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Historically, gold has been heralded as a reliable reserve currency. At a time when an exchange rate and negative trade balance cause much concern about the security of the US dollar - the dominant foreign and domestic reserve currency - gold prices continue to rise. According to Reuters, gold gains significant value as several countries look to increase gold reserves based on its precious metals status, and relative stability.
Gold is the only truly yellow metal found free and almost pure in nature. It is non-magnetic and one of more than one hundred elements that make up the planet Earth. Gold is the most important of the precious metals and is, and always has been, of the greatest economic importance. Many nations base the value of their currency on the amount of gold in their reserves. Gold is the only universally accepted medium of exchange.
What makes it unique?
Gold is the most malleable and ductile of all metals. It has a specific gravity 19 times that of water, virtually immune to the effects of oxygen it will not corrode or rust and is an excellent conductor of electricity. Gold cannot be broken down into any more elementary substances, nor can any other substance be made from it.
What form does GOLD take?
From fine particles, almost invisible to the naked eye, through to nuggets many kilograms in weight.
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