What is gold?

As a general basis of complex, here is exactly what the common people should be aware of in terms of gold - the element: Gold is a chemical element with the symbol Au (which comes from the Latin aurum, "gold") . It was an incredibly sought-after precious metal for coins, jewelry and various arts since the beginning of recorded history. As a native metal occurs as nuggets or grains in rocks, in veins or vein Brent pierce structures and in alluvial deposits. Less frequently occurs in minerals such as gold compounds, usually with tellurium. Leave as metals, gold is very dense, soft, shiny and the most malleable and ductile pure metal 100% available. Real gold has a bright yellow color and luster traditionally considered beautiful, she remains without an oxidizing agent in the air or water.

Most obvious to most people, gold is definitely one of the metals, as a sign of success and a business worth served gordon brent pierce by the course of history. You'll notice it has to be linked to a series of symbols and ideologies.

The calendar year 2008 was not an easy year to remember, especially because it indicates a serious shift in the financial world. In September of that year, the global markets were on their way to what some experts to be scarce as the brink of a meltdown. Not quite by accident before the crash of September, the purchase price of gold has been rising at a nominal high of U.S. $ 1,004.38. Line Break Line Break Line Break Line Break Gold is certainly an important raw material. It was used all through the history of money than the Europeans in the later part of the 19th Century, and also from the United States until 1971. Like the U.S. system has gone at this point of gold, backed by a fiat currency (money value, just because the state regulation or law), gold has assumed the role of protector. Every time money is printed in times of economic uncertainty, the total value of the cash flood, as it devalued the system. The reason why gold is so valuable in these events is that it represents property, plant, making it a hedge against inflation, deflation or currency devaluation.

What makes gold exclusively for other commodities, the role that speculation plays in its market price. Unlike other commodities, the annual production is relatively low compared to the quantity available, which is stored above ground. According to the World Gold Council, the mined 2,500 tons of gold in recent years, is over 2,000 tons of jewelry / dental production, and the rest goes to retail investors and exchange traded gold funds. Despite the limited production, the price of gold rose nearly 30 percent over 2010, a powerful example of how changes in public opinion affect the price much more than the annual production.

For those experienced by us are not economists and market analysts, we considered able to reverse the trend of the gold within the market, a general perception of how individuals are to be obtained about the future in economic terms, the feeling. Often we have seen that when gold rises in value, there is a sense of unease. Conversely, such as gold trend downward, many times, it coincides with a perceived return to stability in the market.