Gold as an investment haven. When the economy collapses, Gold rises. A simple law is confirmed in each of the crises that have occurred. In inflationary periods, the Gold is the best defense.
Rather limited. Throughout history, people have extracted 153,000 tons of gold bullion, approximately a cube of the height of the Statue of Liberty. Metal reserves are estimated still to draw between 50,000 and 60,000 tonnes. At current estimated reserves will be exhausted in about 15 years.
Sound investment. When the stock market is unstable, is about to burst the bubble in the housing market and interest rates are not attractive savings, gold becomes more desirable the investment objective.
Financial crisis. If you fear the financial system stability, preferring to withdraw their savings deposited in the bank to keep them in a safe or under a tile, which makes many people now know that in the event of financial collapse, tickets may lose their value, gold is not.
Operating cost. The cost of extraction increases steadily. The sites are increasingly deeper. Holdings that until recently were not profitable, have been reopened thanks to price increases and new extraction technologies
Increased demand for the “New Markets”. In recent years, emerging economies like India and China have seen their purchasing power is increased. Gold in these countries is a symbol of prosperity and its widespread use in social and religious festivities. No wonder that global demand is rising proportionately to the increase of income of these nations.
History. From the beginning of time man has been fascinated by the precious metal. The slope of Gold was first discovered in Bulgaria and has been dated to 7000 years before Christ. No culture that has known has felt indifferent.
Gold Fever Passion attraction … The Gold has led expeditions and conquests, wars and invasions. Thousands of people moved into inhospitable territory for bullion and built great cities in its wake in California, Alaska,…
Price. Regulated by the market, the price of gold may go up or down depending on supply and demand, but the gold has never lost its value.
Asset. The value of gold coins is not a function of their utility (although it has an important industrial use) and beauty but is determined primarily by their scarcity.
Eternal. Its chemical conditions make it virtually unchanged. Neither is burned as a ticket, or may fracture as a diamond (hardness maximum but relatively fragile to breakage).
Gold Standard The economy is based on trust. A bank bill has no value in itself, only if there is a widespread belief that it is. Until recently, paper money is backed with precious metals like gold coin and Silver.
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