Gold is a precious metal

Gold is a precious metal, which rarely occurs in pure form, but usually in the form of alloys. It has a high density and is supported by air, moisture, heat and most solvents are not attacked. Because of its uniqueness and its value, gold is a popular hedge against asset forfeiture in times of war or inflation.

Already in ancient gold fascinated the people and it was valued for its rarity, durability and beauty. The Egyptians supported the yellow metal in 2000 BC, the Romans brought their first gold coins issued 50 BC.

Gold can be easily processed and has excellent conductivity of electricity and heat. These properties make the yellow precious metal into an important raw material for industry. Major application areas are the electrical industry and the dental technology, a sector in the gold since 3000 years is used. By far the largest gold-processing industry (75%), however, is the jewelry industry. With the exception of Antarctica (here in decades is an international mining moratorium in force) will be gold supported on all continents. South Africa has 16% market share of main producers.

Currently the world’s gold reserves as high as never before in world history. Unlike other commodities, which are consumed, gold is virtually indestructible. The United States hold the largest reserves (about 8,133 million ounces Tonnen/287), followed by Germany (3,417 Tonnen/120 million ounces) and the specialized agency of the United Nations, the International Monetary Fund (3,217 Tonnen/113 million ounces). France, however, lies in fourth place (2,586 Tonnen/91 million ounces). In March 2008 the price of gold reached the first time a value of more than 1,000 U.S. dollars per ounce. On demand of six years, quadrupled the price of gold almost.

Gold is regarded as safe investments. An investment in gold can be used by a physical as well as buying from the trading of securities shall be made. The purchase of physical gold coins or investment bank is in stores, precious metals and coin possible. These are deposits with banks with high costs, while the trading of securities is often to reduce costs. Investing can be directly on the stock exchange or broker in gold certificates, gold funds and gold ETFs. This is the physical delivery away. It is also possible on gold stocks denominated par bonds, the so-called Xetra-Gold, on the stock to buy. This is how one shares transferable.

London, Zurich, New York and Hong Kong are the main trading places for gold. Trading is the precious earth on the New York Mercantile Exchange (COMEX Division), at the Chicago Board of Trade, on the Euronext / LIFFE, the London Buillon Market, at the Tokyo Commodity Exchange, at the Bolsa de Mercadorias and Futuros and at the Korea Futures Exchange.

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