Monday, July 20, 2009

Recent News: Gold rallies above $950

New York — Reuters
Monday, Jul. 20, 2009 03:22PM EDT

Gold (GC-FT948.6011.101.18%) futures rallied above $950 (U.S.) an ounce Monday, reaching the highest level in more than a month, as a sharp dollar decline and better U.S. corporate earnings boosted bullion's inflation-hedge appeal.

Commodities in general benefited from a sharper appetite for risk, dealers said, with world stocks rallying as investors were tempted back into higher-yielding assets.

A brighter outlook for the financial sector amid economic optimism has underpinned the gold market this week. The metal, viewed as an inflation hedge, has been weighed down by the prospect of deflation, or a downward spiral in prices.

“You are starting to see the precious metals taking the lead on the positive rebound of the better-than-expected earnings coming out of the U.S. stock market, and the anticipation of reflation,” Frank McGhee, head precious metals trader at Integrated brokerage Services LLC in Chicago.

U.S. August futures settled up $11.30, or 1.2 per cent, at $948.80 an ounce on the Comex division of the New York Mercantile Exchange. The August contract hit a session peak of $955.40, which marked the loftiest level since June 12.

Spot gold traded at $949.50 an ounce at 2:33 p.m. ET, against $936.50 in its previous session finish.

Prominent independent investor Dennis Gartman said on Monday he is now a buyer in the gold market because of bullion's technical strength and its status as a hedge against the U.S. dollar.

The dollar slid to a six-week low against the euro as rising stock markets boosted appetite for higher-yielding currencies seen as riskier.

Other commodities also benefited from stronger risk appetite, with oil climbing toward $65 a barrel and copper rising to its highest level since October.

“It's a combination of several factors – dollar weakness, the strength of the oil price,” said Eugen Weinberg, analyst at Commerzbank.

Gold priced in euros rose to a three-week high of €671.24 ($955.13) an ounce, while sterling-priced gold reached a peak of £578.78 ($957.68), its highest since June 11.

“Appetite for commodities [is] coming back with the hope of an economic recovery,” said Alexander Zumpfe, a trader at precious metals house Heraeus.

Analysts say the euro's break up through $1.42 may fuel further gains in the gold price.

Bullion, like all dollar-priced commodities, becomes cheaper for holders of other currencies as the U.S. unit weakens.

Demand for physical gold, however, remained lacklustre, with the main bullion-backed exchange-traded fund, the SPDR Gold Trust, reporting a 0.31-tonne outflow on Friday. The fund said its gold holdings dropped more than 15 tonnes last week.

Among other precious metals, silver (SI-FT13.620.221.62%) tracked gold higher, rising nearly 2 per cent to $13.62 an ounce from $13.39. Platinum (PL-FT1,187.00-1.90-0.16%) was at $1,182 an ounce against $1,171, while palladium (PA-FT255.60-0.40-0.16%) was at $252 against $246.

Wednesday, May 13, 2009


Halach Gold Inc. is proud to support The Paterson Turkish Women's Club in the 4th Annual Paterson-Clifton Turkish American Parade & Festival!
You are welcomed to join us this Saturday, May 16, 2009. There will be a chance to win free 24k refinery certified GOLDGRAM bars through our fun raffle event.
Hope to see you there!
- GOLDGRAM team

Monday, May 11, 2009

Money Markets May 4th –8th 09

The US dollar got weaker this past week, as stocks and commodities continued to strengthen as incoming data persists to suggest the worst of recession is over.

US April jobs data were also not as bad as forecasted, though the unemployment rate continues to rise. According to the Department of Labor statistics; “Nonfarm payroll employment continued to decline in April (-539,000), and the unemployment rate rose from 8.5 to 8.9 percent. Since the recession began in December 2007, 5.7 million jobs have been lost. In April, job losses were large and widespread across most private-sector industries. Overall, private-sector employment fell by 611,000. The Unemployment rates rose in April for adult men (9.4 percent) and blacks (15.0 percent). The jobless rates for adult women (7.1 percent), teenagers (21.5 percent), whites (8.0 percent), and Hispanics (11.3 percent) were little changed over the month. The unemployment rate for Asians was 6.6 percent in April”.
The data above shows that the recession is deepening but investors saw an optimistic side. The job losses (539,000) were less than lost in February (681,000) and March (699,000). Since March 9th, the Standard & Poor (S&P)’s 500-stock index has grow 37.4%, and it is up to 2.9% for the year.
In the week of May 4th (last week)
The YIELD on the 10-year Treasury note rose to 3.29%, from 3.15%.
The DOW JONES industrial average increased 362.24 points (4.4%), to close at 8,574.65.
The S&P 500 climbed 51.71 points (5.9%), to close at 929.23.
The NASDAQ composite index gained 19.8 points (1.2%), to close at 1,739.
Here are the major economic reports, key data and events to look at in the week ahead;
Monday: The Federal Chairman Bernanke will be delivering a speech on stress-test on Banks.
Tuesday: the trade balance for the period of March, expected -$29 billion the change from previous -3billion.
Wednesday: Retail sales, import prices and business inventories period of March; expected -1.1% the change from previous +0.2%.
Thursday: producer price index and the jobless claims data. The producer price index of April is expected +0.1% a change from previous is +1.3%.
Friday is full of activity with industrial production (period of April expected -0.6% change from previous +0.9%) consumer prices, NY Empire manufacturing, international capital flows and the University of Michigan consumer sentiment index.

Disclaimer: The information and opinions in this article are for general information use only and are not intended as an offer or solicitation with respect to the purchase or sale of any currency. All opinions and information contained in this article are subject to change without notice. This article has been prepared without regard to the specific investment objectives, needs of any particular recipient and financial situation. While the information contained herein was obtained from sources believed to be reliable, author does not guarantee its accuracy or completeness, nor does author assume any liability for any direct, indirect or consequential loss that may result from the reliance by any person upon any such information or opinions.

Tuesday, May 5, 2009

What is GOLD?




Gold (Au) is a chemical element. The Latin word for the symbol is aurum. It is dense, soft, shiny and the most malleable and ductile pure metal known. Pure gold has a bright yellow color. It is one of the coinage metals and formed the basis for the GOLD STANDARD used before the collapse of the Bretton Woods system in 1971.

Gold comes in a variety of colors, most common yellow and white. Natural gold is 24 karats, however because gold is relatively soft it is alloyed with other metals to increase its strength and make it suitable for jewelry. When other metals are blended with gold it will change to a variety of colors.
For example, adding copper and silver creates yellow gold. Depending on the percentage of yellow gold gold jewelry will be designated 18k, 14k or 10k.
White gold contains platinum or palladium, zinc and copper. Green gold contains silver, copper and zinc. Using copper only creates pink gold. 18K Gold: 18K Gold is 18/24ths, or three-quarters pure gold. Jewelry of this fineness is marked "18k" or "750," meaning 75 percent gold. 14K Gold: 14/24ths, or slightly more than one-half pure gold.
Jewelry of this fineness is marked "14k" or "585," the European designation meaning 58.5 percent gold. 10K Gold: 10/24ths, marked as "10k" or "417," the European designation meaning 41.7 percent gold. Less than 10-karat gold can not be legally marked or sold as gold jewelry in the United States.

Friday, May 1, 2009

JOB OPPORTUNITY at WWW.BESTPAY4GOLD.COM & WWW.MYGOLDGRAM.COM

Position: GOLDGRAM™ Account Executive / Dealer – Nationwide
Become a GOLDGRAM™ Specialist and you will be able to make your own hours and there is no limit to how much money you could make as an Account Executive!
As a GOLDGRAM™ Specialist you will be working in one of the most booming industries in the country right now- the gold industry, and you will be equipped with all the tools to become your own boss.


Halach Gold Inc is looking to train and certify energetic, self-motivated individuals for this exciting employment opportunity. There is no cost for training only a small fee for a background check and you can get started right away. Please e-mail us at info@mygoldgram.com for details on becoming a GOLDGRAM™ Specialist.
· All sales reps are commission based
· Bachelor Degree is a must
· Trading, Financial and/or Sales Industry experience is a plus
· Work Permit is a must

HOST A GOLD PARTY!

Hosting a gold party is a great way to earn some extra cash for yourself or for an organization/charity you support. During the event our trade marked I.A.R. certified GOLDGRAM bars will be availbe for purchase. Call us for more details at 212 575 2388 or e-mail at info@mygoldgram.com! The event will be sponsored by www.bestpay4gold.com & www.mygoldgram.com

mygoldgram.com - NEW YORK EVENT ANNOUNCEMENT

Following our event on February 7th at Doubletree Hotel in Times Square; we are proud to announce our upcoming event below:
Halach Gold Inc., founder of www.bestpay4gold.com & www.mygoldgram.com, has teamed up with ‘Genesis Monthly’ to host a “Golden Tea Party” in celebration of Mothers’ Day.

During the event sell your broken jewelry, trade your used gold for 24k GOLDGRAM™ bar or buy a GOLDGRAM™ bar for the women in your life!
Purchase I.A.R. certified GOLDGRAM™ refiner certified gold, boxed and bowed and ready to be the perfect gift for this upcoming mothers day.

Date: MAY 2, 2009 Time: 3:30 -7pm Venue: East Manor Restaurant - 46-45 Kissena Blvd. Flushing N.Y. 11355
Space is limited.
RSVP Guests: Fully Booked
RSVP Media: Open (for media RSVP please contact 212 575 2388)

NEWS FROM HALACH GOLD INC.

Thank you all so much for your patronage and for making this first quarter a great success! We would like to touch base with you once again and pass on the following company information.

1) New Website Launch

We are proud to announce that we launched a brand new website, www.mygoldgram.com
From this website we will be selling our I.A.R (ISTANBULGOLD REFINERY) Certified GOLDGRAM™ bars.
We have some great features through mygoldgram.com to maximize your gold assets;

1) GEO- GOLD EXCHANGE OPTION- We will exchange your used gold into 24k gold bars- free of charge!

2) 401G-GOLD- Enroll today, create your own payment and delivery schedule and receive physical gold to your doorsteps. For more information visit us online at www.mygoldgram.com or e-mail us at info@mygoldgram.com

3) GOLDGRAM™ GIFTS - Want to give something really valuable for an upcoming Wedding, Graduation, or Baby Shower? The gift of gold is the perfect way to invest in your loved ones.
Please see occasion page at http://www.mygoldgram.com/store/pages.php?pageid=3

Wednesday, April 29, 2009

Selling Used Jewelry?

We, Halach Gold Inc, operate two websites, these are; www.bestpay4gold.com and www.mygoldgram.com .

The Bestpay4gold is designed to serve customers who are looking to cash their gold jewelry whereas Mygoldgram.com delivers I.A.R. certified GOLDGRAM™ bars to customers directly.
Our professional team is fully trained to meet our customers’ needs. At Halach Inc we value our clients and their business. We understand that buying and selling gold is a sensitive procedure and needs our full attention to make sure customers receive true value in both transactions.


The following information and list of Q&A s are gathered from our experiences in recent months as well as your questions.

Q&A – Selling Used Gold
Many of us have collected a variety of gold jewelry over the years, some of which we no longer wear. Before joining the growing number of people who are taking advantage of rising gold prices to turn their jewelry into cash, you may want to know whom to trust, what criteria to pay attention to, and find out the current market circumstances.

After evaluating your financials you may decide now seems like a good time to join the gold rush. Like any business venture, it is prudent to educate yourself about the nuances of turning gold into cash.
1. Who buys gold jewelry?
2. Who buys gold coins?
3. How can I know if the company is legitimate and has a good customer service?
4. What determines the actual value of my jewelry?
5. How would I know if I was getting a fair price?
6. Which pieces would be most worth selling?

1. Who buys gold jewelry for its meltdown value?
Finding a jewelry store or dealer even a refiner to sell your gold is not difficult; especially nowadays there is no shortage of companies advertising their services all over the media.
But just like in any business transaction, selling requires some shopping around. We recommend making a list of three to five buyers, including your long time jewelry store. If you have time take your items to every one of them and make a comparison among the offers before selling it. For online service companies make sure you call and ask for the list of the prices based on the karat value such as 22k, 18k, 14k, and 10k. If they are not disclosing their listed prices over the phone and expect you to send your valuables without an approximate offer, do not send it. In other words would you sell your car or house without knowing how much it is actually worth?

2. Who buys gold coin?
You need someone who deals precisely in gold coins, a full-time gold coin broker. First find out the actual worth of the gold coin. There are so many Gold Coin specialist and you do not want to be under paid especially when it comes to historical gold coins.

3. How can I know if the company is legitimate and has a good customer service?
Checking out the company with the Better Business Bureau and the city or state department of consumer affairs will only get you so far. A good indicator of a legitimate company is the quality of their customer service. Did they contact you right away? Did they give you estimation over the phone? Test the company, send one item and if you are satisfied with the price send more. Also Customer Testimonials are so important.

4. What determines the actual value of my jewelry?
Karat, weight of the jewelry and the Gold Price of the date you are cashing in are used to calculate the actual value of the item.
Karat; it is usually stamped on the jewelry, but is sometimes too tiny to see with the naked eye, and need a magnifying glass (loupe) to look at it. However if you show the same item to different dealers you can also test the reliability of the dealers. In US most jewelry is 14-karat, though some better pieces are made from 18 karat, and inexpensive jewelry is often 10 karats. So if the item you are holding is not 24k Jewelry the gold pieces are worth only a proportionate fraction of the 24-karat price. In other words, a 14-karat gold ring is valued at 58.5% and an 18k gold ring is valued at 75.0% of the 24-karat gold price.
Weight; when you are selling Gold is most often measured in penny weights, with 20pw equaling an ounce. If you have a sensitive kitchen scale you might check the weight but a legitimate dealer has a scale which is certified and periodically subject to random checks by the Consumer Affairs. Weight is another tool to check the reliability of the dealer.
The Gold Price; check the daily gold price online on major websites.

5. How would I know if I was getting a fair price?
If you deliver the gold to the dealer yourself you should expect to get at least 90% of the gold's value based on that day's price. If you have 5 ounce and more ask for 96% in return. Expect to receive slightly less for the convenience an online service provider, again call the website and get an estimate value. Would you sell your car without knowing how much it actually worth? We all know that a buyer deserves to make money but how much is fair? Do not settle until you are 100 percent sure that you found the right buyer.
Here is the example:
You have 70 penny weights or 3.1 ounces or 108.85gram of gold jewelry excluding ornamental items such as stone or glass pieces which have no value. The karat value is 14k (58.5%) and the selling gold rate is $900.00. The 70pw of 14k gold at market price would come to $1842with the 90% of the gold’s value based on the gold rate of $900 you should not settle for less than $1657.80 if you deliver the gold to the buyer’s doorstep.

6. Which pieces would be most worth selling?

This is an emotionally complex task. Before cashing out make sure you go through your items and separate the ones that are ok to be melted down.

©2009 – Halach Gold Inc -www.mygoldgram.com

Friday, April 24, 2009

Saving for a Secure Financial Future

For 5,000 years, gold has been the international representation of economic security. In the United States gold has always had an even deeper significance. Since the country’s founding, gold has represented the power of the individual to stand against the sway of the State towards corruption and abuse of power. As President Hoover argued in The Memoirs of Herbert Hoover, gold is the ultimate check to prevent, “confiscating the savings of the people by manipulation of inflation and deflation.” He even went so far as to repeat the age old adage that “We have gold because we cannot trust Governments.” Throughout our national history, gold has been the clear economic manifestation of individual liberty. During spurts of economic growth, gold advocates were deemed overly-pessimistic and were largely ignored. However, at present we are experiencing a turning point in the perception people have towards gold.

Gold has predictably enjoyed a media flurry in the months following the market implosion. The attention has centered mainly on individuals realizing that their old jewelry has true value. Gold is money was the sudden collective realization which resulted in the proliferation of Gold Parties. This, in many ways, is a positive step, as many individuals desperately needed the cash they received from their gold to delay home foreclosures, pay credit card debt and mounting bills. The current market conditions have proved to be a strong learning opportunity for people not to underestimate the value of the gold they possess in bits and pieces. As we build on this lesson, we continue to see that a long-term investment in gold can be a refuge during economic turbulence.

Halach Gold, Inc. manufactures fine quality 24k GOLDGRAM™. GOLDGRAM™ bars are of the highest fineness available in the market: 999.9. However, what separate us from others in the market are our unique services, 401G-Gold and GOLD Exchange Option, which make gold investment possible for every budget.

The problem with traditional avenues for gold purchase has always been their inaccessibility for the people who are most sensitive to economic turbulence. A futures trading agreement requires expertise, substantial monetary investment and time. Our 401G-Gold program is unlike any other because our customers receive small weekly and monthly deposits of gold to slowly and steadily build up a gold portfolio. The program is completely customizable and available in various weights and prices of gold. We set up accounts personally, over the phone, and online at
www.mygoldgram.com.

Secondly, we have a GOLD Exchange Option (GEO) to help individuals transfer the gold they already own in scrap, into fine GOLDGRAM™ bars. Part of the confusion many people have been experiencing is that, on one hand, a barrage of commercials tells individuals to sell their gold, while, on the other hand, financial gurus are telling them to buy. At Halach Gold, Inc. one can have the best of both worlds. We accept scrap gold of any karat and in exchange for 24k GOLDGRAM™. GEO reiterates our belief that all gold is valuable, but that it is most productive and secure in true refiner certified gold bars.

Gold is unlike other investments because it holds intrinsic value; in its long history as the ultimate commodity, gold has never lost its value. The market has fluctuated from generation to generation, from day to day even, but it has never devalued completely as stocks can do in an instant. The wisest approach to gold ownership is to think long-term, diversify, and never undervalue the worth of gold for economic autonomy and security.

Gold: The Money of Yesterday, Today and Tomorrow!

Gold and Paper Money take us on a tour around the world, from prehistory up to the modern day. As early as 17th Century B.C., gold was used as a monetary exchange in Lydia, located in present-day Turkey. Paper money, however, has had a much shorter and more volatile world history than gold. Individuals have owned gold for more than two thousand years and it has proven to be one of the most secure methods of passing savings from one generation to the next. In fact, it’s one of the few assets you could take almost anywhere in the world and exchange for goods or services.

We don’t believe that we’ve seen the full extent of devastating inflation in today’s U.S. economy, but before history repeats itself and currency is devalued further, the prudent decision would be to invest in gold. We cannot imagine another time in American history when it has been more important to recognize a safe investment tool to protect one’s portfolios.

Our founders, the Halac Family, have always understood the importance of investing in gold, and for over four decades they have dedicated themselves to refining 999.9 fine gold, the highest quality available in the market. They have combined their vast experience with Istanbul Gold Refinery, and, using constant technological innovation, have constituted GOLDGRAM™ bars to help investors preserve their wealth throughout the world.

Whether you are investing in Stocks, ETFs, Mutual Funds, Real Estate or in an IRA, there is a possibility that the investment you’ve made will either bring you a fortune or end up providing you with nothing. The probability of the latter is much higher, considering today’s times. Today’s stock market crash has led many people to keep their money in a mattress and nowhere else. The bottom line is, there is no safe haven for your investments but gold. Gold is known as a safety-net against a falling currency. Under the present financial circumstances, the value of this should not be underestimated.

We strongly recommend that you consider adding gold to your portfolio today. As global gold resources are depleted, it will become increasingly more expensive to incorporate physical gold into your portfolio. World markets in Europe and India are already experiencing the rising value associated with high gold demands. To meet the needs of our clients, we offer direct insured deliveries of GOLDGRAM™ bars. We encourage you to research and compare GOLDGRAM™ with other products available in the market. To further help you decide why you should purchase GOLDGRAM™, kindly go through the list of unique attributes, and the competitive edge that GOLDGRAM™ has over other products available in the market.

Additionally, we encourage employers to incorporate a “401G- GOLD™” program. The program will enable your employees to set up a monthly Gold Saving Plan by actually purchasing the GOLDGRAM™ bars and receiving the physical gold at their doorstep. The various denominations of GOLD GRAM™ are available in 1gm, 2.5gm, 5gm, 10gm, 20gm, 50gm, 100gm and 1 Ounce Coins.


Gold is the ultimate protection against crisis and inflation. There is no better time to invest in gold than today!