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No
metal can ever replace of Gold ! Gold is known to
mankind for more than six thousand years. Gold is
known as a noble metal. The appeal of Gold is
universal across humankind. Wars have been fought
and empires have been toppled for Gold. Gold is a
global currency.
Gold has formed the backbone of global economic
activities as a reserve currency over the last
several centuries. Gold is the most liquid asset
known to mankind and is en-cashable in any form, at
anytime, anywhere in the world. Gold has unique
properties and does not react with any natural
element thus making it virtually indestructible. It
is one of the most malleable and ductile metal also
the most suitable metal for human adornment and gold
has been the most favorite metal for jewellery
fabrication among the jewelers.
In
the history of human kind about 1,25,000 tones of
gold has been mined. Apart from investment and
adornment gold is also used in various industries
like dentistry, electronics etc. Major gold
producing countries in the world are South Africa,
Australia, United States of America, China, Russia,
Peru and Indonesia. Currently a little over 2,600
tones of gold is mined per annum. The major gold
consuming countries in the world are India, United
States of America, Middle East, Turkey, Italy and
UK. Gold is utilized in most of the countries across
the world.
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Gold is so valued
that everything humans cherish is shaped into
gold by artists ! |
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Gold is a
chemical element with the symbol Au (from the Latin
aurum) and atomic number 79. It is a highly
sought-after precious metal which, for many
centuries, has been used as money, a store of value
and in jewellery.
Gold forms the basis for a monetary standard used by
the International Monetary Fund (IMF) and the World
Bank for International Settlements. The ever
increasing prices of gold worldwide has made it one
of the favorite investment assets.
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