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Economics. Gold. Prices. Comments. Facts

SOME MAIN FACTS ABOUT GOLD

 Throughout history gold has often been seen as a symbol of wealth. 
 In the Aztec language, the name for gold is teocuitlatl, which means "excrement of the gods.". 
 Gold resists attacks by individual acids, but it can be dissolved by aqua regia (nitro-hydrochloric acid), so named because it dissolves gold.  
 Gold's atomic number of 79 makes it one of the higher atomic number elements that occur naturally.  
 On Earth, gold is found in ores in rock formed from the Precambrian time onward. 
 Gold chemical symbol is Au and its atomic number is 79. 
 The consumption of gold produced in the world is about 50% in jewelry, 40% in investments, and 10% in industry. 
 Very few chemicals can attack gold, so that’s why it keeps it shine even when buried for 1000’s of years. 
 Gold and copper were the first metals to be discovered by humans around 5000 B.C. and are the only two non-white-colored metals. 
 The term gold is the from the Proto-Indo-European base *ghel/*ghol meaning 'yellow', 'green', or possibly 'bright'. 
 The largest gold nugget believed to exist today is the "Hand of Faith," a 60-pound specimen discovered in Victoria, Australia, in October 1980.  
 Measured concentrations of gold in the Atlantic and Northeast Pacific are 50–150 fmol/L (about 10–30 g/km3).  
 The price of gold continually fluctuates and is often linked to major economic events. 
 Eighteen-carat gold containing 25% copper is found in antique and Russian jewelry and has a distinct, though not dominant, copper cast, creating rose gold. 
 Gold can be used in food and has the E number 175. 
 
Guest:
 
The troy ounce (oz t) is a unit of imperial measure. 1 troy ounce = 0.0311034768 kg or 31.1034768 g.

Gold is called a noble metal. Coins are made from this metal, and gold bars are kept in banks. Even from ancient times gold is considered as the means of accumulation of wealth. Why the yellow metal but not such noble metals like silver, platinum?

 When banknotes were founded, their value index was determinated according to pure gold. It remained valuable even today. It is thought that after money devaluation the value of gold remains more stable. People, who save gold supply, but not pure banknotes, feel financially stronger. Thought the price of this metal also changes, but not so drastically as money. People invest money not only buying gold coins, but also a wide variety of jeweler, house decorations made from gold. Precious gold property is handed down from one generation to another. People are proud of having much yellow metal, obviously, there is danger lose gold if security is not ensured.

 If thieves find out gold treasure in the house, you are likely to be robbed by them, but it is advisable to keep the property in bank safes.

2015-01-25 19:58:32
Anon:
 
Gold is a very precious metal. It is used for the money and jewelry and in various chips. Gold does not oxidize. Color of this metal has its own name - golden color. This metal is fairly heavy. A man with his hands can fold a coin (nonsense: Admin). The value of gold depends on many circumstances. Maybe, it is manipulation of an international market. Gold is pure metal. It is very shiny.

2015-02-17 04:40:14
Gold maker:
 
The yellow metal is also known as a standard of wealth.  Although the price of gold is also changing, but not so drastically as other goods. Gold is known as a precious metal. Some coins and the ingots are made from gold. A paper money value was based on the gold, but not today. It is believed that gold remains profitable. So gold remains as a measure of wealth.  Persons who accumulate gold reserves feel stronger. The money are invested not only in gold coins, but also people like a variety of jewelry, household items made from gold. It is beautiful metal, but sometimes people become too greedy and see only wealth, but not loved relatives, beauty of nature. They see only money. But life is short and there is no time to solve all mistakes and renounce greed.


2015-03-16 12:21:25
Gold buyer:
 
Why you should buy gold? People do not trust currencies, the swings of currency rates just sucks. Gold looks like a good investment. Historically gold has rescued from inflation many persons and companies, and some people avoided a bankruptcy. Therefore, when having mistrust to currency and constantly fluctuating exchange rates, this is a good choice.
 
Specialists say the price of gold will rise. But somebody says that it has become a new economic bubble. The bubbles, as we know well, explode. Those, who during the peak of the bubble buy gold, could suffer significantly. Gold price is mainly determined by the United States. If they lend more money, the gold becomes more expensive. Analysts say if the US economy suffers an another shock, the gold price will fall drastically.
 
So what to do? You need to monitor gold mines and related enterprises on the stock exchange. It is a nice moment to begin mass hysteria and catastrophic "sell-out". Briefly this was in 1980. 1984 again a large depreciation. History may will not be repeated, but we need to be aware. Even the best experts can be wrong, or they can manage the topic to needed, useful direction. They have their own tasks. Other experts say that if there is no reason it will not go down, neither will not go up. But the reason may soon occur, this could be a military conflict or some bankrupt state government.
 
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