Gold was, through out history, a most important commodity. It is
because it was and still is a secure refuge for people who are concerned
about the changes in the international markets. They can
turn their money to gold knowing that the price of gold is, usually,
stable. The price of gold rises when there is concern with wars,
instability or other fear of those investors that use their money
to buy shares,because the value of gold is, relatively, stable.
Issac Newton linked the British Pound to the gold and the era in
which coins are tied with metals,has begun. Each country held a gold
depository and, it is safe to say that dependency on gold was
almost total. After the first world war, countries started to dismiss
the linkage to gold. as a result the value of the us $ has plunged and
it is now worth less. (If the U.S. decides to go back
to linkage to gold, that is to back the full amount she printed out to
the amount of gold it has,gold price Will rise to $ 23,000 per ounce
compared to $ 1,000 today. This is because on every dollar it would have
to pay the price in gold and as she printed massive amounts of dollars
(since the official cancellation of linkage to gold, the value of the
dollar has plunged).
What so special about gold?
Gold is the element from which most jewelry is produce.
Gold was familiar to man since antiquity and it is apparently one of the
first metals that the man has used. evidence exist of immemorial use of
gold, among them evidence from Egypt from year 2600 b.c. that describes
use of gold. Additional evidence from geographical rich areas in gold
and in stories, mythes and lore.
As a result of it's low chemical activity, gold is typically found i
nature appearing as an alloy (in ore) or in free form, often as tiny
grains. Gold's concentration in the Earth's crust is 0.03
parts per million (ppm) and the main commercial source is volcanic rock.
Sea water also contains gold, with concentration ranging from 0.2 to 1
milligrams of gold per ton of water. Refining process
of gold from sea water is an expensive process and therefore has no commercial use.
Pure gold has a high specific weight of 19.32 grams per cubic
centimeter, It is poured in 1064.141 degrees Celsius. Another special
feature of gold is the great difficulty it has combining with other
materials, this special nobility feature makes gold appear in nature as
close to pure as stone and makes him look brilliant in almost every
condition. It is a combination of these features:
rarity, radiance along with the relative softness that makes it easy to
mold, that has earned gold a special status symbolizing social rank
using blazonry, representative and ceremonial uses,
including the use as the basis for money.
Exploitation of gold properties for industrial purposes is relatively
new, when, among other things used to make glass a one way mirror and
coated electrical contacts in the electronics industry, to maintain
quality of the transmission properties. Gold has a critical role in
computer and communications components. Gold's high resistance to
corrosion is harnessed to use as a thin coating material for several
types of surfaces. Gold is used in nanotechnology too.
Since the start of the current economic crisis in 2009, demand for
gold is rising and its price is breaking previous records. Studies have
shown that gold price rises in a period of instability and
economic uncertainty, and falling When the economic storm subsides.
Today gold prices are among the highest of all times (more than
$1,800/oz. as I'm typing), if not the highest and experts predict it
would keep on rising (target price in 2015 - $15,000/oz.).
If you have gold? You have money...

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