Investing In Gold Essay

936 Words2 Pages
bulb-icon

Recommended: Positiv and nagàtive effect of gold in human life or in our enviroment

Gold has been regarded as a brilliant and highly demanded precious metal throughout the generation of humankind, which has always been considered as a precious asset. It has been produced in many forms, such as gold bullion coins, bars, jewelry and many other forms with different weight and purity to meet human desires. For centuries, people have continued to hold gold for various reasons. There are three causes of investing in gold, which are value, durability, and monetary acceptance.
The first cause of investing in gold is value. Value means the worth of an item which determined by people’s demands (Economic value, n.d.). The causes of value include rarity and aesthetic. Gold is very rare. It exists only about 120,000 to 140,000 tonnes …show more content…

In addition, alloying gold with other metals can generate …show more content…

R. (1962). Liquidity. The Economic Journal, 72/288, 787-802. doi: 10.2307/2228351
Hogan, N. E. (2010). Jewels of the occupation: Gold wedding jewelry in the West Bank. Journal of Palestine Studies, 39/4, 43-49. doi: 10.1525/jps.2010.XXXIX.4.43
James, H. G. T. (1972). Gold technology in ancient Egypt. Gold Bulletin, 5/2, 38-42. doi:10.1007/BF03215160
Liquidity. (n.d.). Liquidity of Gold and Silver. Upner. Retrieved from http://upner.com/gold-value-information/liquidity-of-gold-and-silver/
Money characteristics. (n.d.). Amos Web. Retrieved from http://www.amosweb.com/cgi-bin/awb_nav.pl?s=wpd&c=dsp&k=money+characteristics
Nutting, J., & Nuttall, L. J. (1977). The malleability of gold. Gold Bulletin, 10/1, 2-8. doi: 10.1007/BF03216517
Precious metal. (2014). Wikipedia. Retrieved from http://en.wikipedia.org/wiki/Precious_metal
Song, J., Wang, L., Zibart, A.,& Koch, C. (2012). Corrosion protection of electrically conductive surfaces. Metals, 2/4, 450-477. doi:10.3390/met2040450
Suarez-Denton, I. (2009). Difference alloys of gold. Cochise. Retrieved from

Show More
Related

  • Sir Alex Ferguson's Diamond-Water Paradox Theory

    150 Words  | 1 Pages

    The theory of “Diamond-water paradox” which also known as paradox of value was first introduced by the economist Adam smith in the 1700s. In his theories, he points out that practical thing that we use it frequently often have little or even no value in exchange. Examples for the things are like cups, socks and water. In contrast, things that is not practically or has little use to us often have the greatest value in the market. An example may be Sir Alex Ferguson’s last piece of chewing gum that has reportedly sold for nearly £390,000. Apparently, there is no other use but just looking at the chewing gum in the box for display but it has almost the same value as a luxury car or house. This is what “Diamond-water paradox” theory about by Adam

    Read More

  • Gold Can Stay Allusion

    523 Words  | 2 Pages

    Why should poets convey their thoughts through symbolism, imagery, figurative language, etc? In the poems “Nothing Gold Can Stay” and “The Road Not Taken” by Robert Frost both use figurative language, symbolism and imagery to convey the reader’s thoughts differently. The poems topics are distinctly different, “Nothing Gold Can Stay” uses an allusion of Adam and Eve in “So Eden sank to grief” (lines 6). The poem “The Road Not Taken” uses symbolism to describe life as shown in “Two roads diverged in a yellow wood”(lines 1). The poems can often use the same approaches such as figurative language and symbolism to captivate the reader.

    Read More

  • Gold and World History: Glittering Motivation for Exploration, Invasion and Development

    739 Words  | 2 Pages

    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.

    Read More

  • The Element Gold: Discipline: Chemistry

    914 Words  | 2 Pages

    Gold bears quite a number of chemical properties that I will discuss in details down here. These point out on how gold behaves at various conditions. The chemical formula of gold is Au which is derived from its chemical name. When it comes to gold’s activity, it is not chemically active. This means that it greatly resists any kind of chemical reaction. In most cases, it rarely reacts with other chemicals. Gold is easily reduced from a compound to become a metal. It has two main compounds. These compounds are the Chloral-auric acid as well as the auric chloride. When we come to how gold reacts with certain acids, it is clear that there is an acid that is very able to dissolve this element. This acid is known as Aqua regia and is a combination of hydrochloric and nitric acids. Gold is not able to react with non-metals. Under this case, it only reacts with halogens and forms what is known as halides. The main alloys that can be used to make gold harder include platinum metal and silver (Tocci,

    Read More

  • culture of gold

    1634 Words  | 4 Pages

    Alloys in the ornament manufacturing are a general use of gold. Because of it is...

    Read More

  • Women During the Gold Rush

    3115 Words  | 7 Pages

    “In the years which followed the gold discoveries, society was not stratified. Moral and religious principles were often disregarded, and all kinds of irregular situations could be found.”3

    Read More

  • American Barrick Case

    1360 Words  | 3 Pages

    Peter Munk, the founder of American Barrick had after experience and past failures come to the belief that high liquidity and low leverage were key tenets in a successful business. The increased flexibility obtained by following these guidelines should provide the company with opportunities that less hedged companies did not have. If gold prices were to fall then the company would not be affected by the distress costs that other competing companies would experience, giving the company an edge during times of low prices. During this time they would have additional cash reserves available to invest while other companies might be struggling to gain expensive debt financing. This is one of the major competitive advantages a gold company can have because the major costs in this industry is exploration and acquisition costs. Because of their strong financials and stability the company was also more likely to enter into more favorable contracts. The risk management program was meant to provide in...

    Read More

  • Gilbane Gold Case Study

    592 Words  | 2 Pages

    Within the Gilbane Gold case, the major problem is the contribution of water pollution by dumping chemicals to speed production for Z CORP. However, there is doubt as to what extent the company violated city regulations. Tom Richards believes that Z-CORP broke regulations repeatedly but Professor Massin believes that it is not solid evidence. Part of the problem is that two different tests are involved: an older and a less sensitive test which does not break regulations but there is also the newer and more sensitive one which does. The newer test was said that the company just broke city regulations, but not by a large amount.

    Read More

  • Trap Of Gold Analysis

    885 Words  | 2 Pages

    In “Trap of Gold”, Louis L’Amour develops the theme, “ greed and ambition can be harmful”, through the use of Wetherton and the mountain. First, Wetherton loves his family greatly and values them above all things. He had been gone from Horsehead and his family, his wife Laura and his little boy Tommy, for some time looking for gold before he found any trace of it. “Wetheron had been three months out of Horsehead before he found his first color” (L’Amour 149). Later, as the story progresses and Wetherton continues to mine, he becomes aware that greed and the need for gold is controlling him, and the base of the structure is weakening, putting himself in more danger with every chunk of quartz he removed with his pick. “Now the lust of gold was getting to him, taking him by

    Read More

  • Analysis Of Nietzsche's Mr. Daredevil-Curiosity

    1651 Words  | 4 Pages

    Let us briefly suppose that I recently bought a new gold watch. I was particularly happy that my watch was made of the finest, and rarest, gold in the area. Suppose, though, that one day I passed the factory where it was made, and ...

    Read More

  • Essay On The Gold Rush

    825 Words  | 2 Pages

    The Gold rush of 1849 had a huge impact on American society at the time because it created jobs for people from all over the country. People from all over the world came to mine gold. Financially the Gold rush had an enormous impact on society, since gold was worth a significant amount of money at the time. Although the actual work of mining gold was not good. Many people lacked in hygiene and suffered from depression, disease, and broken bones. A majority of the prospectors came from the eastern United States and included a large continent of merchant confederates. Gold rushes not only had effects of the economy but on the land as well.

    Read More

  • Black Gold Using the Theoretic Works of W.E.B Du Bois

    2107 Words  | 5 Pages

    In many U.S homes, as is the custom in most western cultures, the first beverage consumed at the start of every day is coffee. From its origins in Ethiopia, the strong black liquid has evolved from its modest beginnings to become an art form, a gourmet luxury, and the addiction of millions. The documentary Black Gold directed by Nic and Marc Francis addresses issues that rarely cross the minds of its consumers: who produces the coffee, and how does the coffee we drink directly affect the livelihood of those farmers who grow it? The documentary highlights the poverty that plagues Ethiopian coffee farmers by contrasting the impoverished African cities with the wealth of the western countries that control the market in order to gain the highest profit from their commodity. This essay will seek to analyze the racial and economic implications of the documentary using the theoretical works of sociologist and civil rights activist W.E.B Du Bois, with specific concentration on his concepts of The Color Line, The Veil, Double Consciousness, and False Consciousness. The concluding portion of the essay will include a critique on Du Bois’s work from a feminist perspective with respects to his inadequacy in including women as a part of his notion of The Talented Tenth, and how his views on African-American women do not fit the cultural context of the women in Africa.

    Read More

  • The Gold Standard Essay

    1182 Words  | 3 Pages

    Adam Smith wrote in his masterpiece, the wealth of nations, “It is the necessary, though very slow and gradual consequence of a certain propensity in human nature which has in view no such extensive utility; the propensity to truck, barter, and exchange one thing for another” (Smith, 2005). This propensity in human nature led to the development of currency – a medium of exchange accepted by a community of people. For centuries, gold and silver were used around the world as currency; in 1834 the United States, formerly on a bimetallic standard, converted to a gold de facto standard. This policy made it so the dollar was backed by gold at a ratio of $20.67 per ounce. The Gold standard was used until August 15, 1971 when President Richard Nixon announced that the United States would no longer redeem currency for gold.

    Read More

  • Gold

    785 Words  | 2 Pages

    In it’s usual state – atomic mass number 197 – gold is stable. However, there are radioactive (unstable) isotopes of mass number 186 to 196 and 198 to 203. Gold normally exhibits a chemical valence of one or three.

    Read More

  • Gold Essay

    865 Words  | 2 Pages

    When buying gold, there are things that need to be taken into consideration. The purpose of buying gold will determine the kind of gold that is bought. One gold expert advised buying contemporary gold bullion coins if the purpose is prize movement capitalization or hedging financial uncertainties. Pre-1933 gold coins are good...

    Read More

More about Investing In Gold Essay

Open Document