Showing posts with label Gold. Show all posts
Showing posts with label Gold. Show all posts


No Cash? No Problem.

Your Visa card is so much more than an ATM card – it’s your key to safe, convenient payments – every day, everywhere.
Visa cards are widely accepted at merchants across Egypt and abroad. It’s not only for expensive, high-value purchases but also for your every day spending:
·         Grocery shopping
·         In the pharmacy
·         Mobile bill payment
·         Your morning coffee
·         Lunch-time take-away
·         Online shopping and much more

Wave goodbye to cash!
Here’s the plus side. Visa has much more to offer you than cash!
·         Convenience
You no longer have to waste time standing in ATM queues. Simply pay with your Visa card at the till or check out point – it’s as quick as keying in your PIN and waiting for the approval
·         Security

A Visa card is far safer than carrying cash around. If your Visa card gets lost or stolen, you can immediately report it with Visa or your bank and have the card blocked. Visa also monitors and detects suspicious and fraudulent transactions on your account.
Learn more on how to keep your cardsafe!
·         Money Management
You will have a record of all your transactions and payments on your bank statement, which will show the merchant’s name and transaction amount - allowing you to keep track of your spending and stay on target with your budget. Your Visa card offers you the ability to control your budget and manage your money.
So don’t delay. Make the change to paying conveniently, easily and safely, today – every day and everywhere.
·         Name drop what your Visa card can shop to win!
This shopping challenge, should you choose to accept it, requires lots of speed and heaps of imagination. Want to know what we have in store for our Visa cardholders in Egypt? Then wave boredom goodbye and follow the fun all the way to our social media channels.

There are two ways to win a US$1,000 Visa Gift Card:

Between 6th – 13th May

Use the hashtag #cash2card to tweet about the everyday items you can buy with your Visa Card on twitter (as many as you can fit in 140 characters). Don’t forget to tag @visamiddleeast

Between 13th May – 5th June

Film yourself naming items you can purchase with your Visa Card (as many as you can say in 15 seconds). Upload your video on Twitter, Facebook or Instagram channels using the hashtag #cash2card for a chance to win. Don’t forget to tag @visamiddleeast and set your post settings to public so that everyone can see what you can buy.
Cash, be gone!

Click here for terms and conditions
Your Visa card offers you more than money!
Benefit from an array of exclusive offers that only Visa can bring you!



Gold in 2009

Gold in 2009 aims to help you judge the risks and potential rewards of investing in gold today. This outlook is provided, free, by the world's No.1 private gold ownership service, BullionVault.

Why? Because we're certain that – whatever the outlook – the No.1 problem facing would-be gold investors in 2009 will be a lack of serious, in-depth information. Unlike the stock market or real estate, for instance, gold investing will be rarely featured by the mainstream media in 2009. When it does make an appearance, expect hype and a lack of understanding to cloud the outlook.

Gold in 2009 doesn't pretend to see the future, but it might just help you make a considered decision about investing in gold or not for yourself. And once you've made that choice, you may like to try out investing at BullionVault for yourself, starting with a free gram of gold.


Gold prices fell

Gold prices fell for the futures contract in New York more than 5 per cent on Thursday to break the level of $ 840 an ounce (Profile, Research) by a sharp rise of the dollar against the euro and with the demand of investors to sell for cash to cover their losses amid a sharp decline in U.S. stocks. It fell for December delivery contracts (December) 48.8, or 5.5 per cent to 838.5 dollars an ounce on the COMEX market.
And other precious metals fell sharply as well, and silver prices fell for the December contract (December) the next $ 1.33 or 10.9 per cent to 11.44 dollars a troy ounce, while platinum prices fell in January contracts (January) 48.1, or 4.6 per cent to 995 dollars.
Oil prices fell U.S. futures contract more than four dollars in morning trading on the New York Mercantile Exchange on Thursday negatively affected by the rise of the dollar and fears of a downturn in demand in the sluggish economy after the U.S. government announced a substantial increase in natural gas inventories last week. The U.S. light crude fell for November delivery contracts (November) 4.4 dollars to 94.13 dollars per barrel. The highest level of crude to $ 100.37 and a low level of 95.42 dollars per barrel.
In London, Brent crude 4.14 dollars to 91.19 dollars per barrel.

Following are more details:

Oil prices fell U.S. futures contract more than four dollars in trading in New York Mercantile Exchange yesterday adversely affected by the rise of the dollar and fears of a downturn in demand in the sluggish economy after the U.S. government announced a substantial increase in natural gas inventories last week. And oil prices also received pressure from the dollar, which rose against some currencies.
The U.S. light crude fell for November delivery contracts (November) the next 4.4 dollars per barrel in London, Brent crude 4.14 dollars to 91.19 dollars per barrel.
The U.S. gasoline reserves rose abruptly about 900 thousand barrels to 179.6 million barrels, while experts predicted quantities of gasoline fell by 1.6 million barrels. On the other hand, reserves dwindled heating oil and diesel by 2.3 million barrels to 123.1 million barrels, as estimated by experts to decline 1.2 million barrels. The experts ruled out the Bank Komrts Bank of Germany continued decline in oil prices in light of positive indicators on the approval of the plan to save American financial markets.
In Vienna, announced the Secretariat of the Organization of Petroleum Exporting Countries "OPEC" yesterday that the average price of a barrel of crude produced by Member States recorded
Wednesday down $ 89.99 to $ 33 cents on the closing price on Tuesday.


gold Price

Main articles: Gold as an investment and Gold standard

LBMA USD morning price fixings ($US per troy ounce) since 2001
Gold price per ounce in USD since 1968, in actual US$ and 2006 US$Like other precious metals, gold is measured by troy weight and by grams. When it is alloyed with other metals the term carat or karat is used to indicate the amount of gold present, with 24 karats being pure gold and lower ratings proportionally less. The purity of a gold bar can also be expressed as a decimal figure ranging from 0 to 1, known as the millesimal fineness, such as 0.995 being very pure.

The price of gold is determined on the open market, but a procedure known as the Gold Fixing in London, originating in September 1919, provides a daily benchmark figure to the industry. The afternoon fixing appeared in 1968 to fix a price when US markets are open.

The high price of gold is due to its rarity. Only three parts out of every billion (0.000000003) in the Earth's crust is gold.

Historically gold was used to back currency; in an economic system known as the gold standard, a certain weight of gold was given the name of a unit of currency. For a long period, the United States government set the value of the US dollar so that one troy ounce was equal to $20.67 ($664.56/kg), but in 1934 the dollar was revalued to $35.00 per troy ounce ($1125.27/kg). By 1961 it was becoming hard to maintain this price, and a pool of US and European banks agreed to manipulate the market to prevent further currency devaluation against increased gold demand.

On March 17, 1968, economic circumstances caused the collapse of the gold pool, and a two-tiered pricing scheme was established whereby gold was still used to settle international accounts at the old $35.00 per troy ounce ($1.13/g) but the price of gold on the private market was allowed to fluctuate; this two-tiered pricing system was abandoned in 1975 when the price of gold was left to find its free-market level. Central banks still hold historical gold reserves as a store of value although the level has generally been declining. The largest gold depository in the world is that of the U.S. Federal Reserve Bank in New York, which holds about 3%[citation needed] of the gold ever mined, as does the similarly-laden U.S. Bullion Depository at Fort Knox.

In 2005 the World Gold Council estimated total global gold supply to be 3,859 tonnes and demand to be 3,754 tonnes, giving a surplus of 105 tonnes
From Wikipedia

2008 Year of the Mouse Gold Proof Coin Issue

The Perth Mint have just issued the Australian Lunar Series II 2008 Year of the Mouse Gold Proof Coin Issue from Series II.

These first proof Issue gold coins celebrate the Chinese Lunar Year of the Mouse.

The proof quality is 99.99 percent and the 2008 dated coins are stuck in one ounce, one quarter ounce and one tenth ounce gold coins of 99.99 percent proof quality.

The Mouse Design is on the reverse of each coin and depicts a mouse crouching on a bed of stones with chilli peppers clustered in the background. As well as the inscription 'Year of the Mouse' and the Chinese character for 'mouse', the design also incorporates The Perth Mint's 'P' mintmark.

A prestigious new feature is the larger diameter of each coin, providing extra space for the enchanting artistry of Series II.

As with all the Perth Mint gold coins, this one is issued as legal tender under the Australian Currency Act of 1965 with each coin featuring the Ian Rank-Broadley effigy of Her Majesty Queen Elizabeth II on the obverse.

There is a limited mintage with only:

3,000 individual 1oz coins
5,000 individual 1/4oz coins
5,000 individual 1/10oz coins
3,000 Three-Coin Sets (1oz, 1/4oz, 1/10oz)

A numbered Certificate of Authenticity accompanies each individual coin and Three-Coin Set.

The Gold Proof Lunar Series II coins are housed in elegant oval-shaped display cases with each case featuring a granite-like base and a glossy timber-effect lid. It comes in an illustrated coloured shipper depicting two mice.

As well as being a great collectors item to proof quality gold coin collectors, the 2008 Year of the Mouse Gold Proof Coin Issue will make great gifts for people born in any year 'ruled' by the Chinese Lunar

Gold Sovereigns Celebrating 200 Years of Fine Tradition

To celebrate 200 years of fine tradition of gold sovereigns, the British Royal Mint has issued an impressive two-coin set comprising two magnificent gold sovereigns dated 1948 and 2008

Each coin depicts Benedetto Pistrucci's classic 'St George slaying the dragon' design featured on the reverse.

Product Information
According to the Mint, the 2008 Gold Proof Sovereign depicts St George and the dragon in frosted relief on the reverse. The design stands proud of the brilliant mirror finish achieved by meticulous hand polishing of the die using fine diamond paste.

The obverse carries the familiar portrait of Her Majesty The Queen by Ian Rank-Broadley FRBS.

The 1948 Gold Sovereign depicts St George and the dragon on the reverse and is guaranteed to be in very fine condition. The obverse bears the young effigy of the Queen by Mary Gillick.

Housed in a luxurious walnut veneer presentation case, the coins are accompanied by an individually numbered Certificate of Authenticity, signed by the Chief Executive of the Royal Mint.

The sovereign was first struck in 1489 on orders of Henry the VII but minting was halted just after James I ascended to the throne in 1603. It was over 200 years before sovereigns were once again struck, this time in the reign of George III in 1817.

It was George Wellesley Pole, Master of the British Royal Mint, who commissioned his protégé, Benedetto Pistrucci, to create the striking image of St George and the dragon. Pistrucci based his design on the legends of classical antiquity, to create a lasting image of courage, virtue and determination.

George Goschen, the then Chancellor of the Exchequer, proudly stated in April 1890, "Nothing, in my opinion, is more handsome than the St George and Dragon."

The US government regularly give their troops gold sovereigns as emergency money in the eventuality they are stranded in a foreign land.

Alloy: 22 Carat Gold
Weight: 7.99 gms
Diameter: 22.05 mm
Designer: (Reverse) Benedetto Pistrucci
Designer: (Obverse) Ian Rank-Broadley FRBS
Code: SOV0850
Cost: £395.00 or approx 780 USD. (the price may vary depending on the spot price of gold)
Only 250 sets are available of this delightful and impressive 2 piece gold coin set, celebrating a special 50th anniversary and bringing together 200 years of fine tradition in gold coins

More information is available at the royalmint.com

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