live gold prices
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Gold is a very valuable precious metal accepted as safe
havens for investment, gold is soft, malleable, ductile metal with brilliant
yellow color, and its bright yellow color is maintained even in water or oil.
The price of
gold is influence by demand and
supply, the higher the demand the higher
the price and the lower the demand the lower the price, gold price is also affected by demand
speculation, saving and disposition affect the price of gold more than its consumption, as gold is used to
store monetary value since from the ancient time. Most of the gold ever mined are still
preserved and never consumed; gold were the currency in the roman and the subsequent
empire, and its production did not stop. see on stock exchange
This gold is ready to
come to the market when the price is ok. The total amount of gold above ground
as stated by warren buffet will just feet a cube of sides 20 66ft. Since there
is large quantity of gold above ground, the gold price is likely to be affected
by demand rather than supply,
The best way to
invest in gold is to buy bullion of gold bars, in some countries like Switzerland
major banks; there are gold dealers who can alternatively do so.
Bars generally carry lower premium prices than bullion
coins, but larger bars carry more risk of forgery due to low stringent
parameters for appearance. While bullion coins can easily be measured and
compared to determine its veracity whereas a gold bar cannot be
tested in such way.
The greatest gold
producer in history is south Africa as of 2006, followed by united state, china, and Peru other counties
with large land masses has overtaken
south Africa . see BP stock prices
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