The Cosmic Mint: How Gold is Created
Posted By | April 2, 2017
As you gaze at the pile of gold coins in your Augusta™ Precious Metals Gold IRA from Augusta Precious Metals, do you ever stop and wonder where the precious metal came from? In olden days, the Incas thought gold was sweat from their sun-god.
The Greeks pictured gold as hardened water. One fairy tale proposed gold could be spun from straw.
A more modern theory was that gold is the result of supernova explosions occurring when large stars die out. Supernovas were thought to bombard iron with high-energy electrons, neutrons and protons, creating heavy elements like gold and uranium. Gold-flecked meteorites were condensed from these explosions and eventually found their way to Earth. But the latest scientific controversy casts doubt on this “supernova mint,” and the hunt is on for alternative theories.
One candidate theory is that gold is a product of the merger of neutron stars, which are what’s left when a large star blows up. Not quite dense enough to form black holes, neutron stars are extremely dense and heavy. The theory is that gold is made when two neutron stars smash together. The only problem with this theory is that neutron star collisions are pretty rare, and wouldn’t account for the amount of gold found on Earth.
An even more spectacular theory involves the collision of a neutron star with a black hole, which is the remnant of a huge star where gravity is so intense even light can’t escape.
Value of Gold: It’s High Because Supply is Less than Demand
In the end, of course, the exact manner of gold’s creation is interesting, but has no effect on its price. Unlike diamonds, which are relatively plentiful on this planet, gold is a rare element and there is only a fixed amount available to be mined or recycled. That’s one reason gold is valuable, because supply often can’t keep up with demand. That demand stems from reasons we’ve discussed many times before – worry about economic and financial instability, lack of confidence in paper money, a hedge against inflation, a store of wealth that can’t be devalued.
Whatever your reason for collecting and investing in gold, I believe the best place to do it is in an Augusta Gold IRA from Augusta Precious Metals, where you get years of experience to help you understand the nuances of precious metals investment—and you get the industry’s best prices, because Augusta works hard to keep overhead down.
You can contribute up to $5,500 each year ($6,500 if you are 50 or older), and then deduct your contribution from your taxable income. That is a great deal. Another great deal is that you don’t have to pay taxes on the profits in your gold IRA, only on withdrawals from the IRA. Call Augusta, and we’ll help you review your gold IRA options. The universe went through a lot of effort to create gold, so why not buy some for your Augusta Gold IRA from Augusta Precious Metals today!
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