June 3, 2020

I’ll Have Another Ounce Of Gold

The value of gold jewelry is typically based on two factors; the value of gold and the artistic value of the jewelry. These two factors combined make up the total value of a piece of gold jewelry.

By 1091 BC, China legalized the use of squares of gold as money. The first coins of gold were minted in a kingdom of Asia Minor called Lydia around 560 BC. And around 58BC, Julius Caesar used the gold he had seized in Gaul (now France) to repay the debts of Rome. By 50 BC started using the Aureus which is a gold coin as currency.

KB Gold is reintroducing online gold as a backup plan, especially now that the recession is less than over, and there are fears of no recovery. Would you rather reserve your assets and wealth in the dollar that is dwindling in value, than place them in solid, incorruptible gold?

Gold is one of the attractive precious metals and it is a source of real money since everyone knows that this precious metal can be exchanged for any other form of money anywhere in the world. In today’s economy currency rates keeps fluctuating and a lot of risks have to be faced if anyone invests in stocks.

Just like forex trading, leverage is also offered to spot gold selling price trading. In forex, one standard lot of contract is $100,000. While for spot gold, one standard lot is worth 100 troy ounces of gold.

To date, gold ownership is still largely ignored. A study conducted by Knight Frank found that high net worth individuals still favor real estate and stocks to gold (71% favored the previous asset classes while 38% liked the latter). Among the wealthy, only 5% currently hold a position in the yellow metal. Pension funds, the largest investment players in the world, still only hold a sliver of their assets in gold bullion and mining stocks. With only 1.5% of assets in gold or silver, pension funds will feel pressure to get allocated to precious metals as its price increases.

King Tutankhamen, the young Egyptian monarch, was interred in a gold laden tomb around 1352 BC. An extravagant gold sarcophagus housed his remains. The tomb was discovered in 1922.

There are lots of these online gold buyers popping up almost every day. Most are very reputable and trustworthy, but you may run across some that may sound too good to be true. Do your research wisely and check with the Better Business Bureau if you are suspicious. Just like anything else, if it sounds too good to be true, it probably is.