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Practical tips on cryptocurrency trading

For some time now, I have been closely monitoring the work of cryptocurrencies to feel where the market is heading. The routine taught to me by my elementary school teacher – where you wake up, pray, brush your teeth and take breakfast, moved a little on waking up, praying, and then online (starting with coinmarketcap), just to know which crypto-assets are red .
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The start of 2018 was not great for altcoins and relative assets. Their performance has been crippled by bankers ’frequent speculation that the crypto-bubble is about to burst. However, avid cryptocurrency followers are still “trading” and, truth be told, they are reaping.

Recently, bitcoin returned to nearly $ 5,000; Bitcoin Cash has approached $ 500, while Ethereum has found peace in $ 300. Virtually every coin came under attack from beginners who were still in the excitement stage. As of the time of writing, bitcoin is back on track and is selling it for $ 8,900. Many other cryptophones have doubled since the uptrend began, and the market capitalization is $ 400 billion from the recent $ 250 billion threshold.
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If you are slowly warming up to cryptocurrencies and want to become a successful trader, the tips below will help you.

Practical tips on cryptocurrency trading

• Start modestly

You have heard that cryptocurrency prices are rising rapidly. You have also probably received the news that this upward trend may not last long. Some parasites, mostly respected bankers and economists, usually call them schemes of rapid enrichment without a stable basis.

Such news can make you rush to invest and not apply moderation. A small analysis of market trends and depreciable currencies can guarantee you a good return. Whatever you do, don’t invest all that hard-earned money in these assets.

• Understand how exchanges work

I recently saw a friend of mine posted on Facebook a feed about one of his friends who continued to trade the stock market, he had zero ideas about how it works. This is a dangerous step. Always inspect the site you are going to use before registering or at least before you start trading. If they provide a bogus account that you can play with, take the opportunity to find out what the dashboard looks like.

• Don’t insist on trading at all

There are over 1,400 cryptocurrencies to trade, but it is impossible to deal with all of them. Spreading your portfolio to a huge number of crypts than you can effectively manage minimizes your profits. Just pick a few of them, read more about them and how to get their trading signals.

• Stay sober

Cryptocurrencies are volatile. This is both their ugliness and well-being. As a trader, you need to understand that wild price fluctuations are unavoidable. Uncertainty when to take a step makes an inefficient trader. Use solid data and other research methods to be sure when making a deal.

Successful traders belong to various online forums where discussions of cryptocurrencies concerning market trends and signals are discussed. Sure, your knowledge may be enough, but you need to rely on other traders to get more relevant data.

• Significantly diversify

Virtually everyone will tell you to expand your portfolio, but no one will remind you to deal with currencies used in the real world. There are a few bad coins you can handle to get quick money, but the best crypts you can deal with are the ones that solve existing problems. Coins used in the real world tend to be less volatile.

Don’t diversify too sooner or later. And before you take the step of buying any crypto-asset, make sure you know its market capitalization, price changes and daily trading volumes. Maintaining a healthy portfolio is a way to get the most out of these digital assets.

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Crypto TREND – second edition

In the first edition of CRYPTO TREND we introduced cryptocurrency (CC) and answered a few questions about the new market space. There is a lot of news in this market every day. Here are some highlights that give us an idea of ​​how new and exciting this market space is:
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The world’s largest futures exchange for the creation of a futures contract for bitcoin
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Terry Duffy, president of the Chicago Mercantile Exchange (CME), said: “I think sometime in the second week of December you will see our [bitcoin futures] enter into a contract for listing. Today you can’t short bitcoin, so there is only one way. You either buy or sell to someone else. So you create a two-way market, I think it’s always much more efficient. ”
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CME intends to launch bitcoin futures by the end of the year pending legal review. If successful, it will give investors a viable way to go for “long” or “short” bitcoin. Some exchange traders have also applied for bitcoin ETFs that track bitcoin futures.
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These developments can allow people to invest in the cryptocurrency space without having a direct CC or using the services of a CC exchange. Bitcoin futures can make a digital asset more useful by allowing users and resellers to hedge their currency risks. This may increase the acceptance of cryptocurrency by traders who want to accept bitcoin payments but are wary of its variable value. Institutional investors are also accustomed to trading in regulated futures that do not suffer from money laundering worries.
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The CME move also suggests that bitcoins have become too large to be ignored because the exchange in the recent past seemed to rule out crypto futures. Bitcoin is almost everything that is said in brokerage and trading firms, which have suffered against the background of growth, but unusually calm markets. When futures on an exchange took off, it would be virtually impossible to catch up with any other exchange, such as CME, as scale and liquidity are important in derivatives markets.
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“You can’t ignore the fact that it’s becoming more and more a story that won’t go away,” Duffy said in an interview with CNBC. He said there are “major companies” that want to access bitcoin, and “huge slow demand” from customers. Duffy also believes that attracting institutional traders to the market could make bitcoin less volatile.
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The Japanese village will use cryptocurrency to raise capital for municipal restoration

The Japanese village of Nisiowakara is exploring the idea of ​​holding a Primary Coin Supply (ICO) to raise capital for municipal restoration. This is a very new approach and they can ask for government support or turn to private investment. Several ICOs have had serious problems, and many investors are skeptical that any new token will have value, especially if the ICO turns out to be another joke or scam. Bitcoin was definitely not a joke.
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FIRST COIN OFFER – (ICO)

We didn’t mention ICO in the first edition of Crypto Trend, so let’s mention it now. Unlike an initial public offering (IPO), when a company has a real product or service for sale and wants you to buy shares in their company, an ICO can be conducted by anyone who wants to initiate a new Blockchain project with the intention of creating a new mark on their chain . ICOs are not regulated, and several have been completely fictitious. A legitimate ICO can raise a lot of money to fund a new Blockchain project and network.
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It is typical for an ICO to generate a high price of tokens at the very beginning and then return to reality again. Because ICOs are relatively easy to hold, if you know the technology and have a few dollars, there were a lot of them, and today we have about 800 tokens in play. All of these tokens have a name, they are all cryptocurrencies, and with the exception of very well-known tokens such as Bitcoin, Ethereum and Litecoin, they are called alternative coins. At this time, Crypto Trend does not recommend participating in the ICO, as the risks are extremely high.
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As we said in Issue 1, this market is now a “wild west,” and we recommend being careful. Some investors and early investors made big profits in this market space; however there are many who have lost much or all. Governments are considering the rules because they want to know about each transaction in order to impose all taxes on them. They all have huge debts and are tied to cash.
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So far, the cryptocurrency market has avoided many government and conventional banking financial problems and pitfalls, and Blockchain technology has the potential to solve many more problems.

A great feature of bitcoin is that the creators have chosen the final number of coins that can ever be obtained – 21 million – thus ensuring that this crypto coin will never be inflated. Governments can print as much money (fiat currency) as they like and inflate their currency to death.
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Future articles will delve into specific recommendations, however, make no mistake, early investments in this sector will only be earmarked for your most speculative capital – money you can afford to lose.

CRYPTO TREND will be your guide when and when you are willing to invest in this market space.

Stay tuned!

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Nano Coin compared to Nexty Coin – Crypto

Nano and Nexty: Are these real and practical alternatives available? Let’s find out!

Blockchain is no longer a hip-geek conversation! Bitcoin has revolutionized the way many of us have seen currencies, books, money transfers and transactions. The beauty of all virtual currencies is that almost every one of them is trying to solve the problem. And here is our interesting coin – Nexty. During registration, the similarity of the Nexty platform will be compared to the Nano – XRB to gain a better understanding of this platform.
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Simply put, the Nexty platform is presented as a transactional system that eliminates the notion of transaction fees by providing ultra-fast translation to facilitate users. In addition, transfers are super-fast because transactions do not require miners to confirm, as is the case with other virtual currencies such as Bitcoin, etc.
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However, according to information released by the creators of Nexty, the main use of Nexty is for newly created e-commerce businesses to help get government funding. Since there are no transactions, ultra-fast transfers (2 seconds! And that’s pretty much real time) and confirmation fees, fundraising will be less. The coin is surgically targeted at e-commerce stores because it will develop an ecosystem where these stores will accept NTY coins from shoppers.

The NTY concept makes daily online transactions smooth. The NTY team consists of Blockchain developers and renowned marketers. Some of the team members have ten to 12 years of experience in complete stack design and marketing.

Some of you may argue that the Nano – formerly known as Railblocks, XRB – already performs the same functions as NTY. The XRB coin is a bit unique because it uses the block lattice’s own data structures. Because of this, each Nano account has its own blockchain that reduces fast transfer latency. In addition, the XRB is energy efficient and does not require a high-end GPU system to execute transactions. However, the Nano does not come with a smart contract feature. Smart contracts are designed to exchange triggers for any cryptocurrency. These contracts help to exchange cash, real estate, stocks or any tangible or intangible financial value entities. Smart contracts are also crowding out the need for brokers, seamlessly translating our crypto to asset exchange. Apart from this one difference, NTV and XRB (Nano) are more or less the same. Another important feature of the Nexty platform is its integration into existing e-commerce applications such as Joomla. According to NTY developers, integration takes a maximum of 3-4 hours.

To balance supply and demand the NTY platform comes with a built-in reasonable rate program. This program offers bonuses and credits for buying, selling and maintaining Nexty. The system is designed for investors and daily users simultaneously.

The capabilities of the Nexty and Nano platforms are huge. Just imagine a world where crypto replaces regular wallets, and transactions are fast! For example, if a store owner accepts BitCoin, he may not transfer goods and services to you until the transaction is confirmed by a number of minors. And now rethink the payment for goods and services in a currency that is quickly transferred with zero commission for transactions, regardless of minor checks!

How to become the best diamond broker

Do you want to become the best diamond broker? Then there must be many things to learn. It doesn’t take that much to become top diamond brokerbut if you don’t have the determination to become one, it will be hard work. You need to be familiar with the job and the ways to be the customer’s choice.

What is a diamond broker?

First of all, you need to know what a jewelry broker is. This is an expert who specializes in the classification as well as the evaluation of pieces of diamonds. They act as a representative or diamond agent for customers who want to purchase high quality diamonds.

It is not necessary that you have to own a diamond as a broker. The job is to find only the diamonds in the wholesalers that customers want. They can also contact diamond cutters, private sellers and even auction houses to supply diamonds.

To become the best among all jewelry brokers in your city, you need to have a very broad knowledge of diamonds. You need to constantly educate yourself and improve your skills. With accreditation in a variety of industries, you will easily find a job as a diamond broker. Clients must first trust a very good broker before spending money on diamonds.

What it takes to be a certified diamond broker

Education is a major factor before becoming a good diamond broker. You need to be a certified gemologist. This factor is very important, especially during the years of study as a student-gemologist. You will learn the basics of diamond identification. In addition, a degree in gemology is only the first requirement required by a jewelry broker. The program for the gemologist will last only 26 weeks before completion. So if you want to become a broker, make sure you get certified.

Skills are also important factors to become the best among all jewelry brokers. You need to have a close look at the real diamond and what customers want. Make sure you have the best negotiation skills regarding diamond sellers.

Finally, you need to be able to avoid fraud. This can cause a very negative image of your reputation as a jewelry broker. Make sure you are dealing with customers and suppliers who have legal status.

Here are just a few tips on how to become the best diamond broker. To become one, you need a lot! But with determination it will be impossible. I hope you learned from this article.

Increasing wealth – silver American eagle coins – numismatic coins

Silver is now called the new gold. Why? Because when gold prices rise, as has been the case recently, investors are looking for a less expensive alternative. That is why silver is called the gold of the poor.

The sale of coins and bullion was so reliable – the U.S. Mint now regulates American Eagle coins that dealers say they cannot meet the demand of small investors.

Financial experts believe that the current economic problems facing the world will worsen. Those who study financial trends are urging people to turn their paper money into tangible assets. The feeling is that sooner or later physical assets are trump.

Experts believe that “Silver” is rising again, as in the 70s. Then an ounce of silver was only north of $ 1.00. It continued to grow and grow to over $ 47.00, the percentage increase was over 3,500%! At the time of this writing, an ounce of silver costs just over $ 17, which is 30% more this year. I read that analysts expect growth to more than $ 50.00 an ounce over the next 2 quarters. Wow!

Here is the fact. The world is out of silver. It is used in world currencies, jewelry, medical industry, apparel, photography, electronics, solar energy, water purification, silverware, nuclear power plants, etc.

How is silver different from gold? Simply put, silver is a consumable, it gets used to. For the most part, there are no real or synthetic materials instead of silver. We cannot live without it.

More than 90% of the mined silver is used for industrial purposes.

According to the Law of Demand and Supply, if the supply of an item or material decreases and the demand increases, the price of that material will increase significantly.

Few Americans who know that in 2002 it became legislation that the government must buy silver from the population when U.S. silver stocks fall below a certain level.

If you read s.2594 or section 2 of the American Eagle Silver Bullion Program Support Act, you will see that Congress will find that

(1) The American coin Eagle Silver Bullion is the world market leader and is the largest and most popular program of silver coins in the United States;

(2) Founded in 1986, the American Swing of Silver Ingots program is the world’s most successful Silver Ingots program;

(3) Beginning with fiscal year 1995 and ending with fiscal year 2001, the U.S. Swing Silver Ingots program generated profits of $ 264,100,000 and sufficient profits to substantially reduce government debt;

(4) in the context of depletion of silver reserves in the reserves of strategic and critical materials of the Defense Logistics Department, the Ministry of Finance must purchase silver from other sources to comply with the American program “Silver Ingots in the Eagle”

Summing up, the American silver coin “Eagle” plays an important role in the economy of our country. The government cannot stop making them because profits have drastically reduced public debt.

In addition to the collection of American silver bullion coins, there has been a marked increase in sales of numismatic collector coins. Harry Newton, editor of Technology Investor Publication, writes: “Interesting times! We are seeing a lot of movement in collector and investment currency and coins, especially premium coins. This year prices have increased by 35% and about Volume In high-end figures, Proofs 65 and above, and in the mint states of MS 65 and above there is significant demand while reaching record prices, we understand that it is more convenient for investors to hold solid assets such as coins than real cash in dollars and others on the foreign exchange balance, and there is a constant transition from the latter to fixed assets on a daily basis. “

Not all American silver eagles have plates and classified coins of the Mint (CU). Only about 10% make up MS-70. Unlike ingots, which are valued solely on the basis of their silver weight, the value of a numismatic silver coin is determined by several factors: its rarity, the number of coins originally minted, the history and age and condition of the coin.

Numismatic coins are bought and sold within the coin collector community, with little regard for today’s silver prices. Numismatic coins are valued for their beauty, historical significance and potential investment value. Thus, numismatic coins are sold with a significant premium for their own silver content.

Is Valcambi a smart investment of 50-gram CombiBar gold?

CombiBar Gold bar – a bar made by Valcambi Suisse, the size of which is 50 grams, divided into fifty – 1 gram of rectangles, which can be easily broken off and used for emergency payments at a difficult time.

Gold CombiBars are minted to a credit card-like size, with the exact purpose of putting it in your wallet and easy to carry around with you on a trip or just a day.

The first question what might come to your mind: “CombiBar is a scam?”. I can assure you that is not the case. This gold bar is offered by a proven dealer of precious metals, minted by a reputable firm, and if necessary will be analyzed. In fact they come with a real trial card.

Each 1-gram gold rectangle in the Valcambi CombiBar is inscribed with its content and fineness, which is .9999 fine gold. To determine the current value of a piece in 1 gram of CombiBar’s 50-gram gold, simply divide the price of one ounce of gold by 31.1035; no for sure, but close enough.

The next question from which it logically follows: “do I really need the payment system Valcambi CombiBar Gold; is it really going to be so bad?”. Well, the obvious answer to that is, “I really hope not.”

Although two things (at least) are against us.

One is history. Fiat currencies never stand up. The U.S. dollar is a fiat currency that is no longer supported by anything other than the constant “full faith and credit” of the U.S. government. Since the Federal Reserve Act of 1913, the dollar has lost 92% of its purchasing power.

Second, these are current events. Since the current financial crisis began several years ago, U.S. public debt has exploded in uncharted waters. Much of this seems to have been simply to save powerful banking interests. And while referring to this quote seems complicated, it seems correct that democracy can only exist until the majority finds that it can itself vote for most of the state treasury.

All over the world we see economies collapsing, riots and governments taking desperate steps to control their citizenship with restrictions on cash transactions, the movement of cash across the border and on gold itself.

Simply put, if you don’t have gold before you need it, you may not be able to get it.

Do enough people understand real money like gold and silver?

That’s a good question. Mark Dines a few years ago failed to sell a Canadian gold maple leaf coin for $ 1,200 for $ 50, then $ 25 and finally failed to give it to people passing by on the street.

However, when more visitors hit the news, offering 1964 menu prices for 1964 coins, and gas stations selling gas at ten cents a gallon if they paid up to a penny before 1965, people get the message.

And it may be that while most do not receive, those who have the necessary resources will receive them.

Even the phenomenon of BitCoin makes people aware of some problems. Note also how the German government has now begun storming Bitcoin, which will soon be followed by other governments, including the US.

Fiat currencies do not like competition at all, let alone “real money” or something that illustrates currency weakness.

Bottom line on gold CombiBar Valcambi 50 grams.

No matter if you ever need to break off small CombiBar Gold 1 gram bars to make a payment, it’s still quite a good physical possession of gold. The prize is only two to two percent higher than a sovereign gold coin similar to a buffalo or eagle.

Consider 50-gram CombiBar gold bars as fire insurance in your home: you hope you never need it, but if you need it, it’s too late to buy it after the fire starts.

How to invest in gold in today’s market

Here’s how to invest in gold

Are you currently wondering how to purchase gold? A lot of people want to invest, yet they don’t understand where to start. The simple truth is that there are many methods for investing in gold. Here are some of the most common ways to purchase gold, as well as the pros and cons for each and tips.

1. Physical gold

Undoubtedly, buying physical gold is one of the most common ways to spend money on gold. As for how to invest in gold, you need to understand a lot when buying physical gold. Here are a few:

How to do it

Acquiring psychic gold is actually easy as it is the best way as it sounds. You purchase gold items such as jewelry, coins, collectibles and almost all other things. The goal of most investors is usually to hold their psychic gold and then sell it to a gold trader or other buyer.

People have many options as to where they can buy physical gold. They can purchase them in a store or online. Whenever they find gold, they will need to keep it, keeping it until they are ready to sell it at a higher price. As gold prices rise, investors may consider selling their pieces.

Benefits

The first is that physical gold can be a tangible asset, and history shows that gold tends to increase over time. Very few investments are sensitive, and they are also more likely to rise in price, even if the economy is not doing too well. If you want a large investment that you can easily make, look while keeping your possessions, and look no further than investing in physical gold.

The second is physical gold that cannot be cracked or erased. Nowadays, people have countless assets in which they can invest, and they are usually online. You don’t need the Internet, electricity or anything like that to work with a piece of gold by hand. This is a truly illegal investment in terms of protection against hackers.

The third advantage of buying physical gold is that you just don’t need to be a professional. Conduct a quick study of the price tag on gold and then research the gold traders. Then you can find the gold items you want to keep and then sell them when you’re ready. It’s that simple.

Cons

First, buying mental gold can be expensive. Depending on where you purchase it, you can pay a commission fee. Even if you buy it from a private seller, you can argue how gold is likely to be expensive. If you spend a large amount of down payments not for you, you may want to think twice about buying gold, but usually gold is definitely worth the investment.

The second scam is the storage of gold. No matter what gold pieces you get, if you purchased them directly, you will keep them. You have to be careful with how it is stored, otherwise you are completely exposing gold to the risk of theft, damage and even loss.

Past major tricks, according to which physical gold, while preserving itself, will not interest. You have to secure the gold until you decide it’s a chance to sell it out. If you want to take a little interest in your gold products, then buying physical gold and storing it yourself is probably not the best option.

Tips

Buying physical gold is pretty simple. It’s also simple. Just make sure you need to do as much research as possible on gold traders before deciding what type to do business with, and be sure to study current gold prices because you need to try to find lucrative deals on gold. All of this can be seen as the joy of common sense, but trust us when we say it will come in handy when it comes to buying gold.

2. Futures on gold

Gold futures are contracts that have been standardized and are usually traded on certain exchanges. Gold futures allow investors to get a unique amount of gold (such as 100 troy ounces) at a price that has already been predetermined. However, the delivery will be revealed in the future.

How to buy gold futures

The first thing you need to do is open a brokerage account. You will find brokers who are specially able to trade futures, so choose a time when choosing. Next you can trade gold futures, and just the way it works, you have to make absolutely minimal money so you can open the situation. If the price goes in the right direction, you will make a profit, but you will get losses if it goes in the wrong direction.

Benefits

First, you just don’t have to store anything. As mentioned earlier, when buying physical gold you need to find a place to store it. With gold futures this is not a difficult task.

Second, with the future of gold remember smaller amounts. At the time of the transaction you will be asked to pay only a certain amount of cash. The rest pay as soon as the agreement is signed.

Another great thing – there is a lot of liquidity. In addition to this, however, you can trade for gold futures. This means that there is an opportunity to regularly produce and derive profits.

Cons

There are only a few downsides. One involves that there is a great risk of trading anything, and gold is no different. The default risk can leave the most experienced traders in the trenches.

In addition, gold prices can fluctuate significantly daily. Buying money is easy, but you can easily lose it. Remember that the price of gold can be attractive at the time of signing the agreement, but they can go down once the delivery is made.

A third of fraud is a fluctuation from the market. One day the markets may be good and the next they may collapse. In the shortest possible time a stage may come as soon as the markets will not move much.

Tips

As for the advice, it’s all about opening a trading account with a great broker. You can find dozens and many brokerage accounts, so compare as many as possible. Find one that will give you good advice on trading gold futures, not one that does not charge a number of fees. The more brokers you compare, the more effective.

Also, research gold prices for a few weeks before making gold investments through futures. If prices seem stable, then go ahead. If there are too many volatile changes in the markets for a few weeks, try to wait until things are more stable.

3. Gold ETF

Gold ETFs are a fantastic replacement for gold futures. You will not own contracts, on the contrary, you will buy shares of any ETF. In turn, you will be open to gold, so they can be called gold ETFs.

How to do it

You can get a brokerage account from a broker that allows you to trade ETFs with gold. Then you will be able to choose the gold item you want to purchase. It’s like elementary.

Pros

One of the best reasons for gold ETFs – it can act as a hedge against inflation. This is usually true with a lot of gold-based investment. If you own gold ETFs, they are used to protect your assets from inflation and currency fluctuations. Gold is definitely a safe investment, and if you buy the right ETFs, then you will do yourself a great favor.

Second, trading a gold ETF is very simple. You will only need to invest in one unit of gold, that is, relative to a gram of gold in weight. Alternatively, you can trade ETFs with your ETF fund manager or even your stock broker.

The third advantage is that you can take a look at the exchange and find out how much gold is sold. This can be done at any time. If you think the prices are high, then buy something, otherwise you will be able to hold on until the prices become more attractive.

Another advantage may be the tax side. The only taxes you spend are short-term or long-term capital gains tax. Long-term – is gold that is stored for any year and longer, and short-term – up to a year.

Cons

One downside is the fact that ETFs can be expensive. In fact they may be more expensive than other types of investments, but often they are more profitable. It is your decision to decide whether to purchase gold ETFs. This is actually the only major trick associated with buying gold ETFs.

Tips

If you can, consider investing large amounts of capital or get into the habit of trading regularly. The reason is that ETFs tend to be more profitable than other types of gold investments. Basically you can build a lot if you are willing to trade regularly or invest large sums of money.

Another useful tip is to usually never choose a fund manager or product ETF because the fee is one. Do a little research to find out exactly what the show has looked like over the last few years. If all goes well, choose this fund, otherwise keep looking for another fund manager.

4. Purchase of gold mining enterprises

This may be the best way it may sound. It is required to acquire a mining business that mines gold. You accidentally buy shares in gold mining companies.

How to do it

You can get a stockbroker or investment firm. They can take your funds and invest them in your chosen gold companies. Another way to do this is to join an online stock trading platform and spend money on gold companies that are listed on that platform. You buy a certain number of shares and then sell them when you make a profit.

Pros

First, buying shares in gold mining companies is simple and therefore selling them. All you do is buy the number of shares you need and then sell them when you’re ready. In addition, you can invest in multiple companies and increase your chances of making a profit often.

Second, retail price fluctuations can be huge, but they usually take some time. If you are patient, you can definitely sell when these swings happen. Remember, in case the company succeeds and everything is done correctly, their stocks can certainly rise in price if the price of gold is also high, as a result you can do it adequately.

Third, buying stocks is convenient for beginners. It doesn’t take a lot of knowledge to shell out, however some research by gold mining companies is usually required. Just do a lot of research of several companies and find out what financial reputation they already have before investing in them.

Cons

The risk is high because gold mining companies carry a lot of risks that can lead to a decline in their reserves, whether or not the price of gold is high. Also, remember that gold miners are putting themselves in danger, and the things they usually do can also affect a company’s stock price. Investing in gold mining companies is just as risky as buying almost all other types of stocks.

Tips

Remember only one really definite tip. You need to research different stock trading platforms and make sure the ones you use have stocks of gold mining companies. And even better – to explore gold mining companies and create their set to search for stock trading platforms. Then you could find out if these platforms offer shares of these companies.

That is how to spend money on gold. As you can see, you can find advantages and disadvantages in any form of investing method, so you can consider all the different investment methods. Then you can definitely choose which technique to try.

Public organization of gold mining

The organization of mining varies depending on the type of gold deposit. While alluvial (placer) gold it could work individually or in small groups, washing, penetrating or on the surface mining of shallow pits, ice (reef) gold requires deep shaft mining. When a gold deposit forms an underground “mat,” the surface above the deposit is punctured by narrow tubular trunks that can branch into underground galleries. When a gold deposit takes the form of a linear vein, tubular or rectangular shafts along the vein eventually merge and form one large open pit. In some gold mines of Burkina the vertical shafts reach depths over 100 m.

Claims in non-industrial gold mines are not usually established in writing. The claim is simply calculated on a first-come, first-served basis. If someone wants to claim a certain place right after opening, he or she may have to literally sit on it until a friend or partner brings the tools for his or her work. Once individual parcels are excavated by about one meter, ownership is usually recognized. If there is a dispute over one pit, the case is brought before any authority – the police or gendarmerie, elected representative of gold diggers or those who are recognized as mediators of both parties, such as a senior, experienced gold digger. At first the individual pits are separated by a wall; later conflicts often arise when someone begins to remove this wall from their side of the pit and encroaches on what the neighbor considers their part. Outbreaks of violence can occur at all stages of the production cycle, but if the mine stays there for several weeks, institutions or mechanisms for conflict resolution will be adopted.

The owner of the mine can manage it himself, or, if he does not have enough funds, rent it to a friend for a while. This may be a one-week interim agreement, called a tour only, which confirms the links between the mining entrepreneurs. The landlord or landlord hires a team of workers who work on the claim during day and night shifts. Depending on the type of field and the size of the pit, the crew can be up to thirty or more workers. Each crew consists of unskilled and skilled workers. There is no formal training, but one who eventually becomes a professional gold miner usually starts with unskilled work. If he is very young and not yet physically ready for harder work, this may include bringing food to the workplace.

It can then move up the stairs in time, performing different actions on the same mines: digging groundwater out of the mine containers, cutting wood for support beams, removing earth and gravel outside the pit or working in the pit with a sledgehammer, pickaxe or chisel. If he is ultimately both skilled and reliable, he can become one of the few team members tasked with mining the most valuable pieces of ore. With the rare exception of some women who dress and behave like men, women do not usually work in mines.

In Burkina Faso, French terms are used for team members, including pit owner’s patron, airport tenant, chef group supervisor, commission commissioner, skilled miners-tapers, unskilled mine workers, wood section handlers, wardrobe guards. and a place to store ore, and one who brings food porteur de repas (usually a boy or a woman). In addition to the core team there are blast workers or blacksmiths and others who provide on-site services.

The employer is responsible for food, clothing, housing and, in the event of an accident, illness – treatment. It can also provide alcoholic beverages and cigarettes. Until the gold of hearing is reached, which can take weeks or even months, gold diggers do not receive a salary. Once the pit starts “mining,” they will get a share of the ore. After accumulating a certain amount of ore the employer gets half, and the crew is left to share the other half. Most of their pit owners claim for themselves the most valuable pieces of ore, citing the overhead of operating the mine to justify their larger share.

Gold miners can sell their share of ore on site to professional ore buyers, or allow it to process and sell the resulting amount of gold. Most gold miners store neither ore nor gold. This is partly due to the need for cash, partly to avoid theft. People from neighboring villages, who work in mining camps as part-time workers, grind, grind and wash ore in the fenced area, complete. Although it is ethically prohibited, mercury is used to fuse gold dust. The resulting gold is sold to licensed gold traders, who in turn sell it to CBMP or another marketing company. In order to attract and retain customers, gold traders give out mercury free of charge or give credit to newcomers to the mine, who are then obliged to sell them their gold. However, part of the gold is also sold to black market traders. These black market traders either come from outside or are the same official gold traders who engage in this illegal activity at night. Black market traders acquire customers either directly to the prospector or through third parties who introduce them to potential customers. Often these third parties are the women who run the kiosks where the ore is processed. Usually these women are very well informed about the production of individual mines and they are familiar with both gold diggers and gold traders.

Making an amazing decision to invest in gold?

Invest in gold?

I have many friends and clients who have recently asked me about whether to invest in gold. Before we turn to this question, let’s talk about GOLD. For millennia, gold has been a barometer of financial health and ultimate value. It has long been considered the ultimate contribution to safe haven when all else fails, especially after the credit crunch and global recession.

So now that gold has made a second big swing – shooting from $ 600 an ounce to $ 900 an ounce after breaking the $ 1,000 plateau last year, is “yellow metal” still a smart investment, or is it already an invested investment with?

Before we can answer the above question, let’s look at “GOLD 101”; the supply and demand of gold, which in turn determines its price. Speaking of the price of gold, here’s an interesting fact about the price of gold

The price of gold is there

$ 252.80 July 20, 1999

$ 255.95 April 2, 2001 (where the bull started)

$ 1,011.25 March 17, 2008 (mileage peak)

$ 692.50 October 24, 2008 (price due to the credit crunch)

$ 930.00 on January 31, 2009

$ 881.00 as I write this article …

If you noticed a sharp drop in gold prices over a short period of 6 months from the peak in March 2008 to the valley in October 2008, it is clear that a huge drop in prices occurred as a result of the credit crunch as a result of gold investor withdrawals among falls in all others asset classes.

If we consider gold compared to other commodities, I would find it safer because it moves independently. Gold is the only commodity with a positive increase compared to other commodities in 2008.

There are many factors that affect the supply and demand of gold. Examples are US dollar prices, political risks, inflation, new gold discoveries, etc. Honestly, there is no single factor that could determine demand and gold in general.

According to the World Gold Council, the demand for gold in 2003-2007 is broken down as follows:

Jewelry – 68% (2008 – 59%)

Use in industry – 13% (2008 – 11%)

Investments – 19% (2008 – 30%)

The gold offer is as follows:

Processed gold – 25%

Mining – 60%

Net sales of the Central Bank – 14%

It should be noted that the net sale of the central bank by supply was quite constant after the incident in 1999, when the UK bank sold 400 tons of gold, which caused a fall in gold prices in the same year. Since then, to prevent such a sharp drop in gold prices, most central banks have signed an agreement not to sell more than 400 tons of gold at a time. The current agreement of all central banks does not provide for the sale of more than 500 tons of gold on the market, except for the central bank of the United Kingdom. Currently, all European central banks have 60% gold reserves, except the UK only 40% after a big sell-off in 1999, which he probably regretted for many years …

If we talk about the jewelry side of the demand for gold, there is no doubt that India is the highest, followed by the United States (but in recent years it has fallen), and then China (over the past 5 years, demand for jewelry in China has doubled)

Demand for gold for industrial use over the years has been fairly consistent, although it is expected to decline slightly amid the global recession.

It is worth noting the surge in demand for gold from investments. 30% of total gold demand in 2008 compared to only about 19% in previous years. I believe that these figures will continue to grow in 2009.

By switching our focus to supply factors, people who sell gold will always be found when the price starts to rise. The percentage of processed gold as a supply tends to increase as gold prices rise.

The good news is that gold mining is declining, and this accounts for 60% of gold worldwide. In recent years, there are no new discoveries, because then the price of gold is low, and gold mining is expensive. The bad news about this supply factor is that as gold prices continue to accelerate, businessmen are stepping up to start mining gold again and thus increasing the supply of gold as new mines open.

Net sales of gold at the central bank over the past few years have been fairly consistent, with the U.S. currently holding about $ 252 billion in gold reserves

This brings us back to the big question, “Should I invest in gold?”

From the above analysis, it is clear that the price of gold will rise as investment demand for it increases in 2009. Counteraction to the price of gold will arise as a result of increased recycled gold and new subsequent ventures.

As the US dollar may depreciate in the long run, as mentioned in my second blog, and inflation will rise in the future, gold could become a good hedge against the US dollar.

Therefore, gold is a necessary component of almost any portfolio. The problem is that the iShares SPDR Gold Trust ETF has already amassed more gold than the rich countries of Switzerland and China. This means that any transition of the mass of investors to leaving the metal will have a huge reduction effect on it.

But knowing this important technical risk, I would still be willing to invest if gold returned to $ 750 an ounce. From there, I would continue to build a prudent position that would not exceed 10% of my portfolio, as we should see a price spike as soon as inflation starts to manifest in 12 months and 18 months. As inflation rises, be prepared to sell gold at prices above 1,000 marks.

I hope you enjoy this discussion.

Let’s talk again and you have a fantastic week ahead!

Sincere gratitude

Philip Chua, ChFC CFP FChFP

IARFC AMC B.BUS (Hons)

http://www.philipchua.com – a place to master wealth

Twitter me @phichua.

5 ways to trade gold

How is gold traded? Financial markets offer investors a platform to trade using multiple financial products.

Gold is a fast commodity in the market because of its price volatility; usually felt after a period of relative consolidation and price stability and the reaction of securities markets to the US dollar.

Here are 5 ways to trade gold for investors.

  1. ETF

Gold exchange-traded funds (ETFs) allow investors to trade gold without physically processing bullion. Gold EFT tracks the effectiveness of spot gold prices according to various market indices and thus provides investors with the opportunity to own gold without using it as leverage. EFT’s passive management method ensures that investors ’gold stocks are always valued at an optimal market level in conjunction with various market indices. However, virtual gold traded by EFT is supported by physical gold assets shared by investors.

  1. Miner’s unit stocks

Investors can buy shares in gold mining companies in speculation on dividends at the expense of gains from rising gold prices or short-term trading opportunities. However, gold reserves, including smaller ones, are risky because their effectiveness depends on both the domestic market and spot gold prices. This gives the investment a leverage of 3 to 1 on both sides of the investment. Traders may be intimidated by either the spot price of gold or domestic factors, making investments volatile and thus suitable for investors with a high risk tolerance.

  1. Physical gold bars

Unlike EFT, traditional gold trading involves buying and selling gold coins, bullion and jewelry and storing them in a safe at home or in a piggy bank. The physical stock of gold acts as a currency hedge or an alternative source of cash that offers high liquidity. An investor may alternatively purchase physical gold in markets and resell in retail stores as ingots, coins or accessories after adding value. The trader places a mark-up on the product depending on the cost and sentimental value of the gold items.

  1. ETN

Gold traded on the stock exchange (ETN) – a loan that the investor distributes to the bank, tracking them on certain indices. Upon redemption, the investor receives the equivalent of the index in the form of gold. This approach does not guarantee the investor a positive return, and therefore it is risky because it lacks a fundamental guarantee. However, the flexibility of ETN allows an investor to develop a gold trading strategy as a long-term, short-term or pursue a mixed strategy.

  1. Closed funds

These funds provide investors with a less risky opportunity to invest and trade in gold. Closed-end funds specializing in gold trading have a portfolio of gold allowances if traders choose to trade at a premium or at a discount. Closed-end funds select companies that are conservative, efficient, and reliable, and therefore provide a less risky investment opportunity.

What is the gold standard and its 3 different types

Many countries define the gold standard as a monetary system in which the currency used is based on a fixed amount (Au). In this monetary system, cash and bank deposits can be exchanged for gold and determine the price. So far, there are 3 common types of standards, and they have been practiced since the 1700s. They are known as gold species, gold bars and gold exchange. To learn a little more about these three different standards, below is a brief explanation:

1. The golden species. In this particular version of the gold standard, the currency unit has a direct relationship with the circulation of gold coins. In other words, the unit of currency is related to the unit of value of each different gold coin. A secondary coin with a lower value than gold also uses the same rules. The presence of the gold standard was discovered in the era of medieval empires. The Byzantine (Greek) and British West Indies are some examples of the gold standard. However, this type of standard is more of an application system because it is not formally established. He comes from Spain and is known as the shepherd. In 1873, the U.S. legally adopted the system, and the American Golden Eagle is used as a unit.

2. Gold Exchange. This particular gold standard only provides for the circulation of coins whose value is less than gold, such as silver. Authorities typically introduce a fixed gold exchange rate for countries that use the gold standard. Many countries have chosen to peg their currency units to the gold standard in the US and the UK. For example, the Japanese, Mexicans and Filipinos choose to exchange silver for US dollars at a price of $ 0.50 per unit.

3. Gold bar. This type of gold standard sells gold bars at fixed prices based on demand. This method of trade was first conducted by the British Parliament in 1925, as a result of which the abolition of the standard for gold specificity occurred. In 1931, the British government decided to temporarily ban gold bullion to stop the excessive flow of gold across the Atlantic. In the same year the gold standard came to an end.

The use of the gold standard has brought several benefits. One is that the power that determines the emergence of inflation in the country is not fully transferred to the government. In other words, you can curb inflation by preventing the government from issuing excess paper currency. At the same time, gold and silver exchange rates will develop a fixed pattern in which global economic uncertainty can be reduced on a large scale. However, as with many other monetary systems, gold bars have their drawbacks. It is assumed that it may not be able to stabilize the economy during a depressed financial situation, as it may lead to ineffective monetary policy. Belief makes sense, and many economists fear that their theory will come true. In the gold standard, availability (Au) is the only factor that determines the availability of money.

Do you know when to sell gold and silver?

The ancient questions that many people ask themselves and us are, “When should I sell?”, Or “Now is the time to sell?” As you might have guessed, none of these questions have a simple answer.

In the general picture it is necessary to understand comprehensive market cycles:

3 stages of this metal market:

The first phase (stealth phase)

Smart money starts coming in when no one else sees the changes coming. These people are promising type. They are ready to act according to what they believe. They see ahead. They are not part of the crowd. This minority is the instigator of change. The crowd never initiates; they go only because the minority first incited!

Phase Two (Worry Wall Phase – Current Phase)

This is followed by institutional money such as banks, insurance companies, hedge funds, investment fund companies, etc. Also from here arise those companies and individuals that started in the first phase and have now become much larger. Companies are currently undergoing marketing for the mainstream crowd. Also, it is widely said that the market bubbles. Investors and bydliners are trying to determine whether they should buy, when they should buy, whether they should sell, whether it is not too late, etc. Worry everywhere!

Phase three (mania phase)

Now even solid bears have become believers. Everyone is talking about this sector, including Joe the Middle, the former Naisier and the Newspaper Boy. Unscrupulous sellers come out of the tree. It seems that the market is not going anywhere, but only up. You literally can’t lose – and if you don’t log in now, you’ll be in the dust forever (sounds like Florida real estate and stock points.) This sector is the best reward time for those who started and didn’t help out in phase one or two.

There is nothing new

It has happened many times before.

In 1982, smart money was bought by the children’s sector of technology companies when no one else paid attention to it. Then large institutions and venture capitalists began to enter around 1989-1991, the majority still unknown. In 1995, the main crowd began to enter the technical arena, bringing the price of this sector to the moon.

In the technology sector, America for almost thirteen years did not realize that it was boiling and preparing for an explosion. By the time most people realized this, it was already able to, and only those who had been pre-posted realized the tremendous success.

The current market of precious metals, in which we are today, is no different. So far, the mainstream has not entered. However, it boils just below the surface, ready to explode – just waiting for the time to be right for the main crowd – and not a minute earlier. Just look around. Do friends and colleagues talk about gold the same way people talk about the technology sector in the 1990s?

The unfortunate truth

Those who helped out in the first phase or in the second phase will never know what could have happened if they had hung there. However, those who follow the course and hold on with confidence will reap the rewards of the efforts of the seeds already sown by those who came out long before that.

When you enter, stay, when you leave, stay away:

If you have made your decision, whatever it may be, stay there or stay away. This input and output destroys your potential for great profits and success.

Additional factors to consider:

When considering whether to sell your precious metals, key factors need to be considered. Here is a list to review:

1. How much gold and silver do you own as a percentage of your investment, specifically how much of each metal?

2. Are you overweight in either silver or gold and you need to sell one to balance your reserves or get more of another metal?

3. Do you need to liquidate to get immediate money for emergency or alternative needs? Note that we often lend money to our clients and they use their metals to secure the loan. If you just need a situation in the short term, we can help with that.

4. Where is the market now and where is it headed in the long run?

Then there are many who do not ask or have not yet asked these questions. Most of our clients acquire gold and silver as long-term “containment” investments, anticipating the need to hedge against future inflation as well as global and market instability. Many also believe that there is a chance that their metals may reach a useful period even before they consider selling them. They also acquire them for portfolio diversity and often do not want to lose the extra asset class that their metals provide by selling them.

Get the gold now

Most of us remember cowboy movies in which lonely despair acquires the bag of gold coins that everyone else wants. It’s a thankless task that doesn’t usually end well.

I vividly remember the final scene from Sergio Leone’s film Good, bad and uglyin which a long shot from Blandy’s rifle (Clint Eastwood) dissected the noose of the cat holding Tuko (Eli Wallach), and sent him face down into a pile of gold coins. It is still remembered even after I learned that it was filmed in the Spanish plateau of Burgos and not in the southwestern United States.

Also, reminding us that gold has always been a highly sought after commodity, Good, bad and ugly The multinational production process illustrates another key principle of the modern economy: people move a lot, making money.

And it creates a great opportunity for governments to take their greedy hands on your gold.

Journey with gold

Let’s start with a review of US regulations regarding the import and export of gold bars in the form of bars or coins:

Duties and gold coins, medals and ingots are not subject to duty, but these items must be declared by customs and border guards. Please note that at the time of receipt for monetary instruments over $ 10,000 you need to fill out a form FinCEN 105. This includes currency, ie gold coins, worth more than $ 10,000. FinCEN Currency Definition: Coins and paper money of the United States or any other country that (1) is designated as legal tender and (2) is circulating and (3) is generally accepted as a medium of exchange in the issuing country.

Note the specific definition of “currency” here. These rules only apply to gold coins that can be used as currency. Taking collectible (numismatic) coins outside the U.S., electronic export information (EEI) is required to be submitted to the Census Bureau, ostensibly to assist in the compilation of U.S. export and trade statistics. This form is actually required for any exported commodity, including gold, the value of which exceeds $ 2,500. There are similar rules for jewelry.

World acceleration of gold?

Most foreign countries have similar rules for the import and export of gold bars and collectible coins. These rules tend to keep a close eye on American rules, and as long as people follow them, there’s usually not much friction about international travel with precious metals.

Recently, however, I have heard reports that some foreign countries are starting to ask more questions and require additional searches when someone claims to be transporting gold or other precious metal coins. For example, some Latin American countries, including Argentina with a financial basket, are very interested in any unusual coins you carry, even if they are under restrictions and therefore not subject to declaration. Seeing them on an x-ray of your bag may be enough to trigger a search and interrogation.

Then there are more and more reports that many banks around the world are starting to make changes to their contracts to prevent customers from storing currency and precious metals in safes, or stating that they will not be held responsible for them when they are there. For example, Chase Bank recently launched a pilot program in Cleveland before deploying it nationally.

What’s going on? I believe that the U.S. government and other governments are beginning to introduce elements of a capital control system. We already know that the Foreign Account Tax Act (FATCA) creates the infrastructure to control capital in the banking sector. It remains cash and precious metals as the other two ways of physically transporting value. The transportation of large amounts of money is already strictly regulated, there is one more thing left – gold and other precious metals. It is by no means paranoid to think that the U.S. government is quietly working with other customs authorities to raise “awareness” about the gold mining problem.

The only problem is the government

Of course, traveling with gold is a “problem” that governments do. If they behaved responsibly, allowed economic processes to go their own way, rather than backing up big banks, and treated their citizens with respect, there would be no problems at all.

If you plan to export any gold or silver currency or collectible coins from the United States, why return them? – My advice is to contact the nearest US Customs and Border Protection office and explain what you plan to do. Ask them to explain in writing how you can comply with the law. You can provide a written response when questioned by CBP agents who may not know the rules. Also keep on hand any customs documents from other countries as well as proof of purchase or banknote.

Remember, traveling with gold is not illegal. No reason to end up like Tuco, who just wanted to get away with his gold.