Posts Tagged ‘gold platinum’

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Invest in Gold

gold eagle invest
CoinsBullions asked:

Gold is a metropolitan found the precious metal around the world. Gold is seen by many as a repository of value and safe haven for wealth in economic crisis. One of gold 'properties s important is psychological, because it is so closely associated with money. This gives him an advantage over other unlimited deposits defined wealth. The currencies of U.S. ingot dell'aquila provide investors with a convenient and profitable way to add a small amount of platinum, gold, silver or physical folders on their investment. Since their launch in 1986, gold, platinum and gold coin of American Silver Eagles have become the main currency of investment ingot. The U.S. currency's golden rod of Buffalo are the first .9999 gold coins of 24 carats of striking the U.S. mint and never offered for sale through a network of authorized buyers. The $ 50 gold coins will be available to members of the public seeking a simple and defined in its means and invest in 24-carat gold in the form of coins of legal tender currency in which to meet and purity is guaranteed by the U.S. Government . Gold has attracted investors throughout the centuries, proteggenti their wealth and providing a 'haven' safe in troubled or uncertain times. This appeal is coercive to modern investors. Although there are a number of other reasons for supporting the renewal of widespread investor interest in gold. The U.S. gold coins have been wanted by collectors for the possibility of enormous value especially if the currency is rare in good condition and is in demand on the rise. Sellers of the coin of the United States have set prices and the dollar amounts of value to many types of funds in the United States. The value is determined by four main factors. The scarcity or rarity is the main factor for the discovery of the value. More rare in the legal tender currency, the higher its value. Author bio-- the inventory of coins and ingots include many types of coins of gold ingot as American Eagles, the rod of coins and gold bars. In the future, coins and ingots will expand understanding of gift items and jewelry.

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PCGS WTC Coins Time Line

salut wtc

  • 11 September 2001, one of the worst days in American history next to the attack of Pearl Harbor December 7, 1941.
  • 11 September 2001, the New York State Quarter 9-11 Firefighters coins are made with the special flag inserts. The New York State Quarter 9-11 Firefighters coin project was started at the PCGS Collectors Universe Forum by PCGS authorized dealer Mitchell Spivac and members of the Collectors Universe Forum forum. 100 numbered coins were finally completed with the help of PCGS. The US Flag insert used with the coin was designed by Senior Vice President of PCGS Miles Standish. 100% of the proceeds are donated to the Uniformed Firefighters Association (UFA) Widows and Children’s Fund. The auction of the 100 coins (numbered 1 thought 100) raised well over $42,000 thousand dollars. 9-11 quarter full story
  • 1 November 2001 the workers at Ground Zero in New York reach the Iron Mountain Vault.
  • 1 November - 1 December 2001 Coins are sent to Collectors Universe for certification. Collectors Universe does not grade coins so the coins are only certified and sonically sealed as "Gem Uncirculated" The initial sale of these coins is advertised by only a few authorized dealers which state that a portion of the proceeds from the sale of these coins would be donated to the relief fund set up for the victims of September 11, 2001.
  • 1 December 2001, PCGS gets into the picture and starts grading coins from ground zero. The coins being holdered by PCGS receive the respective grade and then are sonically sealed with a bar coded certification number. On some of the coins, the bar code is hidden behind the PCGS hologram.
  • January 2002-June 2002, PCGS continues grading the different coin recovered as ordered by the “Originators” Coins encapsulated were gold, platinum, silver, copper etc. etc. Some coins were paired up in special sets with limited edition markings such as the 1 of 1000, 1 of 1140 etc. etc. Coins from approximately 10 different countries were recovered and authenticated, some with very low populations as stated on the certified holder.
  • January 2001- 2004, collectors start to include World Trade Center Recovered coin into their registry sets although they are not recognized as WTC pieces when the certification number is looked up in the PCGS data base.
  • January 2002 – Present, the controversy surrounding the WTC recovered coins has the numismatic community split up. Some collectors love the coins and consider them invaluable pieces of American history while others hate them with a passion and refer to them as "death coins".  In the meantime, the WTC coins continue to increase in value as other similar non WTC PCGS certified coins of the same year trade for considerable less.

One last we would like to mention is that these coins are not for everyone! We respect everyone else’s opinions, point of views and we hope that you do the same for everyone else too? If you are of the opinion that these coins should not be sold for a profit because of where they came from, that is your opinion and we respect it. However, to us, they are priceless and we will proudly display them for all to see no matter who buys or sells them.

“We Will Never Forget”

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Buried WTC gold returns to futures trade

gold_vault

A fortune in gold trapped for seven weeks in the ruins of the World Trade Center officially returned to the global bullion trade Friday, but dealers had already closed the book on the tale of tragedy and buried treasure.

"You could in theory say that if things had gone much worse since September 11 and there had been rampant demand or something like that, that it might have been a story that affected the price. But at this point, I don't think it really was," said a metals specialist at a large commodity brokerage.

The $230 million in precious metals has been moved from the basement vaults of ScotiaMocatta Depository at 4 WTC, where it was stored on behalf of the New York Mercantile Exchange when the September 11 attacks brought down the twin towers. All warehouse staff got out safely.

In a joint statement Friday, NYBOT and ScotiaMocatta, the metals trading division of Canada's Bank of Nova Scotia, said the metals had been relocated and were again available to guaranty delivery of futures contracts exchange traded at the COMEX metals division of the NYMEX.

"All of the silver, gold, platinum, and palladium stored in its vaults at 4 World Trade Center have been successfully relocated by an Exchange-approved carrier to a newly Exchange-licensed Brink's Inc depository in Brooklyn," they said.

Spurred by authorities who wanted to demolish the building, by the potential for crime, and by whatever has always driven men to hunt for gold, emergency crews dug through the rubble and got a first glimpse of the gleaming booty on Oct 30.

Guarded by a small army of heavily armed federal agents, city policemen and firefighters began the massive task of moving about 12 tonnes of gold and 30 million ounces of silver. The hoard was estimated to be worth at least $230 million.

There were about 3,800 100-Troy-ounce registered gold bars in the underground COMEX warehouse. While gold is very dense, the task of loading the indestructible yellow metal onto armoured Brinks trucks was not nearly as cumbersome as moving the silver.

Experts said it would take some 50 tractor trailers to transport 30,000 1,000-ounce silver bars.

On top of that, it is believed that other treasures were kept in the vaults, including additional precious metals, jewels and securities. But there has been no information on whether these valuables were there or recovered.

ScotiaMocatta has applied to establish a new exchange-licensed depository in New York for silver, gold, platinum and palladium. Upon approval, the metal being held in ScotiaMocatta's custodial account at Brinks will be relocated to this facility, they said.

The NYMEX has another warehouse in Manhattan, operated by HSBC Bank USA.

Despite initial concern among precious metals dealers, the temporary lack of access to the metal hardly caused a ripple in the markets. The buried gold amounted to about 2 per cent of the 600-tonne-a-day global bullion market.

The metal was insured and supply was available from facilities at refiners elsewhere in the United States, though some may have been remelted into the 100-ounce bars of 99.5 per cent pure gold to meet COMEX delivery specifications.

The exchange said it plans to rescind its emergency rules which allowed an individual or firm taking delivery of metal under the terms of a futures contract to reject a warrant -- a document giving title -- for metal on deposit at the buried ScotiaMocatta vault.

http://www.rediff.com/money/2001/nov/17wtc.htm

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