Buy Gold Info

Direxion ETF

Direxion ETF shares are 3x Exchange-Traded Funds that provide 300% leverage and provide investors the ability to invest in volatile bull and bear markets. Each dollar invested you are provided with three dollars of exposure providing 300% of the volatility and risk. The fund seeks to increase the returns of their benchmarks daily. Due to the aggressive nature of Direxion ETF’s they are not recommended for conservative investors who cannot tolerate substantial losses or do not wish to monitor their portfolios closely.

Direxion provides the highest amount of leverage available for trading ETF’s. However, due to the magnified exposure to the markets these funds are not appropriate for buy and hold investors. Direxion Shares ETFs are focused on daily investment results.

Direxion was founded in 1997 with headquarters that are currently located in Boston, MA. They have approximately 51 US listed EFT’s including the following categories: Inverse Equities, Inverse Bonds, Leveraged Equities, Leveraged Real Estate, Leveraged Bonds, Transportation Equities

 

ETF Definition

The definition of ETF is an exchange traded funds which is traded on the stock exchanges. Similar to a stock, however the majority of ETF’s track a stock index rather than a particular stock. Many investors like to trade in exchange traded funds because they allow you to invest in a basket of assets while still trading like a stock. Since an ETF does not carry a normal stock related net asset value, they are instead calculated exactly like a mutual fund. This means you can purchase an ETF at the end of each trading day for its net asset value.

However only large trading institutions are usually allowed to blog or sell ETF shares direct from a fund manager. The average investor will need to purchase them from a retail broker or trade shares on the aftermarket. Holding ETF stocks can give you diversification of your portfolio as well as allowing you to purchase as few as one share, sell short, or bought on margin.

 

Nova Gold Stock

Nova Gold Stock (NYSE-AMEX, TSX: NG) is engaged in precious metal exploration in North America. They currently are dedicated to launching their two primary gold producing properties that they are developing. These are called Donlin Gold and Galore Creek. Donlin Gold is estimated to produce approx. 800,000 ounces of gold per annum while in production. Galore Creek is anticipated to produce over 200,000 ounces of gold annually.

The president & CEO of Novagold is Rick Van Nieuwenhuyse. The CEO founded Novagold in 1998 with the goal of creating a mid-level gold producing company. There mission statement is build around four principles:

1. Identify high-quality assets and make strategic, timely acquisitions
2. Use exploration expertise to expand existing deposits
3. Advance the projects to a feasibility level to bring reserves to the Company and value to shareholders
4. Create strong partnerships with well-respected senior producers to advance the projects to production.

Currently the company is focused on gold exploration and mining development of precious metal properties in Alaska and Canada. These properties also contain large amounts of silver and copper deposits. At the time of this writing it is believed that Galore Creek and Donlin Gold are in the best three percent of worldwide gold deposits.

 

 

Buy Gold Bars from Bank

A question commonly asked is can I purchase gold bars from a bank?

While banks have traditionally maintained a percentage of their assets invested in gold holdings they will not usually sell them to private investors. You can typically purchase gold bars from a mint or private dealer. When you purchase gold bars you will normally expect to pay a price that is a little more expensive than the current market value. Generally bars offer a lower price premium than gold coins. On the downside bars can increase the risk of forgery from unethical gold dealers.

The smaller the amount of gold you purchase the higher the premium will usually be. If you purchase your gold bars on the international market you can expect to deal with currency differences and additional exchange fees. It’s generally safer to buy from established mints or dealers who have a long standing track record.

When purchasing gold bars you’ll want to make sure you get a certificate that accurately breaks down the manufacturer, weight, size and certificate number of the gold bar you’re purchasing. You’ll want to compare the certificate to the information that is stamped on your bar to ensure it is genuine. When you purchase gold in the form of a bar it is generally 99.99% pure gold. You should carefully examine the gold bar stamp to ensure it meets the purity you desire.

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Gold bars usually come in two different forms these are minted and cast. Minted bars are treated similarly to coins and are stamped with the necessary information detailing their attributes. Cast bars are also called gold ingots. These cast bars usually include information from the manufacturer, the golds purity and unique registration number. Gold bar buyers should be aware that gold is sold based on the Troy ounce. This unit of measurement is approximately 10% heavier than a normal ounce. A troy ounce is the equivalent to 31.1034768 grams.

Dental Gold Value

If you are looking for the value of your gold dental scrap such as bridges, crowns, sweeps, inlays, caps, castings, and teeth you first need to determine its gold content.  Often you can find the value of normal gold items by looking at it. Usually the karat amount is marked on the item with an inscription like 10K, 18k, 20k etc. However when it comes to scrap dental gold, it’s not such an easy task to determine the karat value. If you wanted to do this at home you can purchase an acid test from a jewelry supplier online to determine the karat amount. For most people, it’s much more convenient to find a reputable gold buyer who will do the testing for you.

You must determine the fineness of your gold or its karat amount to find its value. Much of the dental scrap gold used today is around 18 Karats. Sometimes you can find gold buyers online who offer a gold calculator from their website. In this case you would add the weight, and the appropriate karats of the item to calculate the total. By comparing the total dental gold value they give you to today’s spot gold price, you can determine how much commission the gold buyer is taking for themselves. Before sending in your gold for an estimate and monetary offer it’s a good idea to get the accurate weight of the item you wish to sell. To help determine the value of your gold scrap you need to select a unit of measurement which is usually in the form of grams or pennyweight.

It’s important to remember the following when calculating the value of your scrap gold. 31.1 grams equals 1 troy ounce, and 20 dwt [pennyweight] equals one troy ounce. So if you wanted to determine today’s gold price per gram you would find today’s spot gold price, and divide by 31.1 to get the price of gold per gram. For example, if today’s price of gold is $1540. Then $1540 divided by 31.1 equals $49.52 a gram.

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In my experience I’ve found many gold buyers will take 20% to 30% of the gold’s value as their fee. Pawnshops have a larger overhead and on average pay about 50% less than what the gold is actually worth. Often online gold buyers will keep their calculation amounts a secret, since they don’t want to run the risk of entering into an online bidding war with their competition. When you find a gold buying site that is reputable you can usually request a gold mailing package to send them your gold for them to analyze.

Even though many gold buyers offer automatic insurance up to $1000, it’s always a good idea to personally insure your package to protect your investment. Another thing to note when selling your scrap dental gold online, is that you don’t have to worry about removing porcelain, tooth parts, metal or cement from the item. You can send in what you have and receive a check in the mail. Make sure the company you sell your dental scrap gold to a refund clause that allows you to return the check if you’re unsatisfied.