Monday, March 27, 2006



Gold is populer in industrial applications as gold has a high hesistance to corrosion. It is malleable, ductile, and processes high electrical conductivity. Gold can not be destroyed easily. It does not tarnish and also not corroded by most of the acids except by a mixture of nitric and hydrochloric acids. Gold forms an integral part of many industries. The jeweler industry the major user of gold since gold has aestfatic appeal and its beauty recommends it for ornament making above all other metals.

Gold is an important part of religious and social costums in many countries even today. It is also still used as a form of saving. Nowadays many Central Bank have been selling off huge amounts of their gold reserves. As a result the international price of gold has dropped in the last view years.

Also buying gold can prove to be a safe and parallel in vestment. Due to uncertainty in the stock market and the value of US Dollars. It is agood idea to put 10-20% of your money into a hedge fund in orther to protect yourself. becouse they have relatively stable values gold and silver have always been considered to be safe and sensible parallel investment.

Timothy Green, a well known gold expert, says: "The great strength of gold throughout history has not been that you make money by holding it, but rather you do not lose money".

A reseach study has shown that gold has maintained a consistency in its purchasing power. Records shoe that this constant has remained for over four centuries, right from the mid-twentieth century to the middle of the seventeenth century.

So we can safely say that despite recent heccups, gold is an important and populer investment which smart investors cannot ignore.


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