In 2001 gold reached its peak production of 2,600 tons, in 2009 it is expected only 1890 tons will be produced with many gold producing countries showing negative production, it is only china that will have increased production.
Gold has been the backbone of many civilizations. even an Indian trader noted that when the ancient Roman empire collapsed that the gold currency was used for centuries.
To go back further one ounce of gold during the rein of Nebuchadnezzar, King of Babylon in 562BC
One ounce of gold would buy 350 loafs of bread and today at around $1,000 per ounce, it would still buy 350 loafs of bread. So for 2500 years gold has been steady and stong:, which cant be said for paper money .
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 global financial assets.
There is physically not enough gold to go around for everyone!
Gold is considered a good hedge against inflation and turbulent economic time.
Gold nuggets from Australia are popular as we are one of the world’s largest gold producers and gold nuggets are good for collecting or jewellery making and premium is paid for gold nuggets above the spot price.
Gold bars are made in the Perth mint and available in one to 5 ounce gold bars we have Italian made gold chains in 9K and 18K. Estate gold jewellery is also popular Gold is a chemical element with the symbol Au (from the Latin aurum) and atomic number 79.
It is a highly sought-after precious metal which, for many centuries, has been used as money, a store of value and in jewellery. ...
