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A family of treasure hunters recently uncovered a literal gold mine, discovering $350,000 worth of gold in a sunken Spanish ship off the coast of Florida. It is the stuff of pirate movies and buried-treasure legends come true--after decades of scouring the “Treasure Coast,” the Schmitt family had become accustomed to mostly uncovering the usual [...]
As the price of gold broke the pivotal $1,400 psychological barrier on Monday, the market is primed to move into bull-market territory for the first time in months. The precious metal is up about 19% from June, and it need only reach 20% to enter the bull market. Characterized by confidence in the market and [...]
If you follow the gold market, you’ll have noticed that its price lately has been anything but stable and that its price over the past two years has been decidedly, uncharacteristically, low. Some speculators have identified the slump as the popping of a so-called gold bubble. But in a five-part series on gold for Forbes, [...]
White gold and platinum are two common settings for wedding and engagement rings, and while their coloring is similar, the two metals have very distinct characteristics that make them far from interchangeable. In order to help consumers make more informed decisions, Ira Weissman, founder of TruthAboutDiamonds.com, recently outlined some of the advantages and disadvantages of [...]
by Amber Zhai Some Wall Street analysts are calling it the end of the golden age…of gold. The recent decline in the price of gold—down 17 percent only two years after it hit its nominal peak—has caught gold bugs and small gold investors off-guard. In the face of the recent financial crisis (when it seemed [...]
Despite the fact that President Richard Nixon unceremoniously and unilaterally moved the United States away from the gold standard in 1971, murmurs of returning to it have never quite died down. A committee was formed to reevaluate the situation as early as 1981, and members of the Republican party have proposed moving back toward a [...]
by Amber Zhai photo by Shiny Things | Flickr.com According to a new study in Nature Geoscience, earthquakes turn fluid-filled rock fractures in the earth’s surface called faults into potentially bountiful gold deposits—once again proving that there is no greater alchemist than Mother Nature herself. It is well-known that much of the world’s [...]
by Alex Francis If you are in possession of any gold earrings, necklaces, bracelets, or even bars, you may want to start taking stock. Jason Notte raised an interesting question on MSN’s moneyNOW last week: If you could collect all of the mined gold in the world into a single pile, how big would it [...]
by Alex Francis photo by: Mark Herpel | Flickr.com Hand-made, electroplated, 24-karat—we see these terms all the time in relation to gold. They find their way into advertisements, product descriptions, and even casual conversations. But have you ever taken the time to figure out what any of them really mean? It turns out [...]