By Jack Wogan
No other precious metal is as well-known as gold. Although all precious metals have a mainly industrial use, they are best known for use in coins, art and jewelry. Gold, despite its large density is one of the most malleable and ductile metal. Due to this malleability, it is rarely found in pure form therefore is most often combined with metals such as silver, copper and nickel in order not to bend easily.
It has been generally agreed that in order to measure the purity of the gold, therefore its actual value, to use a scale from 1 to 24 karats, as per the proportion of other metals with which gold has been alloyed. The international understanding is to have the troy ounce as the means for weight measurement.
Gold is usually purchased by those who dispose of large sums of money, reason for which the ownership of gold, especially in big quantities and of major values, has been considered as being a prerogative of the rich. Royalty is also underlining their status by giving visibility to their patrimony of gold jewelry, mainly during official ceremonies. When it comes to the proportion of gold in jewelry, it is quite essential to keep in mind the possibility of losing their value if too much alloy added.
During previous times, gold under the form of coinage was important as currency during daily trade operations. Nevertheless, nowadays it is mainly used as an investments tool having and ISO 4217 currency code. The gold standards have provided a basis for monetary policies across the world.
In these times of financial and economic instability, it is hard for most investors to judge the efficiency and security of traditional means of investment.
Even in normal periods of time the evolution of currency and other means of investment are difficult to predict. Therefore, investors will look for a “safe haven” such as buying gold. Historically speaking gold has been one of the safest ways to quantify wealth.
When deciding to buy gold it is common to go for bullion coins or under the forms of bars. Good preparation about the procedure and the history of gold transactions as well as getting advice from specialized consulting entities will insure the success of the investment.
Learn from professionals how buying gold can help you in times of recession.
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MLA Style Citation:
Wogan, Jack "Gold Evolution And Its Properties." Gold Evolution And Its Properties. 2 Jul. 2010. uberarticles.com. 7 Aug 2014 <http://uberarticles.com/finance/gold-evolution-and-its-properties/>.
APA Style Citation:
Wogan, J (2010, July 2). Gold Evolution And Its Properties. Retrieved August 7, 2014, from http://uberarticles.com/finance/gold-evolution-and-its-properties/
Chicago Style Citation:
Wogan, Jack "Gold Evolution And Its Properties" uberarticles.com. http://uberarticles.com/finance/gold-evolution-and-its-properties/
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