Wednesday, August 31, 2011

The Most Valuable Coin in the World

The 1933 Double Eagle coin, which has a face value of $20, is actually valued at $7.6 million. The vintage gold coin was one of the last minted by the U.S. government, escaping the fate of other gold coins that were melted down into bullion in 1937.

The coin that sits in the lobby of the U.S. Federal Reserve is not the only remaining Double Eagle coin. Specialists think that they have a ballpark of how many to look for, but with attempts to locate the coins spanning 70 years, 13 Presidential administrations, and 12 different directors, the chances of finding these coins is quite an extravagant investigation. Not to mention, the scenarios tied to finding the coins sound like a movie—spanning three continents, informants, royalty and even a sting setup in NYC’s famed Waldorf.

One has to wonder…why is the government so motivated to recover these coins? Yes, they are made of gold, but as the investigation nears almost 100 years of searching, the persistence behind the search is a mystery in itself. The coins were minted at a point when the gold supply was nearly down to nothing, and President Franklin D. Roosevelt ordered that all Americans must trade gold coins for paper currency, in an attempt to rebuild the Federal Reserve supply.

To read more about the mystery of the Double Eagle, check out a recent article on MSNBC.

Wednesday, August 24, 2011

24 Karat Gold for Your Face?

La Rocca Skincare has revolutionized skincare by creating the Cellular Gold Complex, which is derived from 24K Colloidal Gold. The gold serves to boost electron transfer with natural metal ions within the skin, resulting in cell turnover. Products range from 24K gold exfoliating cleansers, eye creams, mouturizers, gels, masks, and several other skin treatments, all of which will help to life, tighten, brighten and protect from free radicals.

Gold jewelry and accessories are only the tip of the iceberg if you just can’t get enough of gold. Now, you can literally incorporate it into your daily beauty routine thanks to La Rocca skincare. Products are available online through the official website, La Rocca Skin Care, or through select spas.

Friday, August 19, 2011

DKNY Delicious Gets Golden Makeover

The bottle for the popular perfume known as DKNY Golden Delicious recently underwent a luxurious makeover, creating what’s being haled as the first million dollar bottle of perfume. The typically glass and silver container is redone in 14 carat gold and embellished with a diamond encrusted New York City skyline.

Diamonds and gold all over your perfume bottle? While we are used to diamond and gold jewelry, a perfume bottle to this degree of luxury takes gold accessories to a new level!

The bottle will be sold after completing a world tour, with proceeds going to Action Against Hunger. Martin Katz designed the bottle, with an accompanying glass tray covered in various gems that props up the apple shaped perfume bottle.

Thursday, August 18, 2011

43 Carat “Golden” Diamond to Be Auctioned

A 43.5 carat diamond that’s commonly known as the “Golden Eye” for its yellow hue will be auctioned online in September. The fabulous jewel, which is one of the biggest diamonds to be discovered, will be auctioned for about $20 million. The diamond was confiscated from money launderer Paul Monea, an infomercial magnate from Ohio.

Monea initially saw financial success with Billy Blanks’ Tae Bo workout tapes, which made him a millionaire. He was trying to sell the diamond, which he always kept in his pocket, along with other luxuries like his mansion, to a drug cartel broker—only the broker was actually an FBI agent undercover.

Unfortunately for Monea, his attempt to deal with illegal transactions cost him his jewel and his freedom. If you’ve got gold jewelry or other luxurious pieces to get off your hands, go with a trusted source to sell your valuables, such as Cash 4 Gold. Sell your unwanted gold jewelry to us and we’ll give you cold-hard cash!

Friday, August 12, 2011

A Gold Dress: Fashion Trend of Faux Pas?

Recently, teen celebrity Emma Roberts stepped out for the Miu Miu party wearing a shiny gold metallic shift dress. But the dress wasn’t just metallic; it was also adorned with a shiny gold fringed beaded neckline. While Roberts toned the look down (slightly) with black platforms and a black clutch, this look may still be a tad “too much.”

What do you think? Do you venture out in the metallic apparel department or do you think smart accessories like gold jewelry makes a statement on its own?

Wednesday, August 10, 2011

What’s More Luxurious than a Ferrari? 24 Karat Gold Ferrari!

A Swiss artist, Dante Rubli, has created a 24-karat gold sculpture of a Ferrari 250 GTO that will be unveiled to anxious viewers at the 2011 Pebble Beach Concours d’Elegance. This isn’t Rubli’s first car creation; he has also made sculptures of an Aston Martin and a Mercedes 300 SL. The golden doppelganger is planned to rest aside the real deal at the Southern California event.

Of course, the gold replica is expensive, but not as expensive as the car it is modeled after. The 250 GTO went for about $12 million a few years ago, but with the value of gold going up, who knows if the golden Ferrari will inch closer in value to the real deal!

Wednesday, August 3, 2011

Gold Bullion In The United States Part One: Fort Knox

Fort Knox, Kentucky, which was opened in 1937, holds one of the largest deposits of the United State’s gold bullion and gold reserves.

The Fort Knox facility holds more than 4,603 tons of gold bullion. This deposit is second only to the Federal Reserve Bank of New York, which also has an underground vault at its Manhattan location as trust for U.S. Banks and foreign organizations.

Due to the gold call-in of 1933 under FDR, all gold and gold bullion – with the exception of collectible gold coins – were confiscated by the government, as the government declared private ownership of gold an illegal act (see our other article, The 1933 Gold Call-In: What, How, Why for more information on this topic). This, of course, was later re-legislated by Nixon so that governmental gold hoarding could only be exercised in times of war and was not justified by a banking crisis.

Due to the forced selling of gold by citizens and buying of gold by the government, vast amounts of gold were acquired by the U.S. mints, and few adequate places of storage existed. The United States Department of Treasury constructed the Fort Knox, KY U.S. Bullion Depository in 1936. The land was granted by the military and cost $560,000 to construct. The physical transferring of the gold to the facility took more than seven months to move the bullion from banks across the country to the new location, requiring 500 railroad cars and the United States Postal Service to transport.

The Fort Knox institution has served as housing and storage for the U.S. Declaration of Independence, Constitution, the Articles of Confederation, Lincoln's Gettysburg address, three volumes of the Gutenberg Bible, Lincoln's second inaugural address and the Magna Carta. The crown, sword, scepter, orb, and cape of St. Stephen, King of Hungary also were stored at the Depository, before being returned to the government of Hungary in 1978. The vault has consistently held foreign reserves and other significant historical documents for periods in history.