100-Ounce Gold Nugget to be Auctioned March 2011

Washington Nugget

Holabird-Kagin Americana

Found in an old riverbed near the town of Washington in northern California, in 2010, this nearly 100-ounce gold nugget is a rarity.  Most of the large nuggets in California which were found in the past have been melted into coins or bullion. 

If the nugget (known as the Washington Nugget) were sold at current market value, it would be worth $135,000.  However, mining geologist Fred Holabird told The Sacramento Bee that because it’s probably the largest remaining California nugget, the bidding could go as high as $400,000 at the March auction.

A large gold nugget is referred to as a lunker.  The Washington Nugget weighs just over six pounds.   If you’re interested in viewing it or bidding on it, go to Fred Holabird’s website for exhibit and auction times and places.

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Which Countries Have the Most Gold?

Here are the latest World Gold Holdings (March 2010) based on World Gold Council data.

United States:  8,133.5 tonnes (70.4% of reserves)

Germany:  3,406.8 tonnes (66.1% of reserves)

Italy:  2,451.8 tonnes (64.9% of reserves)

France:  2,435.4 tonnes (65.7% of reserves)

China:  1,054.1 tonnes (1.6% of reserves)

Switzerland:  1,040.1 tonnes (27.1% of reserves)

Japan:  765.2 tonnes (2.5% of reserves)

Russia:  641.0 tonnes (5.1% of reserves)

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Did You Know You Can Roll Your IRA into a Gold-Backed IRA?

Buying gold is one of the best ways you can financially protect your retirement. Tangible assets like gold have always Gold Coinsbeen one of the most preferred traditional investment choices which ensures profitable returns as well as safety for your retirement portfolio.

Here is something to consider.  Suppose you purchased gold worth $10,000 during the 1970s when the world was fraught with financial and political instability.  You could sell the gold today for about $305,715.  However, suppose you bought IRA asset gold coins worth about $10,000 in the same period.  You could sell them today for $590,000!

Gold retirement plans are one of the best ways you can secure your future. Gold continues to preserve the purchasing power of the investors even in the toughest economic conditions.     

Should you go for “rollover” or “the transfer” gold retirement plan?

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