Sought-After Gems, Pink Diamonds

The pink diamond has often been called “The Queen of Diamonds.”

Purple Diamond Flanked by Two Argyle Pink Diamonds set in Platinum & 18K Ring - Photo courtesy of GemsOfNote.com

For centuries its rare and regal beauty has been coveted by royalty for crown jewels and museum-worthy collections. The famed Dary-I-Noor pink diamond, for instance, is part of the Iranian Crown Jewels collection. The Condé Pink diamond, which once belonged to Louis XIII, now resides in the Château de Chantilly. And the Williamson Pink diamond, gifted to Queen Elizabeth in 1947, is to this day one of the monarch’s favorite jewels.

 

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From our family to yours,

have a very happy Thanksgiving.

 

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We at the Gold Center wish to thank our veterans today.
We are and will forever be grateful.
 
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Volatile action in the Gold market in the aftermath of the first U.S. interest rate cut from the Federal Reserve in 11 years.

Today, the Federal Reserve has cut rates (by 25bps) for the first time since Dec 2008 (and cut the IOER to 2.1% from 2.35%). Additionally, they announced the end of the normalization of the balance sheet two months ahead of schedule.

The reason given for the reversal in policy was an upbeat U.S. economy but trouble abroad.

 

“In light of the implications of global developments for the economic outlook as well as muted inflation pressures, the Committee decided to lower the target range for the federal funds rate to 2 to 2-1/4 percent”

 

There were two dissenting Fed committee members, Esther George and Eric Rosengren.

 

Buried American Silver Eagle Monster Box

As you can see, literally burying your American Silver Eagle Monster Boxes is a real option for storing them. These boxes were buried for about 5 years and just needed a good dusting… a really good dusting!

The Gold Center will happily buy your buried and non-buried gold and silver coins or bars. We acquired these two boxes from a client who is still searching for his third box. Be sure to remember where you buried them!!!

Keep in mind that we also offer secured and insured vault storage. Whether you want to store your precious metals for a short period of time or long, we at the Gold Center in Naples, Florida or Springfield, Illinois will assist you.

Stay tuned for our Father’s Day giveaway promotion on Facebook Naples or Facebook Springfield! Enter to Win your father a gift he’ll cherish and remember.

Italy Seizes Gold from Central Banks

Two weeks ago, ECB President Mario Draghi issued a statement confirming that the European Central Bank needs to approve any operation in the foreign reserves of euro zone countries, including gold holdings.

At the time the statement did not seem particularly notable, but now things are starting to make more sense as The Wall Street Journal reports.

Italy’s ruling populists pushed ahead this week with efforts to seize control of the central bank and its gold reserves. This is apparently as a result of hundreds of thousands of small individual investors who have lost billions of dollars after several Italian banks failed in recent years.

The anti-establishment ‘5 Star Movement’ and the nationalist ‘League’, depict the central bank as a symbol of a technocratic elite aloof from the needs of ordinary Italians.

 

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Metal Detector Discovers Gold

An amateur metal detector enthusiast scouring the grounds of a field near an ancient Roman road in Dover, Kent has discovered a perfectly preserved gold coin dating back almost 2,000 years. Which is amazing considering the fact that the coin is composed of 24 carat gold.

The ancient Roman gold coin, known as an Aureus, is expected to sell for about $130,000 when it goes to auction later this year.

The enthusiast who discovered the coin initially thought the coin was fake due to its condition until he weighted it. The coin measured 4.31 grams and alerted him that is finding was legitimate.

 

Read the original story complete with photos