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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...
barakd is a free thinker and he likes to tell it as it is. Be prepared. Take action now. Purchase Gold Coins now!
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