Gold is used as the financial standard in many countries and is also used as jewelry, and electronics. The use of gold in the monetary and financial sector based on absolute monetary value of gold itself against various currencies around the world, although officially the world commodity markets, gold prices are listed in U.S. dollars. Form of the use of gold in the monetary field is typically in the form of bouillon or gold bars in various units of grams to kilograms weight.
Gold coins
Gold is also traded in the form of gold coins, such as the Krugerrand is produced by the South African Mint Company in various units of weight. Unit weight of a common Krugerrand is 1 / 10 oz (ounce), 1 / 4 oz, 1 / 2 oz and 1 oz. Krugerrand coin prices based on gold price movements in world commodity markets are moving on the trade of all time. Special Krugerrand coins (or so-called proof collector edition) also produced a limited basis in accordance with a specific theme. Because of limited production, the price often edition proof Krugerrand coin is more than the price of gold content of these coins depends on scarcity and condition of this particular coin. Quite popular edition and is looking for investors that includes the image issue of Nelson Mandela.
There are several countries that produce a mass of gold coins to be offered as an alternative investment, among others:
1. Australia - kangaroo
2. China - panda
3. Malaysia - kijang emas
4. Canada - maple leaf
5. Inggris - Britannia
6. Amerika Serikat - eagle dan buffalo
7. Afrika Selatan - Krugerrand
8. New Zealand - kiwi
9. Singapore - lion
10. Austria - philharmonic
Price Gold
Gold coins
Gold is also traded in the form of gold coins, such as the Krugerrand is produced by the South African Mint Company in various units of weight. Unit weight of a common Krugerrand is 1 / 10 oz (ounce), 1 / 4 oz, 1 / 2 oz and 1 oz. Krugerrand coin prices based on gold price movements in world commodity markets are moving on the trade of all time. Special Krugerrand coins (or so-called proof collector edition) also produced a limited basis in accordance with a specific theme. Because of limited production, the price often edition proof Krugerrand coin is more than the price of gold content of these coins depends on scarcity and condition of this particular coin. Quite popular edition and is looking for investors that includes the image issue of Nelson Mandela.
There are several countries that produce a mass of gold coins to be offered as an alternative investment, among others:
1. Australia - kangaroo
2. China - panda
3. Malaysia - kijang emas
4. Canada - maple leaf
5. Inggris - Britannia
6. Amerika Serikat - eagle dan buffalo
7. Afrika Selatan - Krugerrand
8. New Zealand - kiwi
9. Singapore - lion
10. Austria - philharmonic
Price Gold
In the long history and winding, the current gold arrived in a new period with opportunity and danger. Current gold price higher than the price of the last 17 years, soared to $ 1000 per troy ounce. (1 ounce = 31.1035 grams). However, the remaining gold to be mined is very little [citation needed] and has been squeezed from the earth with environmental recovery costs very high and not often in the poorest parts of the world.
In fact, as of March 2008, the price of gold reached U.S. $ 1010 per troy ounce (troy ounce = 31.1035 grams) averaged USD 298,000 per gram.
[edit] Estimated 2008
Gold prices rose in the year 2008 related to U.S. interest rate cut plan to return interest rates, but it was pointed out as a projection of demand in the market for gold jewelry. The same is confirmed by the National Australian Bank (NAB) on minerals and energy sectors.
Benefits and poverty
Today gold companies rush over the earth is guided by a powerful guide: the World Bank. World Bank, the main institutions that operate resolve global poverty, assume that mining companies will bring multinational investment, encouraging the development of roads, schools and jobs, to countries that do not have a lot of capital in addition to their natural resources.
World Bank work on both sides. At his urging, more than 100 state government's financial problems agreed to cut taxes and royalties to lure mining companies large, said James Otto, a visiting professor at the law school the University of Denver.
Meanwhile, the World Bank gave money to or guarantee more than 30 gold mining projects, to seek profit.
Although mine is only a small part of the World Bank's portfolio, when the accident was increased controversy broke out. In one of the worst disasters, in 1995 a mine in Guyana which are guaranteed by the World Bank shed more than 790,000 gallons of mine waste-to-child mixed cyanide Essequibo River, which is the main water source of the country.
In 2001, when World Bank president, James D. Wolfenshon, set a moratorium on mining investments for two years and ordered the preparation of a study of World Bank involvement in the industry.
In fact, as of March 2008, the price of gold reached U.S. $ 1010 per troy ounce (troy ounce = 31.1035 grams) averaged USD 298,000 per gram.
[edit] Estimated 2008
Gold prices rose in the year 2008 related to U.S. interest rate cut plan to return interest rates, but it was pointed out as a projection of demand in the market for gold jewelry. The same is confirmed by the National Australian Bank (NAB) on minerals and energy sectors.
Benefits and poverty
Today gold companies rush over the earth is guided by a powerful guide: the World Bank. World Bank, the main institutions that operate resolve global poverty, assume that mining companies will bring multinational investment, encouraging the development of roads, schools and jobs, to countries that do not have a lot of capital in addition to their natural resources.
World Bank work on both sides. At his urging, more than 100 state government's financial problems agreed to cut taxes and royalties to lure mining companies large, said James Otto, a visiting professor at the law school the University of Denver.
Meanwhile, the World Bank gave money to or guarantee more than 30 gold mining projects, to seek profit.
Although mine is only a small part of the World Bank's portfolio, when the accident was increased controversy broke out. In one of the worst disasters, in 1995 a mine in Guyana which are guaranteed by the World Bank shed more than 790,000 gallons of mine waste-to-child mixed cyanide Essequibo River, which is the main water source of the country.
In 2001, when World Bank president, James D. Wolfenshon, set a moratorium on mining investments for two years and ordered the preparation of a study of World Bank involvement in the industry.
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