Is now a good time to produce gold investment or a silver trade? The gold price and the silver price have both risen steadily, and rather dramatically, from 2005 to the current.

When (notice I do not say “if”) our currency fails (and it needs to!) and our paper finances are worthless, owning physical gold (and silver) will become the globally accepted currency. Men and women will need gold to get the essentials of daily life!

On the other hand, Boris Cukon, manager of Funchs Invest Global Natural Resources Fund believes that the Gold price will double by 2015. The opinion is shared by Bernard Busschaert, Leleux Associated gold specialist, which says that long-term gold price will reach $ 2,500 an ounce.

It’s all to do with rarity. Gold is extremely rare. The total amount of gold mined in your whole history of mankind is less than 170,000 tonnes, about enough to only fill 3 Olympic sized swimming swimming pool take. Compare this to the mining of Iron (which is almost 850 million tonnes per year) and aluminium production (just over 30 million tonnes per year) after that you can see Gold s incredibly scarce.

Gold has been the currency of nations long before fiat money such because greenback was introduced. As commodity money, the value of gold coins depended inside the amount of gold they can contained. Since the ‘gold standard’ been recently removed, no gold could be redeemed for legal juicy. The use of gold is now limited to circuits in electronics and jewellery. Centuries ago, to control international transactions and establish stable foreign exchange rates, gold was used as single standard. Today the average man recognizes only the dollar bill and the checking account as money.

Pure gold is often considered “too” yellow most of people’s tastes, and its softness tends to make very delicate jewellery in its pure online form. Pure (24k) gold jewellery is excessively soft guard a solitaire diamond, or for any bit of jewellery that might be worn in many cases.

Of course, there are also considerations with the exception the price tag tag. You need to make sure that your gold will be properly tested to ascertain the calibre. You can check out the jewellery yourself any kind of standard hallmarks as well, so you can be certain that a person the right price for that quality of the gold you sell.

Overall, getting cash for gold is a very effortless transaction that can reap high dividends. is find out who you’re dealing with, and be an educated seller.