tag:blogger.com,1999:blog-73391928092816036422024-03-04T21:05:22.598-08:00The Gold VaultHistorical charts, perspective chart, fundamental analysis of precious metals and insight into the precious metal market.Gold Vaulthttp://www.blogger.com/profile/12108487755345592301noreply@blogger.comBlogger24125tag:blogger.com,1999:blog-7339192809281603642.post-49102841761618537582014-04-04T10:58:00.000-07:002014-04-04T10:59:54.024-07:00The Real Price of Gold Since 1791 to 2013<div dir="ltr" style="text-align: left;" trbidi="on">
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgwLIK_a1yXQvgtUgwGfdk7LR7IXiQf1CW4MSN6oFxVqah3qkAWZl28I_HURKEsPU7YFPHMFzFbUdBI6Bkp4OPgkeGf3EiLg8ZOmTpqks4RMO_x14_dhgJCl1CLvVxgAYfCrHo2vww009P8/s1600/GoldPriceSince1791_2013.png" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgwLIK_a1yXQvgtUgwGfdk7LR7IXiQf1CW4MSN6oFxVqah3qkAWZl28I_HURKEsPU7YFPHMFzFbUdBI6Bkp4OPgkeGf3EiLg8ZOmTpqks4RMO_x14_dhgJCl1CLvVxgAYfCrHo2vww009P8/s1600/GoldPriceSince1791_2013.png" height="310" width="400" /></a></div>
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Source VisualizingEconomics. Click on the above chart for larger image.<br />
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Interesting historical chart of the real gold price in 2013 US dollars.<br />
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Christina J. Kruger<br />
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<a href="http://thegoldvault.blogspot.com/" target="">The Gold Vault</a><br />
Copyright (C) all rights reserved</div>
Gold Vaulthttp://www.blogger.com/profile/12108487755345592301noreply@blogger.com0tag:blogger.com,1999:blog-7339192809281603642.post-55864744190776611002013-10-09T12:55:00.001-07:002013-10-10T10:19:22.774-07:00GOLD AND ITS SECRETS - The History of Gold documentary<div dir="ltr" style="text-align: left;" trbidi="on">
<iframe allowfullscreen="" frameborder="0" height="344" src="//www.youtube.com/embed/qeNkkLVZnwg?list=PLQwXAChNKUtd3RZcoKKvggN3znIBeM-kZ" width="459"></iframe><br />
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Christina J. Kruger<br />
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<a href="http://thegoldvault.blogspot.com/" target="">The Gold Vault</a><br />
Copyright (C) all rights reserved</div>
Gold Vaulthttp://www.blogger.com/profile/12108487755345592301noreply@blogger.com0tag:blogger.com,1999:blog-7339192809281603642.post-84736156315793405472013-04-18T08:51:00.000-07:002013-04-18T08:53:54.711-07:00World Silver / Gold Production Ratio 1900 -2012<div dir="ltr" style="text-align: left;" trbidi="on">
The world silver / gold production ratio since 1900 and up to present shows a clear long term trend of declining production of silver compared to the production of gold.<br />
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<img border="0" closure_uid_597472325="1" height="290" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgdVCz9QUqFvoTWpWdbfmOgbD1s9ZGKt3Zbd1s6aaINDtet4As66JWD5OO1-27by98UXAqoua3NbjSetc8NqtDaBT7y0tksbvYYMt0Q0ZcW0tsjMvr5-t05q04tkdwCRVq-kstN9DSqiSPC/s400/SilverGoldProduction.PNG" width="400" /><br />
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Source: USGS, Silver Institute, LBMA Fed., nowandfutures<br />
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Christina J. Kruger<br />
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<a href="http://thegoldvault.blogspot.com/">http://thegoldvault.blogspot.com/</a><br />
Copyright (C) all rights reserved<br />
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Gold Vaulthttp://www.blogger.com/profile/12108487755345592301noreply@blogger.com0tag:blogger.com,1999:blog-7339192809281603642.post-69143194906359695112013-02-23T08:12:00.004-08:002013-02-23T15:35:07.168-08:00Emerging Market Drives Gold DemandAccording to the World Gold Council (WGC), there is an increasing relevance of emerging markets in the gold market, particularly over the past 12 years. In 2011, you can see that emerging markets accounted for 74 percent of total bar and coin, jewelry and ETFs gold demand. India and China alone make up 50 percent of all global gold demand.<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj276AvuXnUtbIcQSViWUdRKO3FHRbI1RkQFXtFtKB0935Fr95nPcg9Gca5TEhIxrxS3UwCAwGPoL8LluKwxBDebP9stcwGRB66NbT632uBPI-02KTWhD8M6fngXKyIJilUgXeYVqM_IrST/s1600/Graphgolddemandemergingmarket20130223.gif" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj276AvuXnUtbIcQSViWUdRKO3FHRbI1RkQFXtFtKB0935Fr95nPcg9Gca5TEhIxrxS3UwCAwGPoL8LluKwxBDebP9stcwGRB66NbT632uBPI-02KTWhD8M6fngXKyIJilUgXeYVqM_IrST/s1600/Graphgolddemandemergingmarket20130223.gif" /></a></div>
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India, China, Turkey, Vietnam, and Southeast Asia’ residents clearly have a cultural affinity to gold, says the WGC.<br />
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Christina J. Kruger<br />
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<a href="http://thegoldvault.blogspot.com/">http://thegoldvault.blogspot.com/</a><br />
Copyright (C) all rights reservedGold Vaulthttp://www.blogger.com/profile/12108487755345592301noreply@blogger.com0tag:blogger.com,1999:blog-7339192809281603642.post-83043867661939092672011-09-05T08:01:00.000-07:002013-02-20T07:50:09.639-08:00Negative interest rates drives gold pricesThe driver of gold prices has been real interest rates. <br />
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The chart from Gold Stock Analyst tracking the price of gold going back to 1968. In each case when real rates, calculated by subtracted the 12-month moving average of the year over year change of CPI from the 12-month moving average of the 3-month Treasury bill, went negative in the 1970s, gold has had a dramatic rise in price until 1980 when a period of real interest rates occured. <br />
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A new period of negative interest rates from 2000 until the present time created soaring gold prices once more.<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEic0nQvZjUCau8qkkrj7O5rO4ivy2oJQK7lVb8sBwZDs0wfQmH_1GFV7UOe2PXjm6s5cm6MG9JfyaR4epu2opnQiBs8xbvLllfIO4Nq80YGcCBxJxn9QAcpzRmuFW3PmklJFKnpGahmos4u/s1600/GoldVsIntRateslongterm.gif" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" height="311" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEic0nQvZjUCau8qkkrj7O5rO4ivy2oJQK7lVb8sBwZDs0wfQmH_1GFV7UOe2PXjm6s5cm6MG9JfyaR4epu2opnQiBs8xbvLllfIO4Nq80YGcCBxJxn9QAcpzRmuFW3PmklJFKnpGahmos4u/s400/GoldVsIntRateslongterm.gif" width="400" /></a></div>
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Source Gold Stock Analyst Click on image to get a larger picture.<br />
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Christina J. Kruger<br />
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<a href="http://www.thegoldvault.blogspot.com/">www.thegoldvault.blogspot.com/</a><br />
Copyright (C) all
rights reservedGold Vaulthttp://www.blogger.com/profile/12108487755345592301noreply@blogger.com0tag:blogger.com,1999:blog-7339192809281603642.post-17312294465809591162011-08-01T09:20:00.000-07:002013-02-20T07:53:56.708-08:00Debt, debt ceiling and gold correlationDebt, debt ceiling and gold, there seems to be a very good correlation.<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiQgGConPIQ8L8hHXDrG75KqnvhKoZ8eM7V6f38-5ev5sz5htDnEclDQ-oZYEpmv1ifPL6DsePwhUKvV_xSbKyQ2csKubnPgahlAW2cYs98WJNRU2nogUSrs8mb4U7eNVs2tpRcJTHA1NBh/s1600/debtgoldcomparison20110731.png" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" height="271" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiQgGConPIQ8L8hHXDrG75KqnvhKoZ8eM7V6f38-5ev5sz5htDnEclDQ-oZYEpmv1ifPL6DsePwhUKvV_xSbKyQ2csKubnPgahlAW2cYs98WJNRU2nogUSrs8mb4U7eNVs2tpRcJTHA1NBh/s400/debtgoldcomparison20110731.png" width="400" /></a></div>
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Source: ShareLynx<br />
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Christina J. Kruger<br />
<a href="http://www.thegoldvault.blogspot.com/">www.thegoldvault.blogspot.com </a><br />
Copyright (C) all rights reservedGold Vaulthttp://www.blogger.com/profile/12108487755345592301noreply@blogger.com0tag:blogger.com,1999:blog-7339192809281603642.post-87526686620036919822011-06-10T08:03:00.000-07:002013-02-20T07:43:51.467-08:00World Official Gold HoldingsThis is the official figures as per June 2011:<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjsuQ1w84YAoG2lNvmFOYxZmSZIw8APd0lEAwNMdvOR3lrJuiCvc2bB5htmLtwY2_p2N0ZSwjoPV9T6uYv3I2RaVj0oK0mlKJgRzqKhbT0X5V1hmMjDYVSTS87KRSBePpOGuWLJaggnX7wo/s1600/worldgoldholdingsjune2011.png" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" height="400" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjsuQ1w84YAoG2lNvmFOYxZmSZIw8APd0lEAwNMdvOR3lrJuiCvc2bB5htmLtwY2_p2N0ZSwjoPV9T6uYv3I2RaVj0oK0mlKJgRzqKhbT0X5V1hmMjDYVSTS87KRSBePpOGuWLJaggnX7wo/s400/worldgoldholdingsjune2011.png" width="351" /></a></div>
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Source: Jesses Cafe<br />
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Christina J. Kruger<br />
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<a href="http://www.thegoldvault.blogspot.com/">www.thegoldvault.blogspot.com/</a><br />
Copyright (C) all rights reservedGold Vaulthttp://www.blogger.com/profile/12108487755345592301noreply@blogger.com0tag:blogger.com,1999:blog-7339192809281603642.post-11122997221886835932011-05-30T09:45:00.000-07:002013-02-20T07:47:56.230-08:00History of World Reserve CurrenciesThe following is an extract from The World Bank's recent report regarding the future of reserve currencies called "Multipolarity: The New Global Economy".<br />
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<strong><span style="font-size: large;">Historically, one national currency has played a global role—or at most, a few national currencies</span></strong><br />
Historical records indicate that the silver drachma, issued by ancient Athens in the fifth century B.C.E. was likely the first currency that circulated widely outside its issuing state’s borders, followed by the gold aureus and silver denarius coins issued by Rome, even though the Athenian and Roman currencies circulated simultaneously for some time (see figure B3.1.1). The dominance of the Roman-issued coins was brought to an end as the long cycle of inflation that characterized the economy of the Roman Empire from the first century C.E. through the early fourth century led to a continuous devaluation of the Roman-issued currency, causing it to become increasingly less accepted outside the Roman Empire. Ultimately, the aureus became valued according to its weight rather than its imputed “face value,” trading more as a commodity than a currency outside the Roman Empire and making way for the Byzantine Empire’s heavy gold solidus coin to become the dominant currency in international trade in the sixth century.<br />
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By the seventh century, the Arabian dinar had partially replaced the solidus in this role, although the solidus continued to circulate internationally at a debased value (reflecting the high financing needs of the Byzantine Empire) into the 11th century. Large fi scal costs also led to a gradual devaluation of the Arabian dinar starting at the end of the 10th century.<br />
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By the 13th century, the fiorino, issued by Florence, was widely used in the Mediterranean region for commercial transactions, only to be supplanted by the ducato of Venice in the 15th century. In the 17th and 18th centuries, the dominant international currency was issued by the Netherlands, reflecting that country’s role as a leading financial and commercial power at the time. At that point, paper bills began replacing coins as the international currency of circulation, even though they were not backed by the Dutch government or any other entity under sole sovereign control.<br />
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It was only when national central banks and treasuries began holding gold as reserves, beginning in the 19th century, that bills and interest-bearing deposit claims that could be substituted for gold also began to be held as reserves. This development coincided with the rise of Great Britain as the leading exporter of manufactured goods and services and the largest importer of food and industrial raw materials. Between the early 1860s and the outbreak of World War I in 1914, some 60 percent of the world’s trade was invoiced in British pounds sterling.<br />
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As U.K. banks expanded their overseas business, propelled by innovations in communications technology such as the telegraph, the British Pound was increasingly used as a currency of denomination for commercial transactions between non-U.K. residents—that is, the pound sterling became a more international currency. This role for the pound was further enhanced by London’s emergence as the world’s leading shipper and insurer of traded goods and as a center for organized commodities markets, as well as by the growing amount of British foreign investment, of which a large share was in the form of long-term securities denominated in pounds sterling.<br />
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World currencies from acient times up until today:<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjACmmq4lGE7jHrP2ZRerqlUXLPvrqwRsFoTWmxSfXtHdyDR3wBIhEb1FL4kwthBUQeQJvDvK4MXm3gnmS7ojUqW8v92hStUW7zJox2T58lPmcoP0hYg4Ixnonfwm5Ago4FgnJwCXhmkZbF/s1600/HistoryReserveCurrencies.jpg" imageanchor="1" style="clear: left; cssfloat: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" height="146" j8="true" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjACmmq4lGE7jHrP2ZRerqlUXLPvrqwRsFoTWmxSfXtHdyDR3wBIhEb1FL4kwthBUQeQJvDvK4MXm3gnmS7ojUqW8v92hStUW7zJox2T58lPmcoP0hYg4Ixnonfwm5Ago4FgnJwCXhmkZbF/s400/HistoryReserveCurrencies.jpg" width="400" /></a></div>
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<span style="font-size: x-small;">Click on the above image to make in bigger </span>Source: The World Bank<br />
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The above is an extract from: International Bank for Reconstruction and Development / The World Bank: Publication: "Multipolarity: The New Global Economy" published 17th of May 2011. Here is a link to the full <a href="http://siteresources.worldbank.org/INTGDH/Resources/GDH-AdvanceEd-CompleteBook.pdf"><span id="goog_1594137673"></span>World Bank Report<span id="goog_1594137674"></span></a>. Published with special permission.<br />
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Christina J. Kruger<br />
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<a href="http://www.thegoldvault.blogspot.com/">www.thegoldvault.blogspot.com/</a><br />
Copyright (C) all rights reservedGold Vaulthttp://www.blogger.com/profile/12108487755345592301noreply@blogger.com0tag:blogger.com,1999:blog-7339192809281603642.post-23766835125961040592011-05-13T13:03:00.000-07:002011-05-13T13:20:37.825-07:00The hidden richest of AfghanistanThe hunt for the riches of Afghanistan with J.P. Morgan and the Pentagon seeking to tap the country’s vast mineral riches. An amazing story in Fortune reveal the details of the treasure hunt:<br />
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<span class="Apple-style-span" style="font-family: Arial, helvetica, sans-serif; font-size: 13px; line-height: 18px;">"To Hannam, chairman of J.P. Morgan Capital Markets, Afghanistan represents a gigantic, untapped opportunity -- one of the last great natural-resource frontiers. Landlocked and pinioned by imperial invaders, Afghanistan has been cursed by its geography for thousands of years. Now, for the first time, Hannam believes, that geography could be an asset. The two most resource-starved nations on the planet, China and India, sit next door to Afghanistan, where, according to Pentagon estimates, minerals worth nearly $1 trillion lie buried. True, there is a war under way. And it's unclear how the death of Osama bin Laden will impact the country's political and economic environment. But Hannam is not your usual investment banker: A former soldier, he has done business in plenty of strife-torn countries. So have all the members of his team, two of them former special forces soldiers who have fought here."</span><br />
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<div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgMYDOBT-iw63XUHhRxSxYvQ1cfxS6fGTwfemGAOpsoHCDe5cCUHk5YdXVHVdTt-BYgC9f-YBtqjlX0hR5TVz-1qTZsAbTWUQkanHey5XwOKDXeyUiJobJOHS9URMF7CfY8frzMY1GVwIng/s1600/Afghan-goldmap.png" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" height="305" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgMYDOBT-iw63XUHhRxSxYvQ1cfxS6fGTwfemGAOpsoHCDe5cCUHk5YdXVHVdTt-BYgC9f-YBtqjlX0hR5TVz-1qTZsAbTWUQkanHey5XwOKDXeyUiJobJOHS9URMF7CfY8frzMY1GVwIng/s400/Afghan-goldmap.png" width="400" /></a></div><br />
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<div style="color: black; font-family: 'Times New Roman'; font-size: medium; line-height: normal; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px;"><span class="Apple-style-span" style="color: #cccccc; font-family: 'Trebuchet MS', Trebuchet, Verdana, sans-serif; font-size: 13px; line-height: 20px;"><span class="Apple-style-span" style="color: #cccccc; font-family: 'Trebuchet MS', Trebuchet, Verdana, sans-serif; font-size: x-small; line-height: 20px;">Click on the image to get a bigger picture</span></span></div><div style="color: black; font-family: 'Times New Roman'; font-size: medium; line-height: normal; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px;"><span class="Apple-style-span" style="color: #cccccc; font-family: 'Trebuchet MS', Trebuchet, Verdana, sans-serif; font-size: 13px; line-height: 20px;"><span class="Apple-style-span" style="color: #cccccc; font-family: 'Trebuchet MS', Trebuchet, Verdana, sans-serif; font-size: 13px; line-height: 20px;">Source: Fortune</span></span></div><br />
<span class="Apple-style-span" style="font-family: 'Trebuchet MS', Trebuchet, Verdana, sans-serif; font-size: 13px; line-height: 20px;"><span class="Apple-style-span" style="font-family: Arial, helvetica, sans-serif; line-height: 18px;">"But if the risks are absurd, the potential rewards are off the charts. Hundreds of billions of dollars' worth of iron, copper, rare earth metals, and, yes, gold are buried beneath Afghanistan's deserts and mountains. This wealth has lain there mainly undisturbed for thousands of years as armies of Persians, Greeks, Mongols, Britons, Russians, and now Americans tramped above. Invaders have dreamed of exploiting it since the time of Alexander the Great, but no one has yet succeeded on a large scale."</span></span><br />
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See the whole story in <a href="http://management.fortune.cnn.com/2011/05/11/jp-morgan-hunt-afghan-gold/">Fortune</a>.<br />
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<span class="Apple-style-span" style="color: #cccccc; font-family: 'Trebuchet MS', Trebuchet, Verdana, sans-serif; font-size: 13px; line-height: 20px;">Christina J. Kruger</span><br />
<span class="Apple-style-span" style="color: #cccccc; font-family: 'Trebuchet MS', Trebuchet, Verdana, sans-serif; font-size: 13px; line-height: 20px;"></span><span class="Apple-style-span" style="color: #cccccc; font-family: 'Trebuchet MS', Trebuchet, Verdana, sans-serif; font-size: 13px; line-height: 20px;"><a href="http://www.thegoldvault.blogspot.com/" style="color: #99aadd; text-decoration: none;">www.thegoldvault.blogspot.com/</a></span><span class="Apple-style-span" style="color: #cccccc; font-family: 'Trebuchet MS', Trebuchet, Verdana, sans-serif; font-size: 13px; line-height: 20px;"><br />
</span><span class="Apple-style-span" style="color: #cccccc; font-family: 'Trebuchet MS', Trebuchet, Verdana, sans-serif; font-size: 13px; line-height: 20px;">Copyright (C) all rights reserved</span>Gold Vaulthttp://www.blogger.com/profile/12108487755345592301noreply@blogger.com0tag:blogger.com,1999:blog-7339192809281603642.post-71402252010886998192011-04-28T08:42:00.000-07:002013-02-20T08:57:17.580-08:00World gold holdings - Countries listed with holdings per personAnother perspective on global gold holdings:<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhGSgH73XsXFM0_uro4pOraOV8p7jTWYT02hddPCiSr13R4q4Wa_qsrQDdUbWv7vMxqzhRN4wqy2tpIkcUuhYE7NM16l-P8CiKLaRhKYg3CdmgugeLGLu0MXpUonhECCI8OdMaInx0FA7ma/s1600/Goldreservepercapita.gif" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" height="305" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhGSgH73XsXFM0_uro4pOraOV8p7jTWYT02hddPCiSr13R4q4Wa_qsrQDdUbWv7vMxqzhRN4wqy2tpIkcUuhYE7NM16l-P8CiKLaRhKYg3CdmgugeLGLu0MXpUonhECCI8OdMaInx0FA7ma/s400/Goldreservepercapita.gif" width="400" /></a></div>
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<span class="Apple-style-span" style="color: #cccccc; font-family: 'Trebuchet MS', Trebuchet, Verdana, sans-serif; font-size: 13px; line-height: 20px;">Click on the above chart to make it bigger. </span><span class="Apple-style-span" style="color: #cccccc; font-family: 'Trebuchet MS', Trebuchet, Verdana, sans-serif; font-size: 13px; line-height: 20px;">Source: The Economist</span><br />
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<span class="Apple-style-span" style="color: #cccccc; font-family: 'Trebuchet MS', Trebuchet, Verdana, sans-serif; font-size: 13px; line-height: 20px;">Switzerland and Lebanon are standings out as the real King's when it comes to relative global gold holdings. </span><span class="Apple-style-span" style="color: #cccccc; font-family: 'Trebuchet MS', Trebuchet, Verdana, sans-serif; font-size: 13px; line-height: 20px;">Venezuela is the biggest gold holder in Latin America.</span><br />
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<span class="Apple-style-span" style="color: #cccccc; font-family: 'Trebuchet MS', Trebuchet, Verdana, sans-serif; font-size: 13px; line-height: 20px;">Christina J. Kruger</span><br />
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<span class="Apple-style-span" style="color: #cccccc; font-family: 'Trebuchet MS', Trebuchet, Verdana, sans-serif; font-size: 13px; line-height: 20px;"> </span><span class="Apple-style-span" style="color: #cccccc; font-family: 'Trebuchet MS', Trebuchet, Verdana, sans-serif; font-size: 13px; line-height: 20px;"><a href="http://www.thegoldvault.blogspot.com/" style="color: #99aadd; text-decoration: none;">www.thegoldvault.blogspot.com/</a></span><span class="Apple-style-span" style="color: #cccccc; font-family: 'Trebuchet MS', Trebuchet, Verdana, sans-serif; font-size: 13px; line-height: 20px;"><br />
</span><span class="Apple-style-span" style="color: #cccccc; font-family: 'Trebuchet MS', Trebuchet, Verdana, sans-serif; font-size: 13px; line-height: 20px;">Copyright (C) all rights reserved</span>Gold Vaulthttp://www.blogger.com/profile/12108487755345592301noreply@blogger.com0tag:blogger.com,1999:blog-7339192809281603642.post-20602401605725067102011-04-04T09:21:00.000-07:002013-02-20T07:57:17.831-08:00Gold as a global asset class - since 1968Gold still has a long way to go, long term, based on how popular asset class it it:<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgpB_2AVqmtzHmzNcYmEmYq28iheJ03TLQgip5O5vvGFBp1NHRk85D-CJr6tWT6b-94fnNBrEtPAeBJpimiwV5C4nvOGKpRCI03HScpBDgdpuo5l6d-jnXDrGV1BSfYXnlMPaJsQCUeQ_zV/s1600/GoldPercentoAsset20110401.gif" imageanchor="1" style="clear: left; cssfloat: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" height="180" r6="true" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgpB_2AVqmtzHmzNcYmEmYq28iheJ03TLQgip5O5vvGFBp1NHRk85D-CJr6tWT6b-94fnNBrEtPAeBJpimiwV5C4nvOGKpRCI03HScpBDgdpuo5l6d-jnXDrGV1BSfYXnlMPaJsQCUeQ_zV/s400/GoldPercentoAsset20110401.gif" width="400" /></a></div>
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Will we see 1968 level again ? I think we will but it will take decades.<br />
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Christina J. Kruger<br />
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<a href="http://www.thegoldvault.blogspot.com/">www.thegoldvault.blogspot.com/</a><br />
Copyright (C) all rights reservedGold Vaulthttp://www.blogger.com/profile/12108487755345592301noreply@blogger.com0tag:blogger.com,1999:blog-7339192809281603642.post-10591521238621082482011-03-14T11:48:00.000-07:002013-02-20T07:59:36.569-08:00Gold / Silver Ratio since 1792 until 2005The "decline" in the gold / silver ratio in the 1860's is due the depreciation of the paper dollars used during the Civil War. The gold / silver ratio was not changed during this period compared to pre-war ratio of 16 against 1. It is a statistical error.<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgHfPAp88LyyIysTqTlQfkSz4l9rAb5YSrowfRuOEB7o8VYe0PM70-epUaslGU0_nGkUJ7y_o2AjXn7k8tukkg8kk3Hc7ck8dJTgBP8eW2gdhc8gVwHIeDpy-dyqPiEzZpyEWhT5jOEHo0r/s1600/Thegoldsilverratio17922005.gif" imageanchor="1" style="clear: left; cssfloat: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" height="201" q6="true" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgHfPAp88LyyIysTqTlQfkSz4l9rAb5YSrowfRuOEB7o8VYe0PM70-epUaslGU0_nGkUJ7y_o2AjXn7k8tukkg8kk3Hc7ck8dJTgBP8eW2gdhc8gVwHIeDpy-dyqPiEzZpyEWhT5jOEHo0r/s400/Thegoldsilverratio17922005.gif" width="400" /></a></div>
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In 1870 with the "demonetization of money". The progression of a monetary system based on paper and bank transfers etc. eliminated the use of small silver coins. You could use a $ 1 bill instead.<br />
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In addition, the money ceased to be used as commodity money. Silver became an industrial raw material while retaining some monetary characteristics.<br />
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From the mid-1870s, the value of silver began to vary widely compared to that of gold for the first time in history.<br />
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Geir Solem<br />
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<a href="http://www.thegoldvault.blogspot.com/">www.thegoldvault.blogspot.com/</a><br />
Copyright (C) 2011 all rights reservedGold Vaulthttp://www.blogger.com/profile/12108487755345592301noreply@blogger.com0tag:blogger.com,1999:blog-7339192809281603642.post-36255864167124667182011-02-19T06:54:00.000-08:002013-02-20T08:00:43.905-08:00World gold demandIn 2010 jewelry was the biggest contributor to gold demand, accounting for 54 percent of the total. That’s a 17 percent rise despite gold prices jumping 26 percent in many currencies. Gold demand for technology increased 12 percent. Surprisingly, investment demand declined 2 percent as investment in gold ETFs dropped 45 percent. Even with the drop, 2010 was the second-highest year on record in terms of investment demand. <br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiDyBzpui4QPWG7rftV5pBKnkl0dTMiSpZSkN12XWqgoY7ea4Nm8tCl_upQQalenRNdkxBy83RVg4PU74FTAzn4BLjAuQnt6pIU_CI_fwhiKW2FQ11SBd0V93Bt4t-bjrBJ613B4qgfScO5/s1600/COMM-JewelryDemand-02182011.gif" imageanchor="1" style="clear: left; cssfloat: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" height="210" j6="true" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiDyBzpui4QPWG7rftV5pBKnkl0dTMiSpZSkN12XWqgoY7ea4Nm8tCl_upQQalenRNdkxBy83RVg4PU74FTAzn4BLjAuQnt6pIU_CI_fwhiKW2FQ11SBd0V93Bt4t-bjrBJ613B4qgfScO5/s400/COMM-JewelryDemand-02182011.gif" width="400" /></a></div>
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Click on the image to make the chart bigger.<br />
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India led the world in gold jewelry demand with more than 745 tons. China was a distant second at just under 400 tons and the U.S. third at 128 tons. While the pace of consumption has slowed in several countries, gold consumption for jewelry remains at elevated levels around the world. <br />
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Geir Solem<br />
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<a href="http://www.thegoldvault.blogspot.com/">www.thegoldvault.blogspot.com/</a><br />
Copyright (C) 2011 all rights reservedGold Vaulthttp://www.blogger.com/profile/12108487755345592301noreply@blogger.com0tag:blogger.com,1999:blog-7339192809281603642.post-38475095280359501562010-12-09T09:45:00.000-08:002013-02-20T09:00:04.583-08:00Global silver production by countrySilver is one of the most important of all precious metals. Here is an overview of which countries that produce silver and the size of their production in millions of ounces.<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgZ19j_UijjWcWkqki3ieb9GvddTWrj36QqkegLwv118YWtBVd8zjuKW_Ggs57jzdbSTl6Yh_ClF6TQrdZYjmILAHi78VGRbServnPaMF5nWyFkXv8FO2sQL_gHAnOUkmVbt9bul4Meso4h/s1600/Globalsilverproduction.jpg" imageanchor="1" style="clear: left; cssfloat: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" height="400" n4="true" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgZ19j_UijjWcWkqki3ieb9GvddTWrj36QqkegLwv118YWtBVd8zjuKW_Ggs57jzdbSTl6Yh_ClF6TQrdZYjmILAHi78VGRbServnPaMF5nWyFkXv8FO2sQL_gHAnOUkmVbt9bul4Meso4h/s400/Globalsilverproduction.jpg" width="293" /></a></div>
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<span style="font-size: x-small;">Click on the image to make it larger</span><br />
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Source: Moneychoises<br />
<span style="font-size: x-small;"><br />
</span>Peru is the worlds largest silver producer, followed by Mexico and China.<br />
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Geir Solem<br />
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<a href="http://www.thegoldvault.blogspot.com/">www.thegoldvault.blogspot.com/</a><br />
Copyright (C) 2010 all rights reservedGold Vaulthttp://www.blogger.com/profile/12108487755345592301noreply@blogger.com0tag:blogger.com,1999:blog-7339192809281603642.post-32808882438888037222010-10-28T11:09:00.000-07:002013-02-22T10:42:46.219-08:00Gold and financial instruments - Comparing riskBonds, options, and stocks are all financial instruments, and someone else’s liability. The owners of these financial instruments gives up their money and risks a loss of their principal for a certain period of time in return for a yield/profit. <br />
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Physical gold bullion is not someone else's liability. A holder of physical bullion could lease out their gold and generate income, but they seldom choose to do so as it is precisely the safety of preserving wealth in real terms without risk to capital that savvy investors seek in uncertain times.<br />
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Geir Solem <br />
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<a href="http://www.thegoldvault.blogspot.com/" target="_blank">www.thegoldvault.blogspot.com/</a><br />
Copyright (C) 2010 all rights reservedGold Vaulthttp://www.blogger.com/profile/12108487755345592301noreply@blogger.com0tag:blogger.com,1999:blog-7339192809281603642.post-48512048622627013742010-10-08T09:13:00.000-07:002013-02-20T08:03:54.872-08:00Gold compared to the Unites States monetary baseInteresting chart: United States monetary base divided by gold holdings:<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhjmmBc-Rnf_JeJ6p4HenuitmN783X56_Jg_4_SxTECpYTE-H0F-YMh67XMQpJfZamlVnqhc7dHUWj47tNM24qL3wcpYtTmRaRvXJuC4WWYXDFAjqOS3KFegGQR5mxrZHC5G-mYEw6fPPr0/s1600/gold-is-cheapmonetarybase.png" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhjmmBc-Rnf_JeJ6p4HenuitmN783X56_Jg_4_SxTECpYTE-H0F-YMh67XMQpJfZamlVnqhc7dHUWj47tNM24qL3wcpYtTmRaRvXJuC4WWYXDFAjqOS3KFegGQR5mxrZHC5G-mYEw6fPPr0/s400/gold-is-cheapmonetarybase.png" width="400" /></a></div>
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Source: Societe Generale<br />
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The ratio indicate that gold has great long term potential.<br />
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Geir Solem<br />
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<a href="http://thegoldvault.blogspot.com/">http://thegoldvault.blogspot.com</a><br />
Copyright (C) 2010 all rights reservedGold Vaulthttp://www.blogger.com/profile/12108487755345592301noreply@blogger.com0tag:blogger.com,1999:blog-7339192809281603642.post-6628782729282051182010-09-12T10:53:00.000-07:002013-02-20T08:07:21.745-08:00Gold price cycles since 1800We republish this article regarding gold price cycles since 1980, with permission of the market timer and research organization <a href="http://blog.elliottwavetechnician.com/" target="_blank">Elliott Wave Technician</a>.<br />
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Previous gold price cycles has normally lasted multiple decades. From the year1800, the shortest gold cycle is 10 years. The last and current bull cycle began in 2001.<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgnG5bOGDvab3OUv6lK-RcdhYcw4m63_ZLBjAhVKWEiT-SSwJU_15PJdIigdcx0jbes5DqmtMfxbEJ4OwQzxdX3cZRRLZ8r1PiislDIxOfBeFcOHbJqHuTZtGTyzlN9Sgb1uBSWI3_goQl0/s1600/GoldPriceCycles-091010.gif" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" height="190" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgnG5bOGDvab3OUv6lK-RcdhYcw4m63_ZLBjAhVKWEiT-SSwJU_15PJdIigdcx0jbes5DqmtMfxbEJ4OwQzxdX3cZRRLZ8r1PiislDIxOfBeFcOHbJqHuTZtGTyzlN9Sgb1uBSWI3_goQl0/s400/GoldPriceCycles-091010.gif" width="400" /></a></div>
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Notice that global foreign exchange reserves have boomed in the last few years, reaching $8.17 trillion in April 2010. Meanwhile, the gold reserve ratio has dropped significantly since 1980.<br />
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Geir Solem <br />
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<a href="http://www.thegoldvault.blogspot.com/">www.thegoldvault.blogspot.com/</a><br />
Copyright (C) 2010 all rights reservedGold Vaulthttp://www.blogger.com/profile/12108487755345592301noreply@blogger.com0tag:blogger.com,1999:blog-7339192809281603642.post-39417876327836844922010-09-03T13:47:00.000-07:002013-02-20T08:10:27.880-08:00The world gold holders and producersWe republish this article regarding the world gold holders and producers, with permission of the market timer and research organization Elliott Wave Technician.<br />
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Who owns the worlds gold and who produces it ?<br />
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The total amount of gold ever mined is estimated to be worth around US$5 trillion.<br />
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Approx. 78 % of the worlds’ gold is made into jewelery. Other industries, mostly electronics, medical, and dental, require about 12%. The remaining 10% of the yearly gold supply is used in financial transactions.<br />
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This graph reveals the story, click on the graph to increase the size of the image:<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgULvUoKKNtA2gWEtHVeD8fTf_mhhV-6GnHGKI-AzN-mUTTvl_7SF7I95sqOcraamlA41GA5T1P-B288ACiFc-yIIXSLqMYv7R7o5vPMh_Uk-1t1RCbXjkbt5kUxMmjkHoiAIS_LQ-suAC3/s1600/gold-infographic-600px.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" height="640" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgULvUoKKNtA2gWEtHVeD8fTf_mhhV-6GnHGKI-AzN-mUTTvl_7SF7I95sqOcraamlA41GA5T1P-B288ACiFc-yIIXSLqMYv7R7o5vPMh_Uk-1t1RCbXjkbt5kUxMmjkHoiAIS_LQ-suAC3/s640/gold-infographic-600px.jpg" width="289" /></a></div>
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Source: Moneychoices<br />
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<div style="color: #cccccc; font-family: 'Trebuchet MS', Trebuchet, Verdana, sans-serif; font-size: 13px; line-height: 20px; margin: 0px;">
You can have access to our full analysis with Elliott Wave counting for gold , silver and other precious metals by subscribing to Elliott Wave Technician's premium service at <a href="http://elliottwavetechnician.com/">elliottwavetechnician.com/</a>.</div>
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<div style="color: #cccccc; font-family: 'Trebuchet MS', Trebuchet, Verdana, sans-serif; font-size: 13px; line-height: 20px; margin: 0px;">
Geir Solem<br />
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<div style="color: #cccccc; font-family: 'Trebuchet MS', Trebuchet, Verdana, sans-serif; font-size: 13px; line-height: 20px; margin: 0px;">
<a href="http://www.thegoldvault.blogspot.com/">www.thegoldvault.blogspot.com/</a></div>
<div style="color: #cccccc; font-family: 'Trebuchet MS', Trebuchet, Verdana, sans-serif; font-size: 13px; line-height: 20px; margin: 0px;">
Copyright (C) 2010 all rights reserved</div>
Gold Vaulthttp://www.blogger.com/profile/12108487755345592301noreply@blogger.com0tag:blogger.com,1999:blog-7339192809281603642.post-35796832755193055982010-07-05T08:09:00.000-07:002013-02-20T08:13:53.488-08:00Gem prices - historical study<span class="head2">The Gold Vault’s Note:</span> <span class="article_body">We are pleased to reprint this important historical study of gem prices from Sydney H. Ball (1877–1949). This is one of the few scholarly studies of gem prices in existence and we are sure you will find it fascinating.</span><br />
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<span class="article_body">Reprinted from <i>Economic Geology,</i> August, 1935, Vol. 30, No. 5, pp. 630–642. </span><br />
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“That which is beautiful is never too costly, nor can anyone pay too little for that which gives pleasure to all,” said Abu Inan Farés, Sultan of Morocco, on completion of a beautiful building at Fez. To emphasize his delight, he refused to look at the architect’s bill, but tore it up and threw the fragments into the River Fez.<br />
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<span class="dropcap3">S</span><span class="article_body">ince about 100,000 B.C., man has prized and has desired to possess beautiful stones, and almost from that date he began to offer a rabbit for a bit of chalcedony or a worked flint for a quartz crystal. The earliest gem price known to me, however, dates only from the 4th century before Christ. </span><br />
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<span class="article_body">The musician, Ismenias, purse-proud and ostentatious, heard of an emerald engraved with the figure of the nymph Amymone, obtainable in Cyprus for six gold staters (about $30.65). He sent an agent to purchase the gem, and by shrewd bargaining the latter, returned with it and two of the six staters. Ismenias, with typical musician’s temperament, flew into a passion, crying that the agent had ill-treated him by his bargaining and by thus impairing the merit of the stone. </span><span class="article_body">Unfortunately, neither is the weight of the stone known, nor the relative value of the material and the engraving. Theophrastus, who lived from 372–287 B.C., states that the carbuncle, in which designation, doubtless, both our garnet and ruby and perhaps our spinel are included, “is extremely valuable, one of a very small size being prized at forty <i>aurei”</i> (about $180). </span><br />
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<span class="article_body">The earliest satisfactory gem prices are those of the Arabian mineralogist, Teifaschi, who in 1150 A.D. ranked the gems as follows: emerald, diamond, ruby and sapphire. He recognized the essential fundamentals of modern gem valuation.</span><br />
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<img alt="" height="1" src="http://www.palagems.com/Images/dingbats/dot_clear.gif" width="12" />With the exception of radium and a few other very rare elements, the finer precious stones, the diamond, emerald, ruby and sapphire, are the most valuable of all commodities, and their value is concentrated in small weight and bulk. One could conceal a pound of such gems, worth, say, $10,000,000 around his person, and a porter could pack the equivalent of $2,000,00,000 worth of fine gems, except for the fact that such an amount of fine gems could not be procured.</div>
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<br />
<img alt="" height="1" src="http://www.palagems.com/Images/dingbats/dot_clear.gif" width="12" />This is a study of the prices of emeralds, rubies and sapphires during the past, and more particularly the last 150 years; it supplements the study of diamond prices made by the writer <strong><span style="color: magenta;">1</span></strong><a href="http://www.blogger.com/post-edit.g?blogID=7339192809281603642&postID=3579683275519305598" id="backfootnote1" name="backfootnote1"> </a>seven years ago. Deeply colored red, green and blue diamonds, although the most expensive of gems, arc not considered here, since they are so rare.</div>
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<br />
The emerald was known to the Egyptians as early as 2000 B.C.: the sapphire and ruby were first known in Europe to the Etruscans and Greeks between 600 and 480 B.C. The latter gems and the diamond were, however, doubtless known to the Hindoos about 800 B.C. <strong><span style="color: magenta;">2</span></strong></div>
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<b></b><span class="Apple-style-span" style="color: #990033;"><b><br />
</b></span><img alt="" height="1" src="http://www.palagems.com/Images/dingbats/dot_clear.gif" width="12" />The value of a precious stone is determined by three main natural characteristics, its beauty (either fire or brilliancy or color), its durability, and its rarity; and a fourth artificial one, the perfection of its cutting, or in the trade, its “make.” Minor factors are an adequate supply, its portability, its international market, tariffs, and world economic conditions. These are the factors that determine the value of a fine diamond, ruby, emerald, or sapphire, and in a broad way have made them the most precious of human possessions at least, from the days of Pliny to our own time, a period of some 1900 years. The demand for them is relatively steady and sales are governed by the purchasing power of the world. Fashion, superstition, royal sponsorship, fear of substitution of imitations, nationalistic pride, and effective publicity more specifically affect the less valuable gems.</div>
<div class="article_body">
<br />
<img alt="gems, gem prices, diamond prices, history of gem prices, jewel prices, ruby prices, sapphire prices, emerald prices, ruby, sapphire, emerald, gemology, gemmology, jewelry" height="1" src="http://www.palagems.com/Images/dingbats/dot_clear.gif" width="12" />Durability is a factor common to the four precious stones here, considered, but of course to a higher degree in the diamond than in the sister gems, ruby and sapphire, and to a vastly higher degree than in the emerald. The relative softness of the olivine, or peridot, causing it to become scratched if worn in a ring, is one of the factors which lost the gem its former vogue. A diamond, a ruby, or a sapphire is as nearly indestructible as anything in this changing world: time scarcely affects it and fire damages it little. It is probable that an American of today wears a gem that once graced Charlemagne’s court, and scores of Greek and Roman engraved gems still exist.</div>
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<br /></div>
<span class="article_body"><img alt="gems, gem prices, diamond prices, history of gem prices, jewel prices, ruby prices, sapphire prices, emerald prices, ruby, sapphire, emerald, gemology, gemmology, jewelry" height="1" src="http://www.palagems.com/Images/dingbats/dot_clear.gif" width="12" />Were gems common, they would lose much of their value. I believe, however, that gem owners can face the future complacently: while the unmined supply of diamonds is doubtless adequate, the fields which in the past have supplied us with the best rubies and emeralds are now abandoned or worked only on a very small scale, and the yearly increment to the world’s sapphire supply is not large. But more than 200 years after the conquest of Peru, an over-abundant supply ruined the emerald market. Father Joseph de Acosta tells us that when he returned from: America in 1587 there were on his ship “two chests of emeralds; every one weighing at the least foure arrobas” (i.e. a total of 200 pounds). To show the effect on the price, he states that soon after the conquest a Spaniard in Italy showed a jeweler an emerald</span>“…of an excellent lustre and forme: he prized it at a hundred ducats: he then shewed him another greater than it, which he valued at 300 ducats. The Spaniard drunke with this discourse carried him to his lodging, shewing him a casket full. The Italian seeing so great a number of emeralds, sayde unto him,‘Sir, these are well worth a crowne a peece.’”</div>
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<br /></div>
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<img alt="gems, gem prices, diamond prices, history of gem prices, jewel prices, ruby prices, sapphire prices, emerald prices, ruby, sapphire, emerald, gemology, gemmology, jewelry" height="1" src="http://www.palagems.com/Images/dingbats/dot_clear.gif" width="12" />Overproduction has been even more disastrous in the case of a number of semi-precious stones. The enchanting cat’s-eye shared its popularity with its meaner sister, the tiger’s-eye, which latter was highly esteemed from 1880 to 1890, particularly ill America. Tiger’s eye once sold for $6 a carat or even more (say $11,200 a pound), but unfortunately it occurred in quantity on the Orange River, South Africa. Two speculators, each simultaneously, sent a whole cargo from this locality to London, and the price immediately fell to twenty-five cents a pound. In 1652, a fine amethyst is said to have been as valuable as a diamond, and a relatively high price was maintained until Civil War times, when large imports from Brazil rendered the stone comparatively valueless.</div>
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<br />
<img alt="gems, gem prices, diamond prices, history of gem prices, jewel prices, ruby prices, sapphire prices, emerald prices, ruby, sapphire, emerald, gemology, gemmology, jewelry" height="1" src="http://www.palagems.com/Images/dingbats/dot_clear.gif" width="12" />At present the greatest “mine” of gems is that in the hands of the wealthy. Unlike secondary copper, “secondary” gems only return to the market following a complete economic upheaval. The Russians of wealth were Oriental in their love of gems and their shrines were heavy with precious stones. After the revolution, these reached the European and American markets, in part through sales by needy refugees but largely through shipments by the Bolshevik government. It is a tribute to the stability of the gem market that the vast quantities of Russian gems thrown upon it from 1918 to the present time have been absorbed. To heighten the effect, this period coincided with that in which, due to the World War, many European nobles and some kings were forced to dispose of jewels which had been family heirlooms for generations. In normal times, this “mine” is a price stabilizer, for although through financial reverses or death of owners it disgorges a few gems every year, the amount is increased if gem prices become tantalizingly high. While an oversupply of gems is detrimental to the price, an undersupply may also be undesirable. About fifty years ago, the supply of good emeralds was so inadequate that jewel shops frequently displayed few or none, and people turned to other stones more familiar to them. We, who are interested in the diamond, are satisfied that the adequate supply of that gem, guaranteed by large, efficient mining companies, is one factor accounting for its increasing popularity during the past half century.</div>
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<span class="article_body"><img alt="gems, gem prices, diamond prices, history of gem prices, jewel prices, ruby prices, sapphire prices, emerald prices, ruby, sapphire, emerald, gemology, gemmology, jewelry" height="1" src="http://www.palagems.com/Images/dingbats/dot_clear.gif" width="12" /></span><span class="article_body">Political refugees throughout the ages have found the portability of gems valuable, as did that remarkable traveller and business man of 650 years ago, Marco Polo. When he and his uncle returned to Venice in 1295, their relatives failed to recognize these men garbed in shabby Tartar clothes and almost unable, through long disuse, to speak their native tongue. So the Polos invited their relatives to a stately banquet, and after each course they changed their garments of costly fabrics, the cloth of which was immediately cut and divided among the servants. When the banquet was completed and the servants had retired, Messere Marco brought from a chamber the three travel-stained coats in which the travellers had returned to Venice. With sharp knives, the seams were ripped open and from them came many large rubies, sapphires, garnets, diamonds, and emeralds so artfully concealed as to avert suspicion even if attacked by robbers. Upon quitting the service of the Great Khan of China, they had exchanged their gold for the most precious of gems, allowing that such a quantity of gold could not be transported over a road so long and so difficult. And Gian Battista Ramusio ends the tale with the naïve statement that the relatives “now saw that in spite of all their former doubts, these were really the honored and worthy gentlemen of the Polo family as they had claimed to be, and they therefore paid them the greatest honor and reverence. And when the story became current in Venice, straightway the whole city, gentle and simple, flocked to the house to embrace them, and to make much of them, with every conceivable demonstration of affection and respect.”</span></div>
<div class="article_body">
<span class="article_body"><br />
<img alt="gems, gem prices, diamond prices, history of gem prices, jewel prices, ruby prices, sapphire prices, emerald prices, ruby, sapphire, emerald, gemology, gemmology, jewelry" height="1" src="http://www.palagems.com/Images/dingbats/dot_clear.gif" width="12" />The prices of precious stones are, and have been for well over 500 years, standardized throughout the civilized world, due to a universal demand for them and to their portability. Vasco da Gama returned to Portugal from his first trip to India in 1499 with few jewels, since he found pearls and jewels very dear there. Somewhat less than two hundred years later, Tavernier states that prices of all fine gems except the diamond, and at times the emerald, are higher in India than in Europe and that most gems should be brought from Europe to India by traders and not purchased there. About 75 years ago even the diamond ceased to be an exception, and today one must be a knowing gem expert to advantageously purchase precious stones in the East. The Eastern potentates to this day are frequent buyers of especially fine gems in competition with the rich of Europe and America. In 1859, while Brazil was still the premier diamond producer of the world, diamonds, according to supply, might well be cheaper in London or Paris than in Rio de Janeiro.</span></div>
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<span class="article_body"><br />
<img alt="gems, gem prices, diamond prices, history of gem prices, jewel prices, ruby prices, sapphire prices, emerald prices, ruby, sapphire, emerald, gemology, gemmology, jewelry" height="1" src="http://www.palagems.com/Images/dingbats/dot_clear.gif" width="12" />In this day of intensified artificial restrictions to world trade, gem values are affected by duties; one of the recent depressants on the American prices of gems, largely the basis of the curves herewith presented (Fig. 2), was the reduction in July, I930, of the American duty on cut gems from 20 to 10 per cent. ad valorem.</span></div>
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<br /></div>
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<span class="article_body"><img alt="gems, gem prices, diamond prices, history of gem prices, jewel prices, ruby prices, sapphire prices, emerald prices, ruby, sapphire, emerald, gemology, gemmology, jewelry" height="1" src="http://www.palagems.com/Images/dingbats/dot_clear.gif" width="12" /></span><span class="article_body">Naturally, the world price of gems is affected unfavorably by financial panics and major wars. The French in the latter half of the 18th century bought gems to an extravagant degree, and those of the upper classes who were lucky enough to escape from the horrors of the French Revolution found their gems a means of subsistence in their new homes: denuded as was the homeland of diamonds and pearls, the social leaders after the Revolution were forced to be content with cameos and other inexpensive stones. As the United States is the largest purchaser of gems today, its prosperity in the years immediately before 1930, and its lack of excess funds from that date to this, are expressed in the price curves of the principal gems, although the present trend seems stationary and should soon be upward.</span></div>
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<span class="article_body"><br />
<img alt="gems, gem prices, diamond prices, history of gem prices, jewel prices, ruby prices, sapphire prices, emerald prices, ruby, sapphire, emerald, gemology, gemmology, jewelry" height="1" src="http://www.palagems.com/Images/dingbats/dot_clear.gif" width="12" />The notable increase in per capita wealth during the past fifty years multiplied the number of potential gem buyers. With the consequent increase in the number of wealthy individuals, the demand for large gems has broadened, and in the past two decades has perhaps tended to force down relatively the price of one-carat stones, the unit used in the table, since such stones have been supplanted by larger gems in the finest jewelry.<br />
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Fashion is a minor price factor among the finer gems, since they are almost always in fashion. From about 1916 to 1922, however, the ruby was less sought after than normally. On the other hand, the emerald was exceedingly popular in France when Napoleon III was emperor, green being the imperial color. Many of the minor gems, the garnet, amethyst, olivine, and topaz, are, however, much less popular than formerly. Some of us may have forgotten that in the nineties, no American dandy was well groomed without his cat’s-eye.</span></div>
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<span class="article_body"><br />
<img alt="gems, gem prices, diamond prices, history of gem prices, jewel prices, ruby prices, sapphire prices, emerald prices, ruby, sapphire, emerald, gemology, gemmology, jewelry" height="1" src="http://www.palagems.com/Images/dingbats/dot_clear.gif" width="12" />Superstition plays its part in gem values; for example, the senseless prejudice still held by otherwise sensible people against the glorious opal. In India, flawed or off-color sapphires are considered unlucky, although fine sapphires bring good luck.</span></div>
<div class="article_body">
<span class="article_body"><br />
<img alt="gems, gem prices, diamond prices, history of gem prices, jewel prices, ruby prices, sapphire prices, emerald prices, ruby, sapphire, emerald, gemology, gemmology, jewelry" height="1" src="http://www.palagems.com/Images/dingbats/dot_clear.gif" width="12" />Gems have always been considered appropriate votive offerings, and the famous shrines of the Roman Catholic, Greek Catholic, Buddhist and Brahminic faiths in particular are treasure-houses of beautiful gems. The emerald is in considerable demand for ecclesiastical use, as the stone is supposed to symbolize faith; green being one of the liturgical colors, the gem is used on altars and in vestments. The sapphire in the Middle Ages was supposed to cool all human passions, hence its frequent use in bishops’ rings.</span></div>
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<span class="article_body"><img alt="gems, gem prices, diamond prices, history of gem prices, jewel prices, ruby prices, sapphire prices, emerald prices, ruby, sapphire, emerald, gemology, gemmology, jewelry" height="1" src="http://www.palagems.com/Images/dingbats/dot_clear.gif" width="12" /></span><span class="article_body">Royal sponsorship has had its effect on gem prices. Frederick the Great of Prussia was a great admirer of chrysoprase, perhaps because it was mined in territory captured by him in 1745 in the Second Silesian war. His patronage for a time notably increased the prestige of this attractive species of quartz. The stone selected by members of the British royal family to be set in the bride’s engagement ring has always gained in popularity, more particularly in the British Empire. We may cite the cat’s-eye given Princess Louise of Prussia by the Duke of Connaught (1879); the emerald engagement ring of Viscount Lascelles and Princess Mary (1922); and the sapphire rings of the Duke and Duchess of York; (1923) and of the Duke of Kent and Princess Marina (1934).</span></div>
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<span class="article_body"><br />
<img alt="gems, gem prices, diamond prices, history of gem prices, jewel prices, ruby prices, sapphire prices, emerald prices, ruby, sapphire, emerald, gemology, gemmology, jewelry" height="1" src="http://www.palagems.com/Images/dingbats/dot_clear.gif" width="12" />From the time of the Egyptians, gems have been imitated, but few false gems are perplexing to any but the tyro. In 1890, however, Fremy and Verneuil succeeded in producing synthetic rubies and sapphires, and synthetic rubies began to appear on the market in 1904–5, and sapphires in 1909–10. For a time, the prices of these gems were unsettled; but when it was established, about 1912, that the short-comings of the man-made material could readily be detected by any competent jeweler, the prices of rubies and sapphires continued on their upward course.</span></div>
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<span class="article_body"><br />
<img alt="" height="1" src="http://www.palagems.com/Images/dingbats/dot_clear.gif" width="12" />Nationalistic sentiment may cause a rare precious stone to be abnormally popular in the land of its origin; the outstanding case was that of alexandrite in Czarist Russia; in America also the local gems, benitoite, kunzite, hiddenite and tourmaline are more commonly used than elsewhere. Alexandrite was first found in the Urals on the day the Czarevitch, Alexander Nicolajevitch, later Alexander II, became of age. This was enough to render it popular in Russia, but the stone, green by natural, and red by artificial light, combined the colors of the Imperial Guard.</span></div>
<div class="article_body">
<span class="article_body"><br />
<img alt="gems, gem prices, diamond prices, history of gem prices, jewel prices, ruby prices, sapphire prices, emerald prices, ruby, sapphire, emerald, gemology, gemmology, jewelry" height="1" src="http://www.palagems.com/Images/dingbats/dot_clear.gif" width="12" />Effective publicity increased the value of gems in the Middle Ages, for in those days the trade was accustomed to exaggerate the perils of obtaining precious stones from the Eastern gem fields: with transportation such as it then was, the perils were enough without multiplying the number of man-eating tigers that waylaid the traveler, Without transforming peaceful natives into cannibals, and without introducing a fancy assortment of dragons, gryphons and monstrous serpents. The first tourmaline recognized in Europe was found in 1703 among a package of Ceylonese stones discarded by a Dutch lapidary. The children of the neighborhood were intrigued by the gem’s ability to attract light objects, and dubbed it “aschentrecker” or “ash drawer.” French and English scientific circles started furious discussion of this phenomenon, and the socially prominent eagerly sought a piece of tourmaline jewelry. One of Hogarth’s paintings shows a gay youth of the day absorbed with the wonders of his tourmaline as he held it in the rays of the sun.</span><br />
<span class="article_body"><br />
<img alt="gems, gem prices, diamond prices, history of gem prices, jewel prices, ruby prices, sapphire prices, emerald prices, ruby, sapphire, emerald, gemology, gemmology, jewelry" height="1" src="http://www.palagems.com/Images/dingbats/dot_clear.gif" width="12" />The world has been relatively consistent in its ranking, of gems for some 1900 years, for Pliny informs us that after the diamond, “the most costly of human possessions” known “to kings only and to very few of them,” the Romans ranked the pearl, then the emerald, and then the opal. He does not give a rating of the ruby and the sapphire. The Five Great Gems of the Hindoos (Maharatnani) from time immemorial have been the diamond, pearl, ruby, emerald and sapphire. In the 13th century, the Persians ranked the diamond after the pearl, ruby, emerald and chrysolite. But the primitive cutting of that day brought out but a small fraction of the diamond’s brilliancy and fire. </span></div>
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<img alt="Graph of Stone Prices" height="261" src="http://www.palagems.com/Images/ball_prices_fig1.jpg" width="400" /></div>
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<tr><td class="caption">Fig. 1. Graph showing price range of diamond, ruby, sapphire and emerald in comparison with industrial stocks and commodity prices, 1860 to 1934. </td></tr>
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Figure 1 gives an average for the past seventy-four years of the price graphs of the diamond, emerald, ruby and sapphire without weighing <span style="color: black;"><strong><span style="color: magenta;">3</span></strong> </span>the relative sales volume of the four gems. I have added thereto a curve representing the mean price of representative industrial stocks quoted on the New York Stock exchange, and likewise a commodity price curve. The upward tendency of the gem prices, together with their relative stability, correlates the findings of Mr. Lewisohn, a writer in the French Magazine “Vu.” A listing of the richest men of the world before and after the 1929 panic showed him that the Indian rajahs whose wealth was largely in gold and precious stones had fared much better than American and European multi-millionaires with their wealth in stocks and bonds: This is not, however, set forth as an argument for the investment value of gems, which pay no dividends except those of the constant enjoyment of beauty. Further, it should be emphasized that a forced sale of gems in times of financial distress might net but 50 to- 70 per cent. of the price at which they were bought, although if given ample time, the jewel broker should be able to dispose of gems at prices approximating, those given in Figure 2.</div>
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<img alt="Graph of Precious Stones" height="253" src="http://www.palagems.com/Images/ball_prices_fig2.jpg" width="400" /></div>
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Fig. 2. Prices of precious stones, I778-1934.<br />
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<i>Emerald:</i>–(1) 1567–1800. Market depressed by oversupply of Colombian emeralds. (2) 1852–1871. Very popular under Third Empire (France). (3) Princess Mary’s engagement ring-stone, emerald. (4) 1930. American tariff reduced from 20 to 10 per cent ad valorem, emphasizing effect of depression.<br />
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<em>Sapphire:</em>–(1) 1871–2. After Franco-Prussian War, became very popular. (2) 1883–1903. Four new fields increase supply greatly. (3) 1909–1910. Synthetic sapphires appear on market; by 1912 adverse effect ended. (4) 1930. American tariff reduced from 20 to 10 per cent. ad valorem, emphasizing effect of depression.<br />
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<em>Ruby:</em>–(1) 1887. Burma Ruby Mines Ltd. starts operations. (2) 1904–5. Synthetic rubies appear on market. (3) 1916-22. Ruby temporarily out of vogue. (4) American tariff reduced from 20 to 10 per cent. ad valorem, emphasizing effect of depression.</div>
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<span class="article_body"><img alt="gems, gem prices, diamond prices, history of gem prices, jewel prices, ruby prices, sapphire prices, emerald prices, ruby, sapphire, emerald, gemology, gemmology, jewelry" height="1" src="http://www.palagems.com/Images/dingbats/dot_clear.gif" width="12" />The prices used in compiling the graphs are to be considered as approximations only of the value of a good one-carat cut stone. In the first place, the authorities depended upon do not in all cases specify the grade of gem priced; and further, in colored gems there is a wide latitude in what two experts consider a fine stone. In a broad way, however, the graphs are believed to present a true picture of changes in gem prices. While a number of early gem prices exist, covering the period from the 12th to the 18th centuries, they are few, and probably refer to stones of such varying grade that it would be of doubtful value to extend the diagram to include them.</span><br />
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<img alt="gems, gem prices, diamond prices, history of gem prices, jewel prices, ruby prices, sapphire prices, emerald prices, ruby, sapphire, emerald, gemology, gemmology, jewelry" height="1" src="http://www.palagems.com/Images/dingbats/dot_clear.gif" width="12" /></span><span class="article_body">From about 26 A.D. to about 1500 A.D., a one-carat white diamond was the most expensive stone; from 1501 to about 1800 the ruby led; from 1801 until 1872 the diamond regained and held the lead, but from the later date to the present day the emerald has been the most expensive stone.</span><br />
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<img alt="" height="1" src="http://www.palagems.com/Images/dingbats/dot_clear.gif" width="12" />Exceptionally fine gems are so rare that they have no fixed price, and each transaction becomes a matter of negotiation between buyer and seller. As with a fine painting or other work of art, set rules do not hold. Such are red, green, or blue diamonds, white diamonds of unusual size and brilliancy, rubies of over four carats, emeralds of fine deep color and relatively free of flaws, particularly if of good size, and unusually fine sapphires.</span><br />
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<img alt="" height="1" src="http://www.palagems.com/Images/dingbats/dot_clear.gif" width="12" />The ruby (Fig. 2, C) has always been one of the highest priced gems, alternating with the diamond and the emerald for the leadership in one-carat prices, while exceptionally large rubies (3 to 9 carats or more), due to their great rarity, are the most expensive of stones. Such stones bring from $3000 to $7000 a carat. About 1592, Linschoten introduced a rule for the valuation of gems, namely, the value of a stone of more than one-carat is the product of the value of a one-carat stone by the square of the stone’s weight. For the past sixty years, this rule has been valueless in diamond valuation, clue to the extraordinary number of large stones reaching the market from South Africa. It is still approximately correct in ruby valuation, the resulting price being too high in the case of stones only slightly over a carat and too low in those of three carats or more. Benevenuto Cellini, in 1558, gave the following figures for a one carat stone:</div>
<ol>
<li class="article_body">Ruby <img alt="" height="1" src="http://www.palagems.com/Images/dingbats/dot_clear.gif" width="12" /><img alt="" height="1" src="http://www.palagems.com/Images/dingbats/dot_clear.gif" width="12" /><img alt="" height="1" src="http://www.palagems.com/Images/dingbats/dot_clear.gif" width="12" /><img alt="" height="1" src="http://www.palagems.com/Images/dingbats/dot_clear.gif" width="12" />$779.20 </li>
<li class="article_body">Emerald <img alt="" height="1" src="http://www.palagems.com/Images/dingbats/dot_clear.gif" width="12" /><img alt="" height="1" src="http://www.palagems.com/Images/dingbats/dot_clear.gif" width="12" /><img alt="" height="1" src="http://www.palagems.com/Images/dingbats/dot_clear.gif" width="12" /> 389.60 </li>
<li class="article_body">Diamond <img alt="" height="1" src="http://www.palagems.com/Images/dingbats/dot_clear.gif" width="12" /><img alt="" height="1" src="http://www.palagems.com/Images/dingbats/dot_clear.gif" width="12" /><img alt="" height="1" src="http://www.palagems.com/Images/dingbats/dot_clear.gif" width="12" /> 48.70 </li>
<li class="article_body">Sapphire <img alt="" height="1" src="http://www.palagems.com/Images/dingbats/dot_clear.gif" width="12" /><img alt="" height="1" src="http://www.palagems.com/Images/dingbats/dot_clear.gif" width="12" /><img alt="" height="1" src="http://www.palagems.com/Images/dingbats/dot_clear.gif" width="12" /> 4.87 </li>
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<img alt="" height="1" src="http://www.palagems.com/Images/dingbats/dot_clear.gif" width="12" />I infer that the ruby and emerald were exceptionally fine stones, or perhaps Benevenuto, as he sometimes did, was exaggerating a bit. The one-carat ruby continued to be more valuable than the diamond up to the end of the 18th century, but the diamond then passed it and continued higher in price until 1884, when for five years the ruby exceeded it. About 1872 the price of a fine one-carat emerald passed that of both diamond and ruby, and presumably the emerald will in the future retain first place. In gems of two carats or more, however, even in the first eight decades of the 19th century, rubies were more valuable than diamonds. From about 1906 to 1908, the price was slightly depressed by the appearance on the market of synthetic rubies, while from about I906 to 1922 the stone somewhat lost its vogue. Since the company producing fine rubies, Burma Ruby Mines Ltd., is no longer operating, further advances are likely.</div>
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<span class="article_body"><img alt="" height="1" src="http://www.palagems.com/Images/dingbats/dot_clear.gif" width="12" />The price of the sapphire (Fig. 2, B) is much below that of the diamond, but Streeter, in 1884, reported that some fine 2 to 3 carat stones were then as valuable as diamonds of the same weight. In the interval from 1880 to 1905, the price decreased due to the bringing into production of four important fields within a period of but twelve years, namely: (I) the beginning of sapphire mining in Queensland in 1881 (discovery 1876, important production not until 1891); (2) the discovery of the Kashmir field in 1882 and (3) that of Phailin, Cambodia, in 1885; and (4) the opening up of the Montana field in 1893 (sapphires first recognized there in 1865). Fine large sapphires are by no means as rare as fine large rubies or emeralds, and in consequence the price increase per carat is by no means as great as in those gems: a ten-carat stone might be worth from 40 to 60 times the value of a one-carat stone.</span><br />
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<img alt="" height="1" src="http://www.palagems.com/Images/dingbats/dot_clear.gif" width="12" />The emerald (Fig. 2, A) is at present the most precious of all gems; it has always held a high place except from about 1565 to 1790, when the price was depressed by unwieldy exports from South America. The value of an emerald is determined by depth of color, brilliancy and relative freedom from flaws, for flawless emeralds are practically non-existent. Stones of good quality over one-carat, more or less, increase in value by the square of the weight–a generalization true since the 16th century.</span><br />
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Sydney H. Ball<br />
26 Beaver Street,<br />
New York City,<br />
March 1, 1935</div>
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<span class="head2">Footnotes</span><span style="font-family: Verdana, Arial, Helvetica, sans-serif; font-size: large;"><b> </b></span></h1>
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<a href="http://www.blogger.com/post-edit.g?blogID=7339192809281603642&postID=3579683275519305598" id="footnote1" name="footnote1"></a>1. <i>The Jewelers’ Circular,</i> vol. 94, July 27, 1927, pp. 31–35; <i>Eng. And Min. Jour.,</i> Aug. 6, 1927.</div>
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<a href="http://www.blogger.com/post-edit.g?blogID=7339192809281603642&postID=3579683275519305598" id="footnote2" name="footnote2"></a>2. Ball, Sydney H.: Historical Notes on Gem Mining. <i>Economic Geology,</i> vol. 26, pp. 681–738, 1931.</div>
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<a href="http://www.blogger.com/post-edit.g?blogID=7339192809281603642&postID=3579683275519305598" id="footnote3" name="footnote3"></a>3. Diamonds sales much exceed those of all other gems combined; accounting as they do for perhaps 95 per cent. of the total.<br />
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Geir Solem<br />
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<a href="http://thegoldvault.blogspot.com/">http://thegoldvault.blogspot.com</a><br />
Copyright (C) 2010 all rights reserved</div>
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Gold Vaulthttp://www.blogger.com/profile/12108487755345592301noreply@blogger.com0tag:blogger.com,1999:blog-7339192809281603642.post-9569972879974961642010-06-26T12:51:00.000-07:002013-02-20T08:17:39.925-08:00The historical price of silver - from the Renaissance<div>
We republish this article regarding silver's historical prices, with permission of the market timer and research organization <a href="http://www.elliottwavetechnician.blogspot.com/">Elliott Wave Technician</a>.<br />
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Here is an interesting long term historical chart of silver showing prices from 1344 to 1998. The prices are in 1998 United States Dollars.<br />
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In 1477 the silver price peaked long term at USD 806. The lowest price of silver was USD 4.73 in 1992. Silver prices has been declining for centuries.<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiI5QG2mKyGHHCo3_DB5I4uYirptiKjJ-xhTH41awi38vP68eaiXfTt6S_Nk-lZ1A4ugT2iBxRZlxzHX6Pt8_2NQbUm-IiRJEIT7rIZysw6Mv60ZbxaCtYPKR0bJRleh7KWqb39AouPSucn/s1600/600yearsilver.gif" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" height="230" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiI5QG2mKyGHHCo3_DB5I4uYirptiKjJ-xhTH41awi38vP68eaiXfTt6S_Nk-lZ1A4ugT2iBxRZlxzHX6Pt8_2NQbUm-IiRJEIT7rIZysw6Mv60ZbxaCtYPKR0bJRleh7KWqb39AouPSucn/s400/600yearsilver.gif" width="400" /></a></div>
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Source: The above chart courtesy of Sharelynx. Click on the chart for a larger image.<br />
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Notice the how the Gold/Silver Ratio, with right scale, showed in yellow color on the chart, has been rising for 600 hundred years.<br />
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As you see, silver prices, like gold prices, were relatively low during the French Revolution / Napolionic wars, WWI and WWII. Could this be because individuals, nations and organizations sell their silver holdings at war time?</div>
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You can have access to our full analysis with Elliott Wave counting for gold , silver and other precious metals by subscribing to Elliott Wave Technician's premium service at <a href="http://elliottwavetechnician.com/" target="_blank">elliottwavetechnician.com/</a>.</div>
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Geir Solem</div>
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Copyright (C) 2010 all rights reserved</div>
Gold Vaulthttp://www.blogger.com/profile/12108487755345592301noreply@blogger.com0tag:blogger.com,1999:blog-7339192809281603642.post-48694784827372574152010-06-26T12:22:00.000-07:002013-02-20T08:20:47.768-08:00Historical price of gold - from the RenaissanceWe republish this article regarding gold's historical prices, with permission of the market timer and research organization <a href="http://www.elliottwavetechnician.blogspot.com/">Elliott Wave Technician</a>.<br />
<br />
Here is an interesting long term historical chart showing gold prices from 1344 to 1998. The prices are in 1998 United States Dollars.<br />
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In 1482 the gold price peaked long term at USD 2400. The lowest price of gold was USD 19.90 in 1919. The average price of gold during this period was USD 627.<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEixIDqEv0fLF_stGbj0x_vMbxyLdOwIMW3yFeBrzkSQ7jxXOqQI0aUML9kRTGDeymfbrdA42-1ORGnuzhC5FhvFdQTeY3l8is-co1heoJbquhvPkwnaVdVxKVzSFUFcHYODQ-A-XOcGme_f/s1600/600yeargold.gif" imageanchor="1" style="clear: left; cssfloat: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" height="170" ru="true" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEixIDqEv0fLF_stGbj0x_vMbxyLdOwIMW3yFeBrzkSQ7jxXOqQI0aUML9kRTGDeymfbrdA42-1ORGnuzhC5FhvFdQTeY3l8is-co1heoJbquhvPkwnaVdVxKVzSFUFcHYODQ-A-XOcGme_f/s400/600yeargold.gif" width="400" /></a></div>
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Source: The above chart courtesy of Sharelynx. Click on the chart for a larger image.<br />
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As you see, gold prices were relatively low during the French Revolution / Napolionic wars, WWI and WWII, fluctuating around USD 160 to USD 250. Could this be because individuals, nations and organizations sell their gold holdings at war time?<br />
<br />
You can have access to our full analysis with Eliott Wave counting for gold , silver and other precious metals by subscribing to Elliott Wave Technician's premium service at <a href="http://elliottwavetechnician.com/" target="_blank">elliottwavetechnician.com/</a>.<br />
<br />
Geir Solem<br />
<br />
<a href="http://thegoldvault.blogspot.com/">http://thegoldvault.blogspot.com</a><br />
Copyright (C) 2010 all rights reservedGold Vaulthttp://www.blogger.com/profile/12108487755345592301noreply@blogger.com0tag:blogger.com,1999:blog-7339192809281603642.post-7233866428577849082010-04-15T10:29:00.000-07:002013-02-20T08:52:31.551-08:00Gold - Wealth storage - Jewelry - more...?Sir Isaac Newton, 1642-1727, English natural Philosopher is regarded as the most original and influential theorist in the history of science. In addition to his invention of the infinitesimal calculus and a new theory of light and color, Newton transformed the structure of physical science with his three laws of motion and the law of universal gravitation. As the keystone of the scientific revolution of the 17th century, Newton's work combined the contributions of Copernicus, Kepler, Galileo, Descartes, and others into a new and powerful synthesis. Three centuries later the resulting structure - classical mechanics - continues to be a useful but no less elegant monument to his genius.<br />
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Newton engrossed himself in alchemical research. These studies, were rigorous investigations into the hidden forces of nature. Newton's alchemical studies opened theoretical avenues not found in the mechanical philosophy, the world view that sustained his early work. While the mechanical philosophy reduced all phenomena to the impact of matter in motion, the alchemical tradition upheld the possibility of attraction and repulsion at the particulate level. Newton's later insights in celestial mechanics can be traced in part to his alchemical interests. By combining action-at-a-distance and mathematics, Newton transformed the mechanical philosophy by adding a mysterious but no less measurable quantity, gravitational force. <br />
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In 1696 Newton was oppointed Master of the Mint which made him in charge of the entire gold holdings of Great Britiain. A position he held to his death.<br />
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Newton moved the Pound Sterling from the silver standard to the gold standard by setting the bimetallic relationship between gold coins and the silver penny in favour of gold. This caused silver sterling coins to be melted and shipped out of Britain. Newton was made President of the Royal Society in 1703 and an associate of the French Académie des Sciences.<br />
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Do you think it was" the wealth" or "the beauty" aspect of gold that intriged Newton ? Or was it something else ? We can help you with the basics of buying, selling and storing gold.<br />
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Follow The Gold Vault on its journey to explore Sir Isaac Newton's interest and reveal all the secrets of gold.<br />
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Christina J. Kruger<br />
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<a href="http://thegoldvault.blogspot.com/">http://thegoldvault.blogspot.com</a><br />
Copyright (C) 2010 all rights reservedGold Vaulthttp://www.blogger.com/profile/12108487755345592301noreply@blogger.com0tag:blogger.com,1999:blog-7339192809281603642.post-58827889964323545672010-04-15T10:03:00.000-07:002013-02-20T08:50:46.445-08:00Privacy PolicyWe take your privacy seriously. This policy describes what personal information we collect and how we use it. (This privacy policy is applicable to websites falling under the primary holder The Gold Vault at <a href="http://thegoldvault.blogspot.com/">http://thegoldvault.blogspot.com/</a>.)<br />
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Concerns or questions about this privacy policy can be directed to The Gold Vault at <a href="mailto:thegoldvault@gmail.com">thegoldvault(at)gmail.com</a> for further clarification.Gold Vaulthttp://www.blogger.com/profile/12108487755345592301noreply@blogger.com0tag:blogger.com,1999:blog-7339192809281603642.post-57637984142766051772010-04-15T09:55:00.000-07:002012-09-12T08:54:42.893-07:00CopyrightsCopyright © 2010 The Gold Vault. All Rights Reserved.<br />
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