Global Gold – Its Position, Occurrence And Use

0
689
global gold

Gold Global Position

Gold was in the history of mankind for a long time the most important tool for exchange and payment. In addition, just having this precious metal has been associated with diverse symbolic aspects for millennia. This is especially due to its resistance. To date, the demand for gold is high. It is used increasingly as an investment. The price of gold has risen steadily since the beginning of this millennium, even with some variations. Gold is considered as a “crisis currency “, especially in times of crisis in the global economy. For this reasons, its price rose to more than $900 in the last four years for the first time. At times, its price has often soared well over US $ 1,000 an ounce (1 troy ounce = 31.1 grams) , Due to the current economic and financial crisis, the current gold price is as high as 1600 US dollars per ounce (as of June 2012).

Global Occurrence and Use of Use

For decades there have been no more major gold discoveries worldwide. Larger deposits are in South Africa, China, the US and Australia. The resources in South Africa, which dominate the world market since 1900, are running out and the production in the US and Australia has slumped down. Only China, the strongest producing country in 2008, has recorded an increase in funding. In 2009, China produced about 310 tons of gold in some 700 mines.

In addition to these major gold producers, there are many smaller states, where in recent years new gold mines were opened. These include Ghana, Tanzania, Mali and Colombia. Increasingly important is the recycling of gold. Approximately one-third of the world’s available amount of gold is obtained by the melting of ingots, jewelry, coins and electronic equipment with gold content.

Global Currencies And Gold

Overall, around half of the global amount of gold is processed in jewelry; about 12 percent in objects of art and 16 percent are in the form of bars and coins in the private ownership. Most global currencies are also backed by gold reserves. To date, the gold reserves of central banks and other monetary institutions account for about 19 percent of the world’s existing gold quantity of 153,000 tons of (as of 2007). Here, the United States with approximately 8,100 tons for the largest share, followed by Germany with 3,400 tons and the International Monetary Fund with 2,800 tons (as of 2011).

USE CONTACT FORM TO REQUEST FOR OUR PRICE

Information

Country

Contacts

Purity
24 Karats22 karats18 Karats14 Karats12 Karats9 KaratsOther
Quantity

Date Expected

A Message to Seller

Comments

comments