Gold has sometimes been characterized as evil throughout history. The Golden Calf in the book of Exodus that symbolized adultery, and the Golden Pocket Watch with its Golden Chain characterized capitalists, the industrial tycoons, and the wealthy. However, the opposite is seen by many. You would find that some credit card companies associate their trade names and even their products with gold to indicate that they are top-of-the-range entities.
But what kind of value does gold really have?
Anyone can look up the price of gold per ounce today on the internet, think of a domain that has the word gold in it, and it will surely bring you to a website that has the most current price of gold per ounce today.
To determine the price of gold per ounce today, you need to be able to trade in the gold (and derivatives) market. However, it is through the “gold fixing” (a term which originated in London in September 1919) that you will know the daily benchmark price of gold within the industry. In the US, the term “afternoon fixing” was used to refer to the same benchmarking process. This term was introduced in 1968 when the gold trade in the country was opened.
Usually five to ten years or more is needed when investing in gold. Gold purchased in 1973 was $64, but now it is priced at more than $900. That shows more than 1,000% return on investment.
Gold is quoted everywhere, every hour, every day. Gold is what makes the rich richer. It is the only thing that will remain as wealth no matter what happens to our economy. So why not just accumulate gold? It is the best thing to keep you insured in economically unstable times for the price of gold will most likely soar up.
