Why Sell Gold

December 27th, 2009 by nedmarx

The rare precious metal gold has been sought after by mankind for the last 5000 years. This has led to gold becoming one of the most valuable of metals in the world and the history of mankind. It’s importance has been further underlined by governments around the world using gold bullion to provide the asset-backing for the money they issued – in the times of early coinage, the value of a coin was actually the amount of gold which it contained – the stamp of the treasury or mint which issued it was a quality assurance that the coin really contained that much gold and this spread to the use of gold for other purposes, particularly jewelry and today gold is always stamped with a “hallmark”.

 

It is this link to the financial worth of currency which creates most of the demand for gold today. Paper money is just…

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Who Buys Gold These Days?

December 24th, 2009 by nedmarx

The main purchasers of gold today are investors; while it is true that gold is much in demand to make jewelry this is secondary as high prices and poor economic conditions are deterring consumers from splurging on high-priced jewelry. The question is why are investors buying gold so heavily and especially at a time when investments elsewhere such as real estate and stocks are taking such a beating?

 

The answer is wrapped up in our financial system and the global economy actually works , so this article will seek to explain in laymen’s terms a very complex financial structure which has underpinned economies worldwide for the entirety of modern society’s existence.

Gold was sought after in early times because of its beauty and rarity; when coins were first minted, the value of a coin was the value of the gold it contained. For instance, the pirate phrase, “Pieces of…

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