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ayhda88r
Posted: Fri 13:18, 30 Aug 2013
Post subject: jordan pas cher Gold - The Best Choice For A Solid
People have been using gold since as early as the 4th millennium B.C. Its particular, long-standing luster, made it so attractive for people, who mainly used it to embellish themselves - jewelry - and their environment, in the form of various decorations and objects of art. In many societies it had a positive symbolism, closely connected to the values that a particular society held in the highest esteem.
It is not a rare metal,
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as it is found in many places all over the world, so it is only normal that we should ask ourselves why it is so valuable. The value is given by its inherent properties. From a small quantity, a sizable piece of material can be obtained: one gram can be transformed into a one square meter sheet. Its characteristics
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and from a chemical point of view, pure gold is the least reactive metal, resisting all individual acids. It is attacked only by aqua regia, a mixture of the two most corrosive acids, the hydrochloric and the nitric acids. All these qualities make it ideal for coins and jewelry.
Gold being very dense, a great value can be contained in a
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relatively small volume. In the 19th century some of the greatest economic powers, such as Great Britain, Canada,
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the U.S., Germany and others used the value of gold as a standard for their currencies, creating the "gold standard", by which the
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total value of issued money is equivalent to the gold reserves of a state. The huge inflation caused by the Great Depression after World War I demonstrated that this system
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was not infallible. On the other hand, the sharp economic progress after World War II and the apparition of other valuable trading assets, such as crude oil, made gold lost its leading position, and towards the end of the 20th century the gold standards disappeared.
When a new financial institution appeared in the 19th century - the stock market - people preferred to speculate in
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bonds and stocks, as the return on value invested was rapid and considerable. The only problem is that these transactions also involve a rather high degree of risk, as
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the stock market reacts promptly to any major political, social or economic event, reflected in the price of shares, which can
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oscillate very much in a short time. Transactions in bonds and stocks function well in a climate of economic and political stability. Unfortunately, for the past few decades, we have been living very troubled times, marked by wars, revolutions, changes of governments and regimes, rising terrorism, which all create instability. In such times, people tend to protect their assets, by making safer investments, and so gold has become once again attractive.
The price of gold, as that of any other commodity, is determined by the supply and demand. As the demand for gold has been on the increase during the past ten years, its price has more that tripled. People buy mostly coins, jewels or bullion. In Europe gold may be purchased from banks, which offer gold bars
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in a wide range of sizes, for all types of investors. An alternative to banks is the authorized gold dealers. It
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