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History of Gold

March 7, 2011 By admin Leave a Comment
gold history

Gold has a glittering history since the ancient days. From gold flakes to gold bars, the ability to buy gold has come in many forms over the centuries. Some golden moments that make up its history are briefly recorded below: Around c.3600 BC – Gold was smelted by the Egyptians using blowpipes. 2600 BC - ancient Mesopotamian goldsmith crafted the first few pieces of gold jewelry. Between 1200 and 1500 BC, a new casting technique was developed; the so called lost-wax technique was used in the jewelry process to improve the hardness of gold, allowing color variations. 1223 BC - … [Read more...]

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Gold Bullion and Credit Cards

November 15, 2010 By admin Leave a Comment
gold bullion

Gold and credit cards have the same purpose and powers and can be considered very different from other forms of money. They both symbolize wealth status of individuals but can be very risky, especially with lack of discipline and responsibility. Apart from destroying wealth, credit cards have reduced a number of Americans into paupers because of misuse. The excessive credit limits coming with the cards can be very tempting, hence leading to misuse of the funds even in ways that are not necessary. Americans and debts The one thing that credit cards have done is thrown Americans and the … [Read more...]

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Gold and the Dollar Market Summary

November 15, 2010 By admin Leave a Comment
Gold Market

Gold serves as the counterweight for the U.S dollar regardless of the fact that most claim the two do not go together. In spite of the fact that it is the reserve currency of the world and is of very high value, in demand and confidence the dollar stands to be above gold. The value and demand of gold increases when the dollar’s confidence is low making the two go hand in hand. There are exceptions where the dollar and gold have behaved in the same manner in that they were both weak and in the same direction but because of many unrelated factors. Also, there are those periods when the two … [Read more...]

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Gold Prices in the Global Economy

November 12, 2010 By admin Leave a Comment

It is often heard that gold functions as a hedge against inflation or that gold prices are correlated to the US dollar. These assertions do not reveal the total behavior or understanding of most Americans who view gold in a broader perspective in the US economy such as the global stock market, the nation’s inflation or even the GDP of US. Gold is as important to an individual as to the US portfolio as the demand for this shiny metal was only 11% in the US between 2004 and 2008 whereas the remaining 89% demand was not accounted for to appreciate the metal’s true worth. There is a … [Read more...]

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