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Stock investment analysis
Financial analysis and investment
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When asked about investing, many people imagine a crowded building in New York with thousands of stock brokers in their different crowds for different stock. Many people do not consider investing in one of the most common jewelry metals. Gold can also be a good investment economically as the demand is increasing quickly as more and more household and industrial components and different jewelries are being produced, and even some uses, like NASA’s uses, many people have not thought of. However, the supply is increasing at a much slower rate. In 2003, gold was being consumed, through creation jewelry, electronics, etc., at a rate of 120 million ounces per year; however, the rate at which gold was being produced at that time was only 80 million ounces.
Gold is one metal commonly found in jewelry and other ornate objects. This precious metal with the chemical symbol of Au, from the Greek “Aurum” literally meaning “shining dawn”, has been described as a symbol of wealth or power. Humans in general have had a hunger for this shiny metal. Goldfacts.org’s FAQ section states that 71,147,581 ounces of gold was used for jewelry was used in 2010. It is estimated that the total amount of gold, 5,407,112,558 ounces, in the world would add up to become a cube with edges measuring 19 meters each.
The current gold scrap price according to goldprice.org is at a high of $1338.86 USD per ounce. This is a $945.90 USD per ounce increase over the past 10 years. According to this, gold was $392.96 USD per ounce in the year 2003. Gold has had a 241 percent increase in price per ounce for this past decade. Because of the use of gold in electronics, this change is obvious in the sense that the production rate of electronics has increased at the ...
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Cisco Visual Networking Index: Global Mobile Data Traffic Forecast Update, 2013–2018. Cisco, 5 Feb. 2013. Web. 25 Mar. 2014.
Frequently Asked Questions about Gold. World Gold Council, 2014. Web. 12 Mar. 2014.
“GDP (current US$).” Gross Domestric Product. The World Bank Group, 2013. Web. 12 Mar. 2014.
Gold Eagle. Gold5000, 14 Apr. 2003. Web. 6 Mar. 2014.
Gold Price. Gold Price PTY, 2013. Web. 5 Mar. 2014.
Nash, Jim. “How Much Gold Is In Smartphones and Computers.” Tech Page One. Dell, 20 Mar. 2013. Web. 25 Mar. 2014.
Two Methods for Estimating the Price of Gold. DollarDaze, 9 Oct. 2008. Web. 31 Mar. 2014.
The United States Bullion Depository Fort Knox, Kentucky. United States Mint, 2014. Web. 26 Mar. 2014.
“World to Have More Cell Phone Accounts than People by 2014.” Silicon India. InfoConnect Web Technologies India Pvt Ltd., 2 Jan. 2013. Web. 12 Mar. 2014.
In Salinas Valley around the 1850s, gold was found by a man named James W. Marshall in California. The first people to hear and be familiar with the “Gold Rush” were the people in Oregon, Hawaii, and Latin America who started to flock to the state. Everyone told and the word spread which led around 300,000 people to California from the US. At first, gold was found on the ground and was to be picked up. Later on, gold was discovered from streams and riverbeds.
"The Dollar Bill Collector." The History of the One Dollar Bill. N.p., n.d. Web. 14 Feb. 2014.
Gold is one of the most valuable materials all around the world. This jewel has its own glittering appearance and shiny color which induce people to desire to possess it. That’s probably why Europeans in the middle age have explored new continents and invaded other civilizations to find this glittering material. Americans also had given much endeavor to mine that valuable jewel in the time of gold rush. Investigating these events, gold has immensely affected the world history; the Age of Exploration, invasions of Spaniards, and the development of California.
Brian Domitrovic, PhD, Chairman of the Department of History at Sam Houston State university, stated in his article The Gold Standard: The Foundation of Our Economy’s Greatness that, “From the first full year that the constitution’s outline of the gold standard took effect, 1790, until 1913, the year the Federal Reserve came into existence and the serial dismantling of the gold standard began, the United States economy increased in size, in real terms, by just about 150-fold” (Should The United States Return To The Gold Standard?, 2013). This record of growth was so large that the United States economy was over twice as large as Germany, its closest rival. Domitrovic also appreciated the stability the gold standard provides if managed correctly because it limits inflation and slows rises in consumer prices. In addition, it limits the government’s ability to create money as the government can only print money if there is enough gold to back
I am going to discuss about the element known as gold in my assignment. To describe the element gold in simple terms, I can only say that it is an element (chemical element). This element is denoted by the symbol Au. It has an atomic number of seventy nine (79). I will describe quite a number of things concerning gold as an element. To begin with is:
Alloys in the ornament manufacturing are a general use of gold. Because of it is...
The penny costs 1.4 cents to manufacture each time at the mint. This is causing the mint to lose money for the treasury. Last year, the mint earned $730 million dollars in profit. Many mint officials claim the estimation will be about $45 million due to the cost of metals made in pennies. Our country is continuing to have a very strong economy with the stock markets going up. The penny might affect these benefits from the rapid production of these coins. Copper and zinc are the main elements that compose the penny. With the rising costs of these elements, the economy may back up a bit. Because of this, the U.S. mint should reduce their penny production.
With the current fluctuations in currency value, it has become necessary to come up with a safer way of storing wealth. Inflation causes loss to creditors as well as debtors. To curb this loss, it is important to consider safer ways of investing your money such as purchasing precious metals. Among the most valuable metals in the current market are gold, platinum, silver and palladium bullion coins. To help in identifying the most suitable venture, here is an extensive evaluation of various bullions.
... produced. “ Gold accounted for 15% of the mining wealth produced in Alaska. Zinc and lead, [...] accounted for 73%; silver [...] accounted for 8%; coal and aggregates accounted for nearly 2% each. Alaska produced a total of 40.3 million troy ounces of gold from 1880 through the end of 2007.” was reported by the Alaska DNR in 2007.
The use of a gold pan is one of the oldest and most simple forms of gold mining.( Colledge) The biggest thing to remember about the gold pan is that even though it may be relatively effective in catching gold, its main drawback is that it can only process so much material at one time. This is why the gold pan is not used as a commercial mining tool in the name of processing large amounts of material for pay. A gold pan may be used to get places that can only be reached on foot. But the material must have to be rich enough to make the time worth it if there is only a limited amount of material to be processed. The main use for a gold pan other than recreational purposes is to locate a area with gold bearing ground so that later on commercial mining equipment may be brought in to retrieve gold from a large area of ground
The origin of the gold standard came from the use of gold coins as a medium of exchange, unit of account, and store of value. While gold has played these roles since ancient times, the gold standard as a legal institution dates from 1819, when the British Parliament repealed longstanding restrictions on the export of gold coins and bullion from Britain. Later in the 19th century, the United States, Germany, Japan, and other countries also adopted the gold standard. At the time, Britain was the world’s leading economic power, and other nations hoped to achieve similar economic success by following British precedent. Given Britain’s preeminence in international trade and the advanced development of its financial institutions, London naturally
The yellow metals was priced at $20/ounce in 1883, $260 in 2001, $300 in 2003, $500 in December 2005 and $1208.75/ounce on July 9, 2010. Notwithstanding the constant rise in price, appetite of retail investors and consumers has yet to slowdown-instead, it moved up further. The significant increase in investment demand, in coins and bars, has offset downslide in the demand of gold jewelry, as investors seek refuge in gold. The share of Jewelry as end user of gold has declined from 80% to a little over 60% (yet its appetite in China and India the two largest consumers of gold is growing). Global investment demand, according to Mining Weekly estimates, jumped 885T in 2008 to 1820T at the end of 2009-a gain of 105% and a record high increase.
Brian Domitrovic, PhD, Chairman of the Department of History at Sam Houston State University, stated in his article The Gold Standard: The Foundation of Our Economy’s Greatness that, “From the first full year that the constitution’s outline of the gold standard took effect, 1790, until 1913, the year the Federal Reserve came into existence and the serial dismantling of the gold standard began, the United States economy increased in size, in real terms, by just about 150-fold” (Should The United States Return To The Gold Standard?, 2013). This record of growth was so large that the United States’ economy was over twice as large as Germany’s, our closest rival. Domitrovic also appreciated the stability the gold standard provided if managed correctly, because it limited inflation and slowed rises in consumer prices. In addition, it limited the government’s ability to create money as the government could only print money if there was enough gold to back
Gold is one of the most popular metals as investment. Because of its high and consistent value, it is considered one of the safest commodities to invest in. There are several ways of using gold as an investment. Gold can be physically bough in the form of bullion bars or bullion coins. Gold exchange products can be traded in major stock exchanges in the same manner as shares. These include closed-end products or CEFs, exchange-traded notes or ETNs, and exchange-traded funds or ETFs. Gold accounts can be availed from banks and their management greatly depends on whether it is an unallocated or an allocated gold account. Gold certificates used to circulate as money until the United States restricted private gold ownership in 1933. Buying shares in gold mining companies comes with structural, management, and political risks but investing in the right company at the right time can increase share prices to as much as 20%.