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How to make $13,000 Yearly with Gold

Gold is a chemical element with the symbol Au (from Latin aurum ‘gold’) and atomic number 79. This makes it one of the higher–atomic-number elements that occur naturally. It is a bright, slightly orange-yellow, dense, soft, malleable, and ductile metal in pure form. Chemically, gold is a transition metal and a group 11 element. It is one of the least reactive chemical elements and is solid under standard conditions.

Gold often occurs in free elemental (native state), as nuggets or grains, in rocksveins, and alluvial deposits. It occurs in a solid solution series with the native element silver (as in electrum), naturally alloyed with other metals like copper and palladium, and mineral inclusions such as within pyrite. Less commonly, it occurs in minerals as gold compounds, often with tellurium (gold tellurides).

Gold is resistant to most acids, though it does dissolve in aqua regia (a mixture of nitric acid and hydrochloric acid), forming a soluble tetrachloroaurate anion. Gold is insoluble in nitric acid alone, which dissolves silver and base metals, a property long used to refine gold and confirm the presence of gold in metallic substances, giving rise to the term ‘acid test‘. Gold dissolves in alkaline solutions of cyanide, which are used in mining and electroplating. Gold also dissolves in mercury, forming amalgam alloys, and as the gold acts simply as a solute, this is not a chemical reaction.

A relatively rare element,  gold is a precious metal that has been used for coinagejewelry, and other arts throughout recorded history. In the past, a gold standard was often implemented as a monetary policy. Gold coins ceased to be minted as a circulating currency in the 1930s, and the world gold standard was abandoned for a fiat currency system after the Nixon shock measures of 1971.

In 2020, the world’s largest gold producer was China, followed by Russia and Australia. A total of around 201,296 tonnes of gold exists above ground, as of 2020. This is equal to a cube with each side measuring roughly 21.7 meters (71 ft). The world consumption of new gold produced is about 50% in jewelry, 40% in investments and 10% in industry. Gold’s high malleability, ductility, resistance to corrosion and most other chemical reactions, and conductivity of electricity have led to its continued use in corrosion-resistant electrical connectors in all types of computerized devices (its chief industrial use). Gold is also used in infrared shielding, production of colored glassgold leafing, and tooth restoration. Certain gold salts are still used as anti-inflammatories in medicine.

4 ways to invest in gold

You have a few options here: You can either buy physical gold like bars or gold coins, invest in gold mining company stocks or a gold exchange-traded fund, or ETF, or buy into gold futures.

1. Purchase physical gold

  • Bars
  • Coins
  • Jewelry

The most straightforward way to put your money in gold is to buy physical gold like bars, coins or jewelry.

To actually make a profit off the precious metal, you need to have a reasonable expectation that your gold can be sold for more than you paid for it. Unfortunately, gold prices are notoriously difficult to predict.

In the 1990s, gold barely hit $300 on a good day. Then, as financial and political crises loomed in the mid-2000s, people did what they always do and started buying up gold, which drove up gold prices.

Its value more than doubled from $800 an ounce in 2009 to $1,900 in 2011. But by 2013, the bubble had burst and gold was down to $1,300.

Then in the summer of 2020, during the stress and uncertainty of the pandemic, gold briefly surged to an all-time high of $2,000 an ounce before sinking back down once again.

If gold forms part of your retirement plan, you can actually buy it through a gold individual retirement account, or IRA. That said, you’ll need to set it up with a special custodian or broker; be aware that you may be charged fees to cover the cost of storing the metal.

2. Invest in gold stocks

You can invest in gold without ever touching a flake of it by purchasing shares of gold mining companies on the stock market.

The advantage is that if the price of gold suddenly plummets, you may not lose your shirt because the mining company could decide to focus on another metal.

The disadvantage of owning mining stocks is that they can decline with the rest of the market, even when the value of gold is steady. In fact, business factors can always come into play — factors like the company’s financials, the quality of its management team and long-term production prospects.

You can easily invest in commodity stocks through any number of investing apps — although a few will give you a free stock just for signing up.

3. Invest in gold ETFs

Investors might buy into gold exchange-traded funds to avoid the uncertainty that comes with investing in a particular company.

Put simply, these funds are pools of money from investors that are poured into a variety of gold and mining companies. ETFs are traded like stocks; some of the most popular gold ETFs are GLD, GDX and GDXJ.

You will have to be prepared to lose a certain percentage of your investment’s value every year to the fund’s expense ratio. For example, with the largest gold ETF, SPDR Gold Shares, you’ll be charged 0.40% of your investment’s value each year.

Still, ETFs as a whole have very low management fees, and you save even more by buying them through an investment app.

It’s also important to note that there’s still a measure of uncertainty when investing in ETFs. Although these funds are heavily diversified to reduce risk, they are subject to the fluctuations of the stock market.

If the market crashes, the value of your investment could drop even if the value of gold doesn’t change.

4. Buy gold futures

Gold futures are very complicated. They’re contracts in which you agree to buy a set amount of gold at a specific price some time in the future.

Traders can strategically buy and sell futures contracts to profit from the changing price of gold.

Buyers of futures contracts profit when commodity prices rise. Sellers of futures contracts profit when commodity prices fall.

The contracts typically require a minimum purchase of 100 ounces of gold. Novice investors should exercise extreme caution with futures contracts due to the high degree of borrowing typically involved.

How To Make $2000 Yearly with Bronze

 

Bronze is an alloy consisting primarily of copper, commonly with about 12–12.5% tin and often with the addition of other metals (including aluminiummanganesenickel, or zinc) and sometimes non-metals, such as phosphorus, or metalloids such as arsenic or silicon. These additions produce a range of alloys that may be harder than copper alone, or have other useful properties, such as strengthductility, or machinability.

The archaeological period in which bronze was the hardest metal in widespread use is known as the Bronze Age. The beginning of the Bronze Age in western Eurasia and India is conventionally dated to the mid-4th millennium BCE (~3500 BCE), and to the early 2nd millennium BCE in China;[1] elsewhere it gradually spread across regions. The Bronze Age was followed by the Iron Age starting about 1300 BCE and reaching most of Eurasia by about 500 BCE, although bronze continued to be much more widely used than it is in modern times.

Because historical artworks were often made of brasses (copper and zinc) and bronzes with different compositions, modern museum and scholarly descriptions of older artworks increasingly use the generalized term “copper alloy” instead.

Though bronze is generally harder than wrought iron, with Vickers hardness of 60–258 vs. 30–80, the Bronze Age gave way to the Iron Age after a serious disruption of the tin trade: the population migrations of around 1200–1100 BCE reduced the shipping of tin around the Mediterranean and from Britain, limiting supplies and raising prices. As the art of working in iron improved, iron became cheaper and improved in quality. As cultures advanced from hand-wrought iron to machine-forged iron (typically made with trip hammers powered by water), blacksmiths learned how to make steel. Steel is stronger than bronze and holds a sharper edge longer. Bronze was still used during the Iron Age, and has continued in use for many purposes to the modern day.

What is the difference between brass and bronze?
Brass and bronze are both metal alloys, which means they are a combination of two or more different metals. Brass is composed of copper and zinc, whereas bronze is made up of copper and tin, sometimes with other elements such as phosphorus or aluminium added in.

BEST USES FOR BRONZE

  1. Small Parts and Panels

Due to its corrosion resistance and unique coloring, bronze is commonly used in the manufacture of coins, hardware mounts, furniture trim, ceiling or wall panels, ship hardware, and all sorts of automobile parts.

  1. Sculptures

Maybe more than any other metal, bronze is used for artful forms of sculpture.  Bronze, in particular, has been the preferred metal for sculptures because of its ability to expand just before it sets.  This property allows for the most intricate details to be brought to life.

Additionally, bronze constricts as it cools making it easier to remove the mold.

  1. Musical Instruments

The bronze alloy commonly known as bell metal has long been the preferred choice of metal for bells and cymbals.  This is largely because of its timbre and durability.

Bronze is also a great choice for the windings of nylon and steel strings in instruments like pianos and guitars.

In recent years, instrument manufacturers have also started making saxophones.

If you’re in the market for a high-end musical instrument with precise timbre and tuning, chances are bronze is incorporated somewhere in the production.

  1. Architecture

If you’re looking to build a structure that stands the test of time and preserves its original, natural look, bronze is a great choice.

Whereas other metals will undoubtedly patina over time, bronze’s raw, pinkish finish can be maintained with frequent oiling and polishing.  Treatment of architectural bronze can also be achieved through periodic applications of specialized lacquers.

  1. Safety Tools

Steel tools like hammers, mallets, axes, and wrenches can cause sparks.  If they’re used in close proximity to flammable materials, they can pose a serious safety hazard.

That’s exactly why bronze has become an increasingly popular material for these tools.  It’s non-magnetic and spark-free properties virtually ensure safety, even when working around flammable objects.

How To Start A Lucrative Mining Company In Nigeria and make $29,000 yearly

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Mining has been a significant part of Nigeria and Africa’s economy, providing valuable minerals and resources that have contributed to the development of various industries. In Nigeria, mining has historically played a crucial role in the growth of the country’s economy, with the sector contributing 0.3% to the GDP in 2018. Africa, on the other hand, is home to over 30% of the world’s mineral reserves, making it a crucial player in the global mining industry.

The mining sector in Nigeria has the potential to contribute significantly to the country’s economy, with estimates showing that it can generate up to $27 billion by 2025. Similarly, the mining industry in Africa has the potential to become a major driver of economic growth, given the continent’s vast mineral resources and the growing demand for minerals globally.

Despite the potential of the mining sector in Nigeria and Africa, the industry remains largely underdeveloped due to inadequate infrastructure, limited investment, and outdated mining practices. However, recent efforts by the government to promote the industry through policy reforms, investment incentives, and partnerships with private companies are beginning to yield positive results.

Furthermore, Nigeria’s mining sector has significant export opportunities for local mining companies, especially in the areas of mineral processing and value addition. The Nigerian government has implemented policies to encourage local companies to invest in mineral processing and value addition to increase exports of finished products.

In Africa, the mining industry is attracting significant foreign investment, with China being a major player. The continent has become an attractive destination for mining companies due to its vast mineral resources and improving business environment.

To fully tap into the potential of the mining sector in Nigeria and Africa, there is a need for increased investment, improved infrastructure, and adoption of modern mining practices. The industry has the potential to create job opportunities, boost the economy, and contribute to sustainable development in the region.

See Also: How To Start Exporting Muscovite Mica Minerals From Nigeria To International Buyers

What Is Mining?

Mining is the process of extracting minerals, metals, and other valuable geological materials from the earth’s surface or subsurface. It involves various techniques, including underground and surface mining, as well as exploration and development of mines.

The scientific name for mining is “extractive metallurgy,” which involves the extraction of metals and minerals from ores through various physical and chemical methods.

Mining plays a vital role in the global economy, as it provides essential raw materials for various industries, including construction, manufacturing, and energy production.

In Nigeria and Africa, mining has significant potential for economic growth, job creation, and revenue generation. However, the industry faces several challenges, including poor infrastructure, regulatory and legal hurdles, and environmental concerns.

See Also: How To Start A Lucrative Consulting Business In Nigeria and Africa: The Complete Guide

What Is The Mining Company Business In Nigeria and Africa About?

Mining business is a process that involves the extraction of minerals, metals, and other valuable resources from the earth’s crust. This process involves a range of techniques and technologies to extract and process the resources efficiently and safely. The mining industry in Nigeria and Africa is a vital sector, contributing significantly to the economic growth and development of the region. Mining companies invest heavily in research to identify potential areas for mineral exploration and the best methods for extraction.

Mining companies in Nigeria and Africa produce a variety of minerals, including gold, diamond, bauxite, copper, tin, and iron ore. The production yield after mining varies depending on the type of mineral, the location of the mine, and the extraction method used. For example, gold mining in Nigeria and Africa has produced significant yields, with the continent being the world’s second-largest producer of gold.

Mining companies provides a significant export opportunity for Nigeria. The country has vast mineral resources, but the mining industry is still in its infancy, with enormous potential for growth. The government has implemented several policies and programs aimed at attracting foreign investment in the sector, creating jobs, and diversifying the economy

See Also: How The Son Of A Former African School Teacher Made Over $1 Billion Dollars

Benefits of The Mining Company Business In Nigeria and Africa

  1. Economic Growth: The mining industry contributes significantly to the economic growth of Nigeria and Africa. The exportation of minerals helps to boost the economy and create employment opportunities.
  2. Source of Revenue: Mining companies generate revenue for both the government and the private sector. The government benefits from taxes and royalties, while private companies earn profits.
  3. Foreign Exchange Earnings: Mining companies help to earn foreign exchange through the exportation of minerals. This helps to boost the balance of payments.
  4. Diversification of the Economy: The mining industry helps to diversify the economy of Nigeria and Africa. This reduces the over-dependence on oil and gas.
  5. Development of Infrastructure: The mining industry contributes to the development of infrastructure such as roads, rail lines, and electricity.
  6. Technological Advancement: Mining companies in Nigeria and Africa adopt modern mining techniques and technologies. This helps to improve the efficiency of mining operations.
  7. Job Creation: The mining industry provides employment opportunities for both skilled and unskilled labor. This helps to reduce the level of unemployment in Nigeria and Africa.
  8. Capacity Building: The mining industry provides training and capacity building opportunities for the workforce. This helps to improve the skill set of the labor force.
  9. Environmental Management: Mining companies in Nigeria and Africa adopt environmentally friendly practices. This helps to reduce the negative impact of mining on the environment.
  10. Social Development: Mining companies engage in corporate social responsibility activities such as building schools, hospitals, and providing potable water.
  11. Poverty Reduction: The mining industry helps to reduce poverty by providing employment opportunities and engaging in social development activities.
  12. Infrastructure Development: The mining industry contributes to the development of infrastructure such as roads, rail lines, and electricity.
  13. Technology Transfer: The mining industry facilitates the transfer of technology from developed countries to Nigeria and Africa.
  14. Improved Standards of Living: The mining industry helps to improve the standards of living of the people by providing employment opportunities, social amenities, and engaging in poverty reduction activities.
  15. Boosts Agricultural Production: The mining industry contributes to the growth of agriculture in Nigeria and Africa by providing fertilizers and other agricultural inputs.

See Also: How To Start A Lucrative Tissue Paper Production Business In Nigeria and Africa: The Complete Guide

Business Opportunities In The Mining Company Business In Nigeria and Africa

  1. Mineral Exploration: Nigeria and Africa have vast mineral resources that are yet to be fully explored, creating opportunities for mining companies to conduct exploration and tap into these resources.
  2. Mining Equipment Leasing: Mining companies require specialized equipment to operate efficiently, but the high cost of acquiring such equipment can be a challenge. Leasing provides an affordable option for companies to access the required equipment.
  3. Mining Consultancy: Mining consultancy services offer guidance and support to mining companies in areas such as legal compliance, environmental impact assessments, and feasibility studies, among others.
  4. Mineral Trading: The export of minerals from Nigeria and Africa provides opportunities for mining companies to generate revenue through the sale of their mined products to other countries.
  5. Mineral Processing: Mining companies can add value to their mined products by processing them into finished products, which can generate higher profits.
  6. Mining Software: Software solutions can help mining companies manage their operations more efficiently, including managing logistics, scheduling, and data analysis.
  7. Mine Security: Security is a critical aspect of mining operations, and mining companies require specialized security services to safeguard their operations.
  8. Water Treatment: Mining operations can generate wastewater that can be harmful to the environment, and mining companies require water treatment services to manage this waste and ensure compliance with environmental regulations.
  9. Mining Safety Equipment: Mining operations involve various hazards, and companies need safety equipment such as helmets, boots, and protective gear to ensure the safety of their workers.
  10. Haulage Services: Transportation is a critical component of mining operations, and companies require reliable and efficient haulage services to move their mined products.
  11. Mining Infrastructure: The development of infrastructure such as roads, rail networks, and ports is critical to the success of mining operations, and mining companies can leverage these opportunities.
  12. Mining Training: Mining companies require skilled workers to operate efficiently, and training services can help to develop the required skills and expertise.
  13. Waste Management: Mining operations generate significant waste, and companies require waste management services to dispose of this waste safely and in compliance with environmental regulations.
  14. Mining Finance: Mining companies require funding to operate, and finance services can provide the required capital to support operations.
  15. Renewable Energy: Mining companies can leverage renewable energy solutions to reduce their energy costs and minimize their environmental impact.

See Also: 25+ Lucrative Mining Business Ideas And Opportunities in Nigeria

2 Ways Coal Can Still Make You Rich (make $12,000 monthly with Coal Mining)

Few industries have been more brutalized in recent years than coal. However, this article explains how long-term investors can still make a killing in this unloved but still lucrative industry.

ake metallurgical pure play Walter Energy (WLTGQ) for example.

Back in 2011 when metallurgical coal, (used to make steel) was at a high of $350/ton, Walter Energy acquired high-cost Canadian coal miner Western Coal for $3.3 billion.

Today due to soft demand from China and new supply from Australia, metallurgical coal is trading for $120/ton and Walter has had to: cut its dividend 90%, shut down its Canadian mine and attempt to cut administrative expenses by 10% this year.

Walter’ Energy’s biggest problem is its massive debt load of $2.4 billion, in the form of bonds with interest rates of 8.5%-11%. With a debt/adjusted EBITDA ratio of 24 and the company hemorrhaging cash, Walter will deplete its cash reserves by the end of 2015. This is why the company’s bonds are trading for 60% of face value (yielding 20%) and 65% of the company’s shares are held by short sellers.

The only way Walter Energy survives is if it either sells more shares and dilutes shareholders as it’s been doing at an annual rate of 5.3% since 2006 (see the chart above) or if metallurgical coal prices rebound.

Walter Energy: speculative commodity bet
This is pretty much what investors in Walter Energy are now doing, making a speculative commodity bet that metallurgical coal will rebound before the company’s cash runs out. Given its massive short interest and the fact that each $1/ton increase in metallurgical coal price is worth about $10 million in EBITDA, this is a bet that may pay off handsomely. For example, should metallurgical coal rebound to $175/ton, Walter Energy’s EBITDA would soar to $715 million, its debt/EBITDA would fall to 3.36, and it could easily service its debts. This would likely send the share price soaring several fold in the short-term.

However, here at The Motley Fool we believe in owning high-quality companies with solid management teams and good growth prospects. That is why I don’t recommend Walter Energy but rather Alliance Resource Partners (ARLP -1.30%) and its general partner Alliance Holdings GP (NASDAQ: AHGP).

Unlike Walter Energy, which has returned -4.5% annual total returns over the last 15 years (vs the greater market’s 8.8%), Alliance Resource Partners and Alliance Holdings have proven to be very good at making long-term income investors rich. For example, Alliance Holdings in the last 10 years has nearly tripled the market (20.6% annual returns vs 7.7%) while Alliance Resource Partners, over the last 17 years has beaten the market by 583% (31.4% annual returns vs 4.6%).

While I don’t expect either security to continue with such sky-high returns, there are three reasons I believe Alliance Resources can outperform the market in the long-run and make income investors very rich.

The first reason is because Alliance Resources has some of the best, lowest-cost reserves in America in the form of its 14 Illinois and Appalachia mines.

With coal fired electricity production up 15.1%, overall coal consumption up 12.6%, and utility coal reserves down 28% this year, it seems a bottom has formed in the coal market.

Alliance Resource Partners, which has reported 13 consecutive years of record production and revenues (as well as 24 consecutive quarters of distribution growth) is well poised to continue its impressive winning streak.

Specifically it has three projects: two new mines (Gibson South and an investment in the White Oak mine) and one expansion (Tunnel Ridge longwall), that will result in a 29% increase in coal production by 2016.

What’s more, Alliance Resource Partners has proven itself a master at cutting costs, with production costs at Tunnel Ridge dropping 29% this quarter.

The second reason for investing in Alliance Resource Partners is because management has proven itself skilled at protecting the balance sheet and unit holder wealth. Consider this:

  • Alliance Resource Partners hasn’t had a secondary offering since 2003 (almost unheard of with MLPs).
  • Its leverage is remarkably low with a debt/EBITDA ratio of 1.2 vs 3.9 for MLPs and 7 for the coal industry.
  • Its distribution coverage ratio over the last year is 1.58, representing a bank-vault like distribution/dividend security and portending strong growth in years to come.

Which brings me to the final reason for investing in Alliance Resource Partners: the generous yield of 5.3%, which analysts predict will grow at 8.5% for Alliance Resource Partners and 9.8% for Alliance Holdings for the next 10 years.

With dividend/distribution growth like that long-term investors can expect total returns of about 14.5%-15.9% annually over the next decade.

Foolish bottom line
Walter Energy represents the kind of short-term, speculative coal play I’d recommend investors avoid. Alliance Resource Partners on the other hand is the epitome of a Foolish investment. It represents a best of breed company with impeccable management, a rock-solid balance sheet, and a Volvo-safe dividend/distribution set to grow strongly over the next decade. 

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