In 2001, gold reached its peak production of 2,600 tons. Experts expect that in 2009, only 1890 tons will be produced, with many gold-producing countries showing negative production. Only China is expected to increase production.
Gold has been the backbone of many civilizations. When the ancient Roman Empire collapsed, one Indian trader noted that that the gold currency had been used for centuries.
Going back further, during the rein of Nebuchadnezzar, King of Babylon in 562BC, one ounce of gold could buy 350 loafs of bread. Today, at around $1,000 per ounce, it can still buy 350 loafs of bread. This means that for 2500 years, gold has been steady and stong. The same cannot be said of paper money.
Gold is considered a good hedge against inflation and turbulent economic times. Gold has been called the barometer of fear, and today gold is popular.
In 2008, the value of privately held gold was valued at 650 billion dollars, or less than .003 percent of the estimated $187 trillion in global financial assets. There is physically not enough gold to go around!
Gold nuggets from Australia are popular and gold nuggets are good for collecting or jewelry making. Premium is paid for gold nuggets above the spot price. We are one of the world’s largest gold producers.
Gold bars are made in the Perth mint and available in 1 to 5-ounce bars. We have Italian-made gold chains in 9K and 18K. Estate gold jewelry is also popular.
Gold is a chemical element with the symbol Au (from the Latin aurum) and atomic number 79.
Gold is a highly sought-after precious metal which, for many centuries, has been used as money, a store of value, and in jewelry.
GOLD – is a gemstone of ABUNDANCE.
Gold is known to have the capability of holding other stones' energy.
Gold also enhances one to be humble and eliminates ego tripping.
Gold, in ancient times had been known to treat arthritis.
Gold has been known that when injected, its disabling the cells that