Facts on Gold from Sarasota Rare Coin Gallery

Gold is one of the earliest and rarest metals know to man.  Even back in prehistoric times gold was used as money and highly valued.  Although gold is rare, it has been discovered on every single continent in the world.  Just exactly how rare is the precious metal gold?  A person would have a better chance of finding a five-caret diamond than unearthing a one-ounce gold nugget.  The biggest gold nugget ever discovered in the United States came from California and weighed in at a whopping 195 pounds!

When people think of gold they mostly associate it with jewelry.  While gold is considered to be the most prominent metals in the fabrication of jewelry, it has several other uses.  One of gold's prevalent roles is its use as coinage.  It can also be used in applications for dental work, plating, and reflectors.  Gold is edible and can be consumed.  People have been placing gold leaf in liquor and routinely using it as a garnish in meals for at least 500 years or so.  Some arthritis sufferers employ gold as a treatment option, and astoundingly it works with a seventy percent success rate!

Gold is a commodity that has several purposes and uses. Gold is inactive chemically. This means that it is not affected by variables such as moisture, heat, air, or regular solvents.  Modern science has engineered gold so that it is utilized in the construction of astronaut helmets and window glass on space shuttles.  It is used for this application because gold has the ability to stay cool and reflect infrared rays while permitting sunlight to still pass all the way through.

For any questions or specific information please contact us or call Sarasota Rare Coin Gallery at 941-366-2191.  Please visit our website and check out our upcoming events!  Our friendly and professional staff proudly service the Sarasota/Bradenton area.  You can shop from the convenience of your own home with our online gallery!

Special Savings with up to 50% off!

Act fast on our featured products and save big!  We are now offering special savings that can save you up to 50% off on some of our products.  If those huge savings aren't enough for you than check out Kent's Daily Special!  Everyday is a chance to save even more with a new offer presented at the start of the new day.  These items can be very limited and are available on a first come, first serve basis only.  Don't miss out or delay a second.

For any questions or specific information, please call Sarasota Rare Coin Gallery at (941) 366-2191 and please ask to speak with Kent.  We are a complete full service coin dealer and offer bullion, rare coins, modern coins, sets, ancients and paper money.  We pride ourselves on our confidential sales and service, our auction representation, and our want lists!  *While most of our inventory is available online, bullion transactions are not available through online payments.  Due to the nature of bullion transactions we do not permit credit cards either.*  For a list of our upcoming events click here!

Who's Buying All The Gold?

Who is buying up the most amount of gold in 2011?  The answer might genuinely surprise you.  The source for this answer comes from statistics collected and prepared by the World Gold Council.  The World Gold Council claims that central banks have bought more gold in the first half of 2011 than all the gold purchased for central banks in the whole year of 2010.

The principal influence of this fiery trend is the emerging market banks are a chief buyer.  Mexico also acquired a massive amount of gold in the second quarter of 2011.  The exact amount purchased by Mexico is believed to be a 100-tonne gold reserve acquisition.

Many people continue to argue if gold prices and values will keep rising.  Since their is such a worldwide demand for the commodity of gold, most people believe this current upswing will continue.  The fact that gold has had such a positive performance in the past leads many to have confidence that gold does have a role as a unique asset class.

Stock Market Falling, Gold Prices Rising

The current condition of the economic state in America is disturbing and alarming.  Before, not many people were concerned with our national deficit besides politicians.  Now it seems that not only are people interested, but everyone has something to say about the debt crisis.  With the worlds eyes turned firmly on the United States, the discouraging reality of its financial affair was seen and commented on by all.  Of course the harshest critics were the newspapers and media.  Their prediction was that gold prices would fall drastically fast, but that stock prices would gain rapidly.  They claimed that these predictions would come to pass after Congress settled on an increase to the nation's deficient.

To many people's surprise, the projection from the newspapers and media turned out to be completely wrong.  Not only were their expectations wrong, but the contrary actually happened.  Gold prices rose and the stock market prices began falling!  For specific information, please fell free to visit our website SarasotaCoin.com and fill out a contact form or call us!