Interesting Facts About Gold

Wednesday, March 31, 2010

 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 screen televisions to improve their reliability. It is also used in airbags and breaking systems.

Gold is very ductile and a single gram of gold can be hammered into an extremely thin sheet measuring one square metre and is used to adorn decorations. It can also be made into very fine thread for embroidery. If 75% of all the gold mined since 1910 was collected up it would form a 20 m cube of 60ft a side.

For the best part gold can be recycled and reused. With numerous uses for gold it is seen as a valuable asset making now the time to buy gold for this is a stable investment which looks set to stay. More...

Why Buy Gold?

Tuesday, March 30, 2010
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. More...

Gold - What's Its Attraction?

Monday, March 29, 2010
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. More...

The World Gold Council

Thursday, March 25, 2010
The World Gold Council recently released figures ranking 133 countries in order of the amount of gold holdings they possess. More...

Greek Debt Crisis

Tuesday, March 23, 2010
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. More...

Gold Market Summary

Monday, March 22, 2010
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. More...

Gold Verses Currency Investment

Friday, March 19, 2010

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 protect against the volatile global economy.

Jim McDonald of Northern Trust suggests that with the poor credit rating of the U.S and other countries and as their debts mount "this raises the question about the value of the paper currencies issued by these countries". The smart move, analysts suggest, would be to buy gold.

More...

Pot of Gold

Thursday, March 18, 2010
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! More...

Federal Reserve Keeps Interest Rates Low

Wednesday, March 17, 2010
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%. More...

Gold Up as Rand Gets Stronger

Tuesday, March 16, 2010
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. More...
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Buying physical gold is not regulated by the Financial Services Authority (FSA). For the benefit of doubt, we are not Financial Advisors or fund managers nor do we give financial advice. The information contained on this website is for "informational purposes" only, and does not replace professional, regulated advice. We encourage you to do your own research before buying gold or silver, and to seek out professional advice from an Independent Financial Adviser (IFA) if you are unsure.