What exactly is gold ?
As always in the market economy, the cost of a commodity is determined by supply and demand . So to be able to think about future price advancements, you should know what exactly is gold, who it really is interesting for and who buys it in large quantities.
Gold can be a valuable metal with extremely special chemical properties . It’s the only metal with copper, which is usually colored in 100 % pure form. The golden glow offers generally charmed people and encouraged the idea that gold is something very special. For a long time, mankind thought that it possessed magical abilities. For this reason, jewelry was created from it, that was worn on the body.
gold-ira was among the first metals prepared by ancient humans. The early humans loved it because it didn’t rust, it is relatively heavy and shines. The oldest gold objects found day back to around 4,000 BC.
Because of its strength and the possibility to very easily divide it into different sizes, it has been used as a means of payment because the 6th century BC. With the help of gold, the trade in products was abolished, which has brought about an excellent financial upswing. Who owned many gold coins could buy almost everything.
Spend money on gold: a label
Gold in the here and now
Gold is still a very popular materials for the jewelry industry today. Gold jewelry means prosperity and power. Because of the chemical properties, it is very popular in a variety of industries such as for example electronics, optics and medication.
It is firmly anchored as a very important element in parlance. This expresses itself through metaphors like “the black gold”, “hip gold” and “earning a golden nose”.
An entire sector has switched its focus on counterfeiting the gold look and items people worldwide with gold imitations. Many jobs depend on gold, and many people make their valuable metal business.
Invest in gold: a label
What goes on to the gold?
If you want to purchase gold, especially interesting is what goes on to all the gold. Frequently, the argument for a purchase is that the quantity of gold available worldwide is limited and the purchase price therefore instantly rises gradually. What is often not considered is that brand-new gold deposits are regularly found. Furthermore, known gold veins presently considered not really economically viable to end up being reached by technical progress and thus escalates the amount of gold eligible.
Another aspect is that received gold is hardly ever lost. It is constantly recycled and thus continues to be in circulation.
By 2011 , some 170,000 tonnes of gold had been brought to light . If it were distributed pretty among humanity, everyone could have a bit more than 1cc.
About over fifty percent of the gold was processed into jewelry. Around 20% are owned by financial institutions such as the FED and the ECB. 16% had been converted into gold bars and coins and then bought by personal individuals. Simply over 10% were turned into artwork. This includes, for instance, processing on picture frames or gilding chandeliers.