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Why Invest in Gold?
Gold. Rare, beautiful, and unique. Treasured as a store of value for thousands of years, it is an important and secure asset. Paper currencies may come and go, but gold endures.
It has maintained its long term value, is not directly affected by the economic policies of individual countries and doesn't depend on a 'promise to pay'.
Safe haven
Completely free of credit risk, although it bears a market , gold has always been a secure refuge in unsettled times... (0 KB) |
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How Gold is Used
Medical Miracles
Five thousand years ago, our ancestors cherished gold for its mystical qualities, believing it warded off evil spirits and healed the sick. Now in the 21st Century, non-toxic and biologically benign gold is used by modern medicine to help us lead longer, healthier lives.
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How Gold is Produced
Spinning Gold: From Ore to Bullion
Since the California Gold Rush over 150 years ago, the prospect of finding gold has driven men to great lengths. For the hardscrabble 49ers, the search for gold meant wading in riverbeds to sift gold from the rushing water. Today, gold is mined from the earth, since most of the surface gold -- known as alluvial gold -- has been found. The gold-mining process is intricate and multi-faceted, tying cutting-edge technologies with old-fashioned determinati... (2 KB) |
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Glossary of Terms
Assay
The chemical test of rock samples to determine the metal content.
Autoclave system
Oxidation process in which high temperatures and pressures are applied to convert refractory sulphide mineralization into amenable oxide ore.
Ball mill
A large steel cylinder containing steel balls into which crushed ore is fed. The ball mill is rotated, causing the balls to cascade and grind the ore.
Bench
Successive steps/horizontal increments mined as an open pit p... (2 KB) |
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NEW YORK gold to $1000 this year
NEW YORK (AFX) - Gold futures should reach the $850 an ounce level sometime this year, propelled by dollar weakness and the need of foreign governments to diversify away from the U.S. currency, James Turk, chairman and founder of GoldMoney.com, said Wednesday. Gold futures peaked at a closing high of $721.50 an ounce on May 11 and have been trending lower since then. However, Turk characterized the weakness seen this month as a correction, and predicted further gains for gold. Prior to this mont... (1 KB) |
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