provide excellent services where allocated gold can be bought, securely stored and also be traded for very competitive fees. There are also metal-backed electronic currencies that could be interesting for people who want to buy and sell online using precious metals. Some links:A beginner's guide to investing in gold on the MoneyWeek webpagesGold as an investment from WikipediaBullionVault, a business that enables private investors to buy, store and trade gold in vaults in London, New York and ZurichChard's, buy and sell VAT-free gold bullione-gold, an electronic gold-backed currency
Disclaimer: These webpages reflect the personal views and opinions of some people working for Approximity. They are not intended to be investment advice or financial advice to any person or institution. While provided information is believed to be correct, correctness cannot be guaranteed. Furthermore, information might be subject to change without notice or become outdated. Approximity does not accept any responsibility for any (direct or indirect) investment decisions arising from the use of the information on these webpages. The responsibility for contents and information on external webpages lies completely with the respective authors. External links might be subject to changes or outdating without notice on Approximity's webpages.
Gold is a comparatively dense, shiny, yellow metall. As an element, gold is quite resistant to corrosion (by oxygen, but also many other chemicals). There are medical (dentistry), chemical and industrial applications of gold (see also the entry for gold in Wikipedia). However, aside these rather limited applications (for which, in fact, gold often can be substituted with other materials like copper, ceramics etc.) the metal is more or less useless.
Why is it expensive?
Despite its relative uselessness, it is wellknown that gold is comparatively expensive (e.g. when compared with the same amount of iron or copper). So, why (at least over the last couple of thousand years) has humanity perceived gold as one of the most expensive materials on the planet? The reasons are in fact very simple: gold is rare, gold cannot be created (synthesized under economic costs) and, as mentioned before, it is shiny and does not oxidize. The latter property made gold an ideal material for jewellery and other representative uses. The evergrowing demand for jewellery and the rareness of gold hence determined its price. In return, the high price made gold an ideal store of wealth. In today's prices (Feb 07, 2007), one kilogramm (around two pounds) of gold is worth around EUR 16,000 (equivalent to GBP 10,600 or USD 21,000). One kilogramm of gold would have the volume of a small bar of chocolate and could easily be stored under your pillow or on the ground of the fish pond in your garden (no packaging required).
Why is gold more than just another precious metal?
As gold was perceived as an ideal store of wealth, its importance as a medium of exchange in trade grew. Finally, this lead to the invention of gold currencies. However, instead of exchanging real gold coins, it would be enough to only exchange the right on or the promise of a certain amount of gold. Paper money was born. As a relict of the times when currencies were backed by gold, many financial institutions (central banks, the IMF etc.) hoard large quantities (several thousands of metric tons) of gold until today. Up until 1971, the US-Dollar was one of these gold backed currencies. Since many other countries linked their own currencies to the Dollar by more or less fix exchange rates, gold was de-facto the world currency.
How much gold is there?
The amount of gold that has been found or dug out in human history is estimated at 120,000 to 140,000 metric tons (1 metric ton = 1000 kilogram). This amount of gold would fit into one massive cube with edges of a length of 19 meters (imagine a cubic 6-storey house made of massive gold). Around 20-25% (30,000 metric tons) of this gold is hoarded by central banks. The rest is privately owned jewellery (70,000-80,000 metric tons) and bullion (20,000 metric tons). In other words, most of the world's gold is in private hands. The amount of gold that is mined per year is comparatively stable at just above 2% of the world's above ground gold (around 2,600 metric tons per year). [All figures in this paragraph were taken from Galmarley.]
google_protectAndRun("ads_core.google_render_ad", google_handleError, google_render_ad);
What is gold's role today?
Beside its unchanged prominent role for jewellery, gold still has a special position in the financial world of today. Gold is sometimes viewed at as a hedge against general inflation, but in particular also as a hedge against oil price inflation. Furthermore, since its (former) status as world currency, gold can be used as a means of diversification of foreign exchange rate risk. Although the world's central banks nowaday create fiat money, i.e. money that is not backed by gold or any tangibles anymore, many are still quite active in the gold market. Where most European central banks sold gold in recent years, it is known that some Asian banks (e.g. the Russian central bank) have purchased larger quantities. This could be seen as a sign of the need for alternative reserve methods in the face of a weakening US-Dollar.
How is gold doing financially?
Since its maximum price of more than USD 800 (in fact, almost USD 900) per ounce in the early 1980's, the price of gold was almost continuously decaying till the end of the 1990's. However, many people think that gold is in a bull market since 2001, with the USD-price having doubled since then. Some spectators think that gold might see a great renaissance in the face of severe economic, financial and social problems of the industrialized countries. These problems are usually named as the debt-stricken American and European state finances, overvalued currencies (USD, GBP), property price bubbles in the US and the UK (along with debt-driven consumption), the ongoing crisis in the Middle East (and implications for the oil price), increasing interest rates in Japan and the implications for hedge-funds that practice Yen-carry-trade, unfavourable demographic developments. It is believed that these problems might have a severe impact on the US- and the world economy on a relatively short time horizon.
Is the financial importance of gold controversial?
Yes, it definitely is. Since the gold standard of the US-Dollar was abolished in 1971, the world relies on fiat money. Some people believe that gold today is just another rare metal, a commodity like many others. People who think so might still acknowledge that gold has been undervalued during the 1990's and could have a considerable financial potential in the near future. However, there is also a fraction of people who believe that the higher recent levels of the gold price are due to a general boom in commodities, which might be over soon with gold prices falling to lower levels again. Others believe that gold has never completely lost its role as a world currency. In the face of several hyperinflationary monetary catastrophies during the last century, these people believe that gold is the ultimate inflation hedge and will gain immensely in value when the above mentioned financial inequilibria unravel, and speculators, private investors and financial institutions will start buying gold as a financial safe haven (see e.g. Paul van Eeden's weekly commentary). There are also people who believe that there is collusion among financial institutions to manipulate the gold price (see GATA).
How to invest in gold?
There are many ways to invest in gold as private investor. People interested in owning physical gold usually buy bullion (coins or bars). For instance, in the UK and in Germany, such purchases are VAT-exempt, whereas silver purchases are not. It is also possible to invest money in gold funds or gold-related options. If an investor is interested in gold itself (and not in related or derived products), some important topics should be carefully considered. Firstly, buying real bullion (with delivery at home) usually comes along with a comparatively hefty premium over the gold price. For small amounts (up to a couple of ounces), premiums of 5%-7% are normal. Secondly, unsecured and un-insured storage at home might be another problem with this kind of investment. If a bullion bar is delivered to a private investor (e.g. to his/her home or even to his/her bank safe), the bullion leaves the so-called chain of integrity of the gold trading community. Put simple, after being removed from acknowledged vaults, gold has always to be examined when sold again to make sure it is of the quality and quantity the seller claims. This can be expensive. For larger quantities it is therefore inevitable to find other means of purchasing and storing. If gold is bought via a bank (and is stored with that bank), the problem coming along is often that the bought gold is 'unallocated'. This however means that in the case of a bankruptcy of the respective bank the gold might be repossessed by creditors of the bank. Therefore, private investor should make sure that they own allocated gold. Fortunately, in recent years, a few businesses have started to provide excellent services where allocated gold can be bought, securely stored and also be traded for very competitive fees. There are also metal-backed electronic currencies that could be interesting for people who want to buy and sell online using precious metals. Some links:A beginner's guide to investing in gold on the MoneyWeek webpagesGold as an investment from WikipediaBullionVault, a business that enables private investors to buy, store and trade gold in vaults in London, New York and ZurichChard's, buy and sell VAT-free gold bullione-gold, an electronic gold-backed currency
Disclaimer: These webpages reflect the personal views and opinions of some people working for Approximity. They are not intended to be investment advice or financial advice to any person or institution. While provided information is believed to be correct, correctness cannot be guaranteed. Furthermore, information might be subject to change without notice or become outdated. Approximity does not accept any responsibility for any (direct or indirect) investment decisions arising from the use of the information on these webpages. The responsibility for contents and information on external webpages lies completely with the respective authors. External links might be subject to changes or outdating without notice on Approximity's webpages.
Wednesday, July 21, 2010
GOLD NECKLACE AVAILABLE FOR SALE
Product Description:
22K Gold Necklace and Earrings Set ( light set) with filigree designs.
Size:
Necklace is 16 inches long (adjustable) and 34 mm wide at center / design portion.
Earrings are 26 mm long (including hanging) and 12 mm wide. (screw back post)
Gold Necklace Set (CODE : AjNs50236)
Special Price : US $ 969 ( 20.7 Grams)
Rs. 69125
• 30 gms Solid Gold Necklace Set in 18K Solid Yellow Gold.
• Metal : 30 gms 18K Solid Yellow Gold.
• All images are Enlarged for better viewing,
Payment methods accepted:
EMI: 3 Easy Monthly Installments (Available on CITI Bank and ICICI Bank Credit Card Only)
Credit Card : VISA,Master Card, American Express, Citibank Diner, Cheque.
Net Banking : ICICIBank.com, HDFC Bank Direct Pay, Federal Bank - FedNet ,ITZ Cash
AXIS
Contact Detail.
E-mail r.alirashid@yahoo.com
Direct contact: +923132025493
HISTORY OF GOLD
A Brief History Of Gold
A child finds a shiny rock in a creek, thousands of years ago, and the human race is introduced to gold for the first time.
Gold was first discovered as shining, yellow nuggets. "Gold is where you find it," so the saying goes, and gold was first discovered in its natural state, in streams all over the world. No doubt it was the first metal known to early hominids.
Gold became a part of every human culture. Its brilliance, natural beauty, and luster, and its great malleability and resistance to tarnish made it enjoyable to work and play with.
Because gold is dispersed widely throughout the geologic world, its discovery occurred to many different groups in many different locales. And nearly everyone who found it was impressed with it, and so was the developing culture in which they lived.
Gold was the first metal widely known to our species. When thinking about the historical progress of technology, we consider the development of iron and copper-working as the greatest contributions to our species' economic and cultural progress - but gold came first.
Gold is the easiest of the metals to work. It occurs in a virtually pure and workable state, whereas most other metals tend to be found in ore-bodies that pose some difficulty in smelting. Gold's early uses were no doubt ornamental, and its brilliance and permanence (it neither corrodes nor tarnishes) linked it to deities and royalty in early civilizations .
Gold has always been powerful stuff. The earliest history of human interaction with gold is long lost to us, but its association with the gods, with immortality, and with wealth itself are common to many cultures throughout the world.
Early civilizations equated gold with gods and rulers, and gold was sought in their name and dedicated to their glorification. Humans almost intuitively place a high value on gold, equating it with power, beauty, and the cultural elite. And since gold is widely distributed all over the globe, we find this same thinking about gold throughout ancient and modern civilizations everywhere.Gold, beauty, and power have always gone together. Gold in ancient times was made into shrines and idols ("the Golden Calf"), plates, cups, vases and vessels of all kinds, and of course, jewelry for personal adornment.
The "Gold of Troy" treasure hoard, excavated in Turkey and dating to the era 2450 -2600 B.C., show the range of gold-work from delicate jewelry to a gold gravy boat weighing a full troy pound. This was a time when gold was highly valued, but had not yet become money itself. Rather, it was owned by the powerful and well-connected, or made into objects of worship, or used to decorate sacred locations.Gold has always had value to humans, even before it was money. This is demonstrated by the extraordinary efforts made to obtain it. Prospecting for gold was a worldwide effort going back thousands of years, even before the first money in the form of gold coins appeared about 700 B.C.
In the quest for gold by the Phoenicians, Egyptians, Indians, Hittites, Chinese, and others, prisoners of war were sent to work the mines, as were slaves and criminals. And this happened during a time when gold had no value as 'money,' but was just considered a desirable commodity in and of itself.The 'value' of gold was accepted all over the world. Today, as in ancient times, the intrinsic appeal of gold itself has that universal appeal to humans. But how did gold come to be a commodity, a measurable unit of value?
A child finds a shiny rock in a creek, thousands of years ago, and the human race is introduced to gold for the first time.
Gold was first discovered as shining, yellow nuggets. "Gold is where you find it," so the saying goes, and gold was first discovered in its natural state, in streams all over the world. No doubt it was the first metal known to early hominids.
Gold became a part of every human culture. Its brilliance, natural beauty, and luster, and its great malleability and resistance to tarnish made it enjoyable to work and play with.
Because gold is dispersed widely throughout the geologic world, its discovery occurred to many different groups in many different locales. And nearly everyone who found it was impressed with it, and so was the developing culture in which they lived.
Gold was the first metal widely known to our species. When thinking about the historical progress of technology, we consider the development of iron and copper-working as the greatest contributions to our species' economic and cultural progress - but gold came first.
Gold is the easiest of the metals to work. It occurs in a virtually pure and workable state, whereas most other metals tend to be found in ore-bodies that pose some difficulty in smelting. Gold's early uses were no doubt ornamental, and its brilliance and permanence (it neither corrodes nor tarnishes) linked it to deities and royalty in early civilizations .
Gold has always been powerful stuff. The earliest history of human interaction with gold is long lost to us, but its association with the gods, with immortality, and with wealth itself are common to many cultures throughout the world.
Early civilizations equated gold with gods and rulers, and gold was sought in their name and dedicated to their glorification. Humans almost intuitively place a high value on gold, equating it with power, beauty, and the cultural elite. And since gold is widely distributed all over the globe, we find this same thinking about gold throughout ancient and modern civilizations everywhere.Gold, beauty, and power have always gone together. Gold in ancient times was made into shrines and idols ("the Golden Calf"), plates, cups, vases and vessels of all kinds, and of course, jewelry for personal adornment.
The "Gold of Troy" treasure hoard, excavated in Turkey and dating to the era 2450 -2600 B.C., show the range of gold-work from delicate jewelry to a gold gravy boat weighing a full troy pound. This was a time when gold was highly valued, but had not yet become money itself. Rather, it was owned by the powerful and well-connected, or made into objects of worship, or used to decorate sacred locations.Gold has always had value to humans, even before it was money. This is demonstrated by the extraordinary efforts made to obtain it. Prospecting for gold was a worldwide effort going back thousands of years, even before the first money in the form of gold coins appeared about 700 B.C.
In the quest for gold by the Phoenicians, Egyptians, Indians, Hittites, Chinese, and others, prisoners of war were sent to work the mines, as were slaves and criminals. And this happened during a time when gold had no value as 'money,' but was just considered a desirable commodity in and of itself.The 'value' of gold was accepted all over the world. Today, as in ancient times, the intrinsic appeal of gold itself has that universal appeal to humans. But how did gold come to be a commodity, a measurable unit of value?
Friday, July 16, 2010
NEW GOLD EAR-RING DESIGNS
CONTACT US: r.alirahid@yahoo.com
call us : +923132025493
Wednesday, July 14, 2010
GOLD EAR-RINGS FOR SALE
GOLD EAR-RINGS ARE AVILABLE FOR SALE ON REASONABLE PRICE. CONTACT NOW: CALL US: 03132025493
EMAIL: r.alirashid@yahoo.com
Sunday, July 11, 2010
DIAMOND RINGS FOR SALE
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Diamond Rings are available for sale on very reasonable price. 05% discount limited offer contact now.
For furthur detail.
E-mail us r.alirashid@yahoo.com
call us: +923132025439
Saturday, July 3, 2010
Price of Gold As on 7th August 2010
| CURRENT GOLD RATES AS ON 7th August 2010 | ||||
| US DOLLAR [PER OUNCE] | 1193.35 | |||
| PAK RUPEES [PER TOLA] | Rs.37742.68 | |||
| PAK RUPEES [PER 10 GRAMS] | Rs.32357.68 | |||
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