My OperaUnderstanding the Gold Price per Ounce The History of Gold
Tuesday, March 16, 2010 1:27:49 PM
Someone, somewhere, thousands of years ago finds a beautiful shiny rock in a stream. This rock is a lump of shiny gold. It was first discovered as bright yellow nuggets before there was such thing as a gold price per ounce. It was the first metal known to humans.
Gold became an important part of human culture. Its brilliance, shining beauty, and awe. Its great malleability made it enjoyable to work and play with before anyone was even worried what the price of gold per ounce was.
Because gold has been spread widely over the globe, its discovery occurred to many different people in many different places at many different times. Everyone who found it fell in love with it.
Gold is by far the most preferable metal to work. It is found in a pure and workable state. Gold has always been influential stuff before we were even concerned with gold price.
Nowadays gold prices are going up. You have to drill through tons of rock, and then give the gold some kind of special chemicals to simply turn it into an engagement ring. So of course gold is one of the most expensive - and most wanted - precious metals. Gold is measured in ounces so the gold price per ounce is an important figure.
There is an argument that gold should be 1800 US Dollars per ounce. We’re not quite there yet but I can see it happening in the near future. I am considered a real gold expert. Gold has always been used as a holder of value by all the important banks and people.
Gold is also useful in conflicts between nations as despite the economy, gold holds its value. In fact gold has an adverse relationship with the US Dollar so when times are hard, the price of gold often roses above its previous highs.
Even since the 1970s the United States government had no control over the gold price per ounce. The price of gold fluctuates with supply and demand. Gold coins haven’t been used as a main currency since the 1930s. Since 1937 most of the world’s gold has been moved underground where it is stored indefinitely/
Even though our main money systems are no longer completely controlled by the price of gold, many are still fascinated with the precious metal. It is both valuable and useful, a gorgeous metal.
Darren Edwards has been an expert in the price of gold per ounce and playing gold on the stock market for years. He monitors the gold price per ounce daily and uses his wealth of knowledge to profit on the stock market.
