While we usually associate the diamond business with mines, there are companies who hunt for gems in the open sea. A popular hunting ground is the coast of Namibia, where ships comb the sandy sea bottom in hopes of sucking up diamonds that were washed offshore in ages gone past.

De Beers is one such company and it announced a significant find on Wednesday — though not of diamonds. The company believes it has located a treasure ship that could date back to the 15th century. The ship was laden with thousands of gold coins and a hoard of more than 50 elephant tusks.

If you want your own gold coin treasure then contact Capital Gold Group today.

“If the experts’ assessments are correct, the shipwreck could date back to the late 1400s or early 1500s, making it a discovery of global significance,” said Namdeb Diamond Corp., a joint venture between De Beers and the Namibian government.

Financial advisors seeking protection for their clients from fragile paper investments and a devaluing U.S. dollar flocked to hear the solutions of the Alternative Investment Panel participant, Capital Gold Group, Inc. The company’s presentation emphasized the benefits of a non-correlated asset allocation strategy which includes 5-20% in physical gold assets as the best way to protect hard-earned savings and realize less volatile returns over the long term.

Globalization was the Symposium’s theme. Presentations emphasized how the slowing U.S. economy, upcoming elections and the sub prime mortgage crisis in the U.S., as well as the infrastructure and consumer demands in China, Russia and other evolving nations, will influence wise investment choices.

Capital Gold Group’s Gold Affiliate Program was a perfect fit for the Symposium’s attendees as it enables financial advisors, planners, and consultants to offer their clients physical gold assets for maximum diversification. Clients may opt for either direct delivery of physical gold or direct ownership of physical gold in Gold IRA Plans. Direct delivery is available with an investment of non-qualified funds. Qualified funds in existing Traditional, Roth, or SEP IRA’s may be directly transferred into Gold IRAs without tax penalties and continue to grow either tax-deferred or tax-free, depending on the type of Gold IRA the client opens.

“Gold ownership offers the type of safety people are looking for now,” says Jonathan Rose, President and CEO of Capital Gold Group, Inc. “Investors realize it is just as important to hold onto what you’ve saved, as it is to grow your investment. Nothing preserves the long-term buying power of your savings like gold.” According to the World Gold Council, increasing demand now outpacing limited supply is a solid basis for investment.

Jonathan Rose is a recognized speaker and commentator on worldwide gold markets, including the seminar “Gold Investing in the Global Economy” throughout China, Singapore, Hong Kong, Malaysia, India and Europe. Capital Gold Group, Inc. has offices in Los Angeles, CA, and London, UK.

With Chinese stock markets in a down phase which has caused a near 50% drop from last October, with banks paying almost no interest on savings accounts (moreover subject to income tax), Chinese are looking for new ways to make or preserve wealth. One is real estate.
The purchase of condominiums in Chinese cities is booming, with options across all levels and lots of speculative buying. I will write about real estate later.
By tradition, you invest in bricks of oolong tea to preserve your wealth. These bricks last for decades and can be traded. Like fine wines, older bricks command a premium. But a more tempting way to store value is gold.
Chinese people used to love gold. When Lily Liu was born in Shanghai in the 1930s, her mother rubbed two mung bean to numb her ears, and then made a hole (“eye”) in her ears with a needle. Then, girls all wore gold earrings, not only to exorcise evil spirits, but also as a symbol of family wealth. In the 1930’s, Shanghai was one of Asia’s major gold trading centers. Lily’;s family were not particularly rich and she worked in a factory as a clerk.
When Lily reached the age want to wear gold jewelry, nobody wore any and none was for sale under Mao. Lily, while formally a Communist, buried her gold earrings which her granddaughter Ellen, 31, now aspires to inherit. Ellen’s other grandmother, a landlord’s daughter and not a Communist, had to give up her jewelry during the Cultural Revolution.
To not let her ear “eyes” close, Lily often used a needle to keep the holes open. In the 1980s, she finally could put on her gold earrings again, and she also acquired other jewelry, all pure (24K) gold. But while she cherishes her jewelry, she knows that even pure gold jewelry in re-sale can lose money.
After 2001, China became the 4th biggest gold consumer market after India, the U.S., and Saudi Arabia. In China, gold jewelry accounts for 96% of the overall gold market. A large-scale survey of Chinese in 10 big cities showed that 80% of them purchase jewelry for decoration and only some 11.1% for storing value.
Contrast Japan, where only 20% of gold is bought for decoration or jewelry. After 1949, gold trading was suppressed by Beijing for over 50 years. Mao in 1950 turned over the management of gold and silver to the People’s Bank of China. It alone was allowed to purchase precious metals. This froze the popular gold business.
In 1963, China furthermore stopped supplying raw gold for making jewelry. Exports of gold and silver were blocked.
So the Chinese and gold were separated for almost 40 years.
In 1999 China opened the silver market. In 2001, China cancelled the gold fixed rate set by People’s Bank of China, and implemented a weekly market price tracking international markets. In 2002, the
People’s Bank of China authorized 4 large banks to perform services to the gold industry: gold spot transactions; gold transaction overview; gold project financing; gold material completion; gold lending and borrowing; gold purchase; and setting up retail gold investment products for sale to Chinese residents.
In 2002, the Shanghai Gold Exchange opened on the Bund and China Foreign Currency Trading Center officially began. On day 1 there were 98 transactions for 540 kilograms, valued at 45.08655 mn Yuan ($5.4584 mn). A recemt survey showed that 40% of Chinese families with income over 3,000 Yuan want to buy gold.
Gold is not what it was in Lily’s childhood. Since Deng Xiao Ping, Chinese are encouraged to seek wealth. But money is surrounded by lots of superstitions. Chinese love the number 8 because it sounds like the word for “rich” and hate the number 4 because it sounds like “death”. Just aas my NY apartment buildign lacks a 13th floor, many Chinese buildings don’t ahve a 4th floor. Feng Shui superstituions keep doors and windows from being aligned (lest the wealth fly away); but they also make it hard to get out of malls or department stores, which twist and turn.
Gold too has rituals assigned to it. But there is nothing modest about showing off your wealth in today’s China. Restaurants all over the country offer special show-off menus of pricey food and wine for parvenus to impress their friends or business associates. Gold and silver have become the “in” gift for Chinese New Year among the nouveau riche.
Collecting special gold bars for The New Year is the new Chinese hobby. For the past two years, the gold price rose again and again, so gold bars with the yearly symbol sold out in a few days and gold coins sold well. This year’s New Year of the Rat greeting money bar was a bestseller, in part because pre-orders were accepted. Some Chinese have already ordered next year’s Ox New Year’s greeting gold bars. People also buy animal commemorative coins for the year in which they were born.
The government tried to stop speculation in gold. It limited New Year’s greeting money bars this year to Rats weighing no more than 8,000 spindles. A new year rat bar is 99.9% pure gold, weight 20 grams; the silver bar front design quality is 99.9% pure silver, weight 120 grams.
China’s gold trades at world prices. So there is no reason to buy into a Chinese goldmine. Instead, put your money into gold ETFs. But in the interests of diversification, I did buy a brick of Oolong tea in China which is now part of my children’s patrimony along with my jewelry.

The good news is that, generally, you only need to pay taxes on gold once you sell it. This way you don’t have to pay taxes on your investment every year, like you might with some other investments. But each situation is different and you should check with your accountant (hopefully one who has taken a seminar from Capital Gold Group) about your personal situation,.

For more on Capital Gold Group and Idol Gives Back you can check out Fox Business News!

Read the article about Capital Gold Group here

Capital Gold Group sponsors Christian Financial Advisors in the USA by supporting the “Christian Advisors NACFC”. This past year, Capital Gold Group was designated a Kingdom Sponsor for the annual conference of the “National Association of Christian Financial Consultants” at the Founders Inn, Virginia Beach, Virginia.

Capital Gold Group offers “IRA GOLD” retirement plans for all NACFC Christian Advisors (National Association of Christian Financial Consultants). The organization is a group of investment professionals committed to recapturing “traditional American values” and avoiding investments in gambling, tobacco and alcohol. NACFC financial planners are dedicated to wealth preservation principles and asset allocation into core assets classes such as real estate and gold.

Capital Gold Group is offering the “tax-advantaged” IRA GOLD Individual Retirement Account program for physical gold. This IRA GOLD plan is available for all NACFC financial consultants and clients. A gold IRA is a retirement program for self-directed accounts and qualified accounts which that holds tangible, physical gold assets. The custodian of the gold IRA facilitates the opening of the account and coordinates the storage of the physical gold assets for the high-net worth individual. The IRA depository is licensed by NYMEX, COMEX and CBOT.

NACFC financial consultants can offer “physical gold” to high-net worth clientele as a hedge against inflation, market volatility and a shrinking U.S. Dollar. Since 2001 high-net worth investors have been flocking to physical gold as part of an overall asset allocation strategy. Tax strategy experts are recommending gold IRA plans for portfolio diversification and wealth preservation.

The NACFC conference featured numerous world-renowned speakers — a recurring theme at the event was need for “tangible assets” such as gold as a hedge against the “shrinking” U.S. Dollar. The U.S. Dollar Index has declined over 30% since the year 2002 and physical gold prices have increased over 200% since 2002. The Capital Gold Group offers “Gold IRA” plans providing both traditional tax-deferred benefits and the safe-haven tangible asset allocation.

Physical gold is the “the missing link” in most portfolios today, according to Jonathan Rose, CEO of the Capital Gold Group. Jonathan Rose is a recognized speaker and commentator for worldwide gold markets, including the United States, Hong Kong, Singapore, China, India, and Europe. Capital Gold Group, Inc. has main offices in Los Angeles and London.

But by investing with Capital Gold Group you keep your money safe. How? Unlike stocks, gold has real value. It isn’t based on cooked books or backroom deals. There is a real demand for gold to make gifts and in manufacturing. Gold also is in demand around the world. Even if the US economy is bad, you can always sell your gold overseas where they are doing well.

Capital Gold Group gives you many gold options to avoid the recession. From gold, to coins to bars and gold IRA’s, Tha Capital Gold Group knows how to protect and grow your investment.

The Capital Gold Group believes that it’s important for those of us who have invested well to use our wealth to help others out. Money is here for people, not the other way around. As we go through this recession and the US Dollar becomes weaker all the time, those of us who invested in gold will continue to do well. That’s because gold is traded on the world market. It doesn’t matter just on the US economy. But many other people, who bought into the drive-by media’s hype about stocks and home investing, will struggle. Those of us who have done well have a Christian duty to help others. That is why Capital Gold Group will continue to support great charities.

Read more about the Regan Legacy Dinner in Capital Gold Group’s Official Press Release.

And where are you going to buy that gold from? The best place is Capital Gold Group. We carry gold coins, bullion, bricks as well as other precious metals. We also give back to the community by supporting charities like My Stuff Bags.

While the dollar becomes more worthless gold becomes more powerful. It’s easy to know what to do.