It seems everything now has to have a digital spin in the modern world where our everyday lives are flooded with technology. Digital Gold Currency (DGC) is a private monetary system independent from any government, based on a the physical measure of gold value, normally quoted in troy ounces.

The currency is a none physical gold asset issued by several companies, including e-Gold and Gold Money for transmitting between account holders.

The main advantage of Digital Gold Currency is cross border financial transactions, in theory, digital gold transcends territorial borders, independent of local currency exchange rates and duties.

Digital Gold Currency accounts and held credit, just like physical gold and currency are susceptible to fluctuations in value relative to the current market value - Your transaction value can literally sell or deflate while in transit to the recipient!

Most Digital Gold Currency Companies operate a physical gold backed guarantee, covering their exposed capitol with gold stored in a secure location, many will publicise a 100% physical gold backed guarantee.

There are several legal implications to the business practises of many Digital Gold Currency operators, the US Government is currently pursuing several companies on charges relating to unlicensed money transactions. Of all the Digital Gold Currency companies currently operating, only one, Gold Money, is regulated by the Financial Regulatory Authority.

If you're looking to make an investment in gold, nothing delivers more satisfaction or security than owning physical gold. The Gold Bullion Co. offer a wide range of gold bullion stock ranging from gold sovereign coins to 1kg gold bars! With investment opportunities available for every investor anyone can buy gold online.

What will 2010 hold for the ongoing gold price surge? This week, the managing director of American Precious Metals Advisors suggested that Gold Prices could reach as much as $1,500 per ounce next year.

He believes that despite the recent correction, the four pillars of gold-price strength remain intact. 
These are:
1. Inflation-fueling U.S. monetary and fiscal policies.
2. Central bank reserve diversification with the official sector being a purchaser rather than a supplier of gold.
3. Expanding retail and institutional investor participation in the United States, China, and around the world.
4. Declining world gold-mine production.

Ted Scott, the director of UK strategy at F&C Investments has also said “The only way that gold can underperform is if the US and other developed economies recover in a conventional way by cutting spending and raising taxes while at the same time embarking on a period of stable economic growth.”

Given the significant challenges ahead, a muted and fragile recovery appears more likely. It will probably take several more years to recover from the credit crunch and alternative assets like gold will remain attractive in such an uncertain environment.

So why not take this opportunity to make a purchase from the Gold Bullion Company?

VAT is part of everyday life in the UK, but why isn't it charged on Gold?

In the UK the majority of goods and services are subject to the standardVAT  rate of 17.5% (temporarily cut to 15% between 1 December 2008 and 31 December 2009). Certain items are subject to a reduced rate of 5%, while other items such as gold are totally VAT exempt. However, this hasn’t always been the case. Prior to 1 January 2000, gold sales in the UK were taxed at the standard rate or VAT...

Unfortunately, throughout the European Union, the VAT treatment of gold varied widely. This led to distortion of competition. The UK was at a particular disadvantage since in several Member States gold was either exempt or taxed at a very low rate. Consequently, it was felt desirable to introduce a single system for the VAT treatment of gold throughout the EU. The introduction of the exemption meant that for VAT purposes, gold would be placed on the same footing as other investments, such as stocks and shares.

This exemption became law in The VAT Act 1994. The act also stated that certain gold coins should be included in the exemption. This is because a number of coins are bought not for their rarity or numismatic interest but for their value as gold bullion – and therefore, it would be inconsistent not to include them.

A list of qualifying gold coins is published by the European Commission in December each year to ensure consistency across the EU. The UK duplicates this in Notice 701/21A, alongside an additional list of gold coins accepted by the UK as qualifying for exemption.

I'd like to buy VAT free gold bullion online.

Labels: VAT Free

Ever wondered what is the largest gold nugget ever found?

The world’s largest gold nugget, discovered in 1869 is commonly known as the ‘Welcome Stranger’.

Meaning 610mm x 310mm it weighed some 72KG (2315.5 troy ounces) and was eventually refined to a weight of 2283 ounces – Raw gold from the earth consists of around 22 carat purity. Refining the gold into pure 24 carat removes the excess imperfect alloy make-up.

The nugget was discovered near the historical town of Moliagul, in the Australian territory of Victoria.  At the time of the discovery, by John Deason and Richard Oates both gold miners originating from Cornwall, England, the nugget which lay just a few inches below the surface of the earth in loose soil - was valued at just over £9000, a considerable fortune in the late nineteen century.

Should a similar find be discovered today, the nugget would be worth around £1.4 million!

Want to invest in your own gold nugget?  Buy Gold Bullion from the Gold Bullion Co.

Labels: gold nugget, Moliagul, Welcome Stranger