When you think of gold you immediately think of bullion, coins or jewellery but 10% of gold of the gold produced is used for alternative uses. Gold is used in many chemical processes due to its unique chemical structure and as a conductor. In dentist work gold is seen as being very durable and important as not many people are allergic to it. Interestingly gold is found in mobile phones and flat ... More...

There are various factors which continue to push up the gold price and make the case for now being the opportune time to buy gold. Two major ones include high levels of sovereign debt leading to currency debasement and increasing inflation, both of which have historically led to past gold price increases. When a government is faced with a financial crisis, such as the global one of recent years... More...

The chemical symbol for gold is AU from the Roman goddess of dawn, Aurora. Gold is one of the first metals to be discovered by man around 5000 BC. This soft metal with a bright yellow lustre has been held in great esteem throughout history and is still highly valued even today, being mined in 60 countries around the world. Gold can be traced back to ancient Egypt with its exquisite objects and ... More...

The World Gold Council recently released figures ranking 133 countries in order of the amount of gold holdings they possess. Not surprisingly the USA maintained its position at the top of the rankings with 8,133.5 tons of gold holdings. It is suggested that the US possess so much gold as a safety net which allows them to use it in times of emergency, such as war. Following the US is Germany wit... More...

Gold ended the week slightly lower at the close of market on Friday at $1107.60 in comparison to the euro which rose 2.2% to 818. With the dollar showing sign of gaining in strength recently, gold prices have remained resilient. Speculation appears to be fuelling the recent flurry to buy gold as a hedge against paper currencies. India’s Central Bank lowered interest rates this week in ... More...

Gold ended the week slightly lower at the close of market on Friday at $1107.60 in comparison to the euro which rose 2.2% to 818. With the dollar showing sign of gaining in strength recently, gold prices have remained resilient. Speculation appears to be fuelling the recent flurry to buy gold as a hedge against paper currencies. India’s Central Bank lowered interest rates this week in ... More...

Investors traditionally buy gold as a hedge against the fluctuating U.S dollar, but with the recent economic downturn the price of gold is also being affected by the value of other currencies such as the euro and the pound. With increasing sovereign debt from countries like Spain, Greece and Portugal and the high risk element in paper currencies, now seems the opportune time to buy gold to protec... More...

With yesterdays St Patrick’s celebrations over for another year, I wonder how many people had the luck of the Irish and found that elusive pot of gold! As Nations around the world slowly start to recover from the global economic crisis which has devastated many economies, investors are being encouraged to see gold as the ultimate safe haven for their money. With the fluctuating U.S dollar... More...

In the U.S the price of gold soared yesterday to $1,128 as the U.S Federal Reserve announced there would be "no change" on interest rates. In Europe and the UK the gold price rose by 1%.The Federal Reserve hopes to keep interest rates between 0.00% and 0.25% for an “extended period of time” with an aim to keep fighting deflation. This came as no surprise to financial markets. The U.S economy seems... More...

Good news for South African gold companies and investors as the price of gold and platinum continued to rise yesterday. This can mainly be attributed to the Rand strengthening against the dollar.Gold and platinum exports make up a quarter of South Africa's export earnings so they play a vital role in the country’s economy. Over recent years the gold industry in South Africa has been hit hard by th... More...