Gold and Leverage: Putting the Power of Gold to Work for You!
Gold and Leverage: Putting the Power of Gold to Work for You!
Gold is a chemical element with the symbol Au (from Latin: aurum "gold") and an atomic number of 79. Gold is a dense, soft, shiny metal and the most malleable and ductile metal known. Pure gold has a bright yellow color and luster traditionally considered attractive, which it maintains without oxidizing in air or water. Chemically, gold is a transition metal and a group 11 element. With exception of the noble gases, gold is the least reactive chemical element known to man. It has been a valuable and highly sought-after precious metal for many things such as coinage, jewelry, and other arts since long before the beginning of recorded history.
Gold standards have been the most common basis for monetary policies throughout human history, being widely supplanted by fiat currency (any money declared by a government to be legal tender) only in the late 20th century. Gold has also been frequently linked to a wide variety of symbolisms and ideologies. A total of 165,000 tonnes of gold have been mined in human history, as of 2009. This is roughly equivalent to 5.3 billion troy ounces or, in terms of volume, about 8,500 m, or a cube 20.4 m on a side. The world consumption of new gold produced is about 50% in jewelry, 40% in investments, and 10% in industry.
Besides its widespread monetary (wealth) and symbolic functions, gold has many pracctical uses in dentistry, electronics, and other fields. We, however, are more interested in gold with its monetary function and how it can make you and I wealthy. Read on to find out more
Like other precious metals, gold is measured by troy weight and by grams. When it is alloyed with other metals the term carat (or karat) is used to indicate the purity of gold present, with 24 carats being pure gold and lower ratings proportionally less. The purity of a gold bar or coin can also be expressed as a decimal figure ranging from 0 to 1, known as the millesimal fineness, such as 0.995 being very pure.
The price of gold is determined through trading in the gold and derivatives markets, but a procedure known as the Gold Fixing in London, originating in September 1919, provides a daily benchmark price to the industry. The afternoon fixing was introduced in 1968 to provide a price when US markets are open.
Historically gold coinage was widely used as currency; when paper money was introduced, it typically was a receipt redeemable for gold coin or bullion. In a monetary system known as the gold standard, a certain weight of gold was given the name of a unit of currency. For a long period, the United States government set the value of the US dollar so that one troy ounce was equal to $20.67 ($664.56/kg), but in 1934 the dollar was devalued to $35.00 per troy ounce ($1125.27/kg). By 1961, it was becoming hard to maintain this price, and a pool of US and European banks agreed to manipulate the market to prevent further currency devaluation against increased gold demand.
On March 17, 1968, economic circumstances caused the collapse of the gold pool, and a two-tiered pricing scheme was established whereby gold was still used to settle international accounts at the old $35.00 per troy ounce ($1.13/g) but the price of gold on the private market was allowed to fluctuate; this two-tiered pricing system was abandoned in 1975 when the price of gold was left to find its free-market level. Central banks still hold historical gold reserves as a store of value although the level has generally been declining. The largest gold depository in the world is that of the U.S. Federal Reserve Bank in New York, which holds about 3% of the gold ever mined, as does the similarly laden U.S. Bullion Depository at Fort Knox.
In 2005 the World Gold Council estimated total global gold supply to be 3,859 tonnes and demand to be 3,754 tonnes, giving a surplus of 105 tonnes.
Since 1968 the price of gold has ranged widely, from a high of $850/oz ($27,300/kg) on January 21, 1980, to a low of $252.90/oz ($8,131/kg) on June 21, 1999 (London Gold Fixing). The period from 1999 to 2001 marked the "Brown Bottom" after a 20-year bear market. Prices increased rapidly from 1991, but the 1980 high was not exceeded until January 3, 2008 when a new maximum of $865.35 per troy ounce was set (a.m. London Gold Fixing). Another record price was set on March 17, 2008 at $1023.50/oz ($32,900/kg)(am. London Gold Fixing). In late 2009, gold markets experienced renewed momentum upwards due to increased demand and a weakening US dollar. On December 2, 2009, Gold passed the important barrier of US$1200 per ounce to close at $1215. Gold further rallied hitting new highs in May 2010 after the European Union debt crisis prompted further purchase of gold as a safe asset. On March 1, 2011, gold hit a new all-time high of $1432.57, based on investor concerns regarding ongoing unrest in North Africa as well as in the Middle East.
Since April 2001 the gold price has more than tripled in value against the US dollar, prompting speculation that this long secular bear market has ended and a bull market has returned.
These are examples of how the price fluctuation of gold has changed over time and, many times, in fairly short periods of time. If you didn't know already: the values of all currency, precious metals, commodities, etc. which fluctuate on a second-by-second basis. If you know how, you can turn a small amount of money into a large amount of money. We all know that the more money you have, the more comfortable you life can be and the easier it is to maintain your health and the health of your family.
So, how do you do this??? It really isn't that difficult, however, I would not want to be responsible for someone's life by performing a life-saving operation on them without any education. You need to learn how to leverage what you have into the amount of money you want. The whole course on how to do just that is available now, for anyone to learn! You can do what I am doing right now: leveraging a little money into a better life for me, my wife and my family. This is a secret that I just couldn't keep to myself! It has the power to change lives for the better!
Click Here! It isn't hard to learn, just learn the steps and then put it into practice over and over again for a better life. The system provides you with a clear, simple and easy-to-follow blueprint for success in the gold commodity market. It's an electronically delivered home-study package complete with online video tutorials and personal mentoring from the creator of the system. Step-by-step you will learn the easiest imaginable way to earn consistent compounded returns on your money by trading the gold commodity market with a leveraged brokerage account.
I wish you the very best in wealth, health, and life!
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