Over the past few months, world prices for gold and silver have been in a fever again. Only in the last 3 months, "gold" quotes fell to $1620 and soared to $1815 per ounce, the price of silver over the same period changed from $18.40 to $24 per ounce.
Given the specifics of the market, the following main reasons for such fluctuations can be identified:
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The search for gold and silver played a key role in the creation of the modern world. Wars have been fought over precious metals, and territories rich in these metals have been the victims of conquest: let's take the example of the colonization of both parts of America, Australasia and South Africa.
However, it is not only about the possession of gold and silver. Rather, it was the use, movement, storage of precious metals that had a profound effect on the economic and military success of...
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There are many factors that could potentially impact the price of precious metal gold. This is because gold price is tied to several financial underlying notions, the least of which have to do with supply and demand, which we’ll go through. In fact, our team analyzed the metal market to find out what impacts UK gold prices more than anything else. Obtaining such knowledge is crucially important in the matters related to investment in gold. First of all, let us begin with supply and demand. T...
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The top 10 gold producing countries account for 64% of the total. Until 2006, South Africa was the absolute leader. Now - more than 10 years - champion manufacturer China.
China
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