METALS, Gold and finance
Gold and finance
Investing in precious metals when everything is devalued
Madrid 6, February 2010 (Libertad Digital) - In a world where everything is devalúaal pace of depreciation of major currencies, precious metals thrive, and not because they say the government but because in times of change, people will grab it safe to who has used forever.
The four captains are worth gold, silver, platinum and palladium. The four have been revalued in recent years, and four will revalued in the future due to global economic prospects lasnegras and persistent dollar maleamiento that is perpetrating the Federal Reserve.
38 years ago gold was trading at $ 35 an ounce and now makes more than a thousand, but it is not the only one who has earned the trust mess central banks. An ounce of platinum was paid at the beginning of 70's to about 100dólares today makes 1,500. Silver, that old joker once widely used for minting coins, trading at a dollar and half an ounce in 1971, today, therefore, paid $ 17. An ounce of palladium, in the early seventies cost about $ 35, now costs more than 400.
The price increases are such that suggest whether the money issued by the central bank is worth something. We further indicate the levels of inflation that the world has suffered since the closure of the gold window in 1971.
precious metals, apart from its ability to protect the value of inflation rage fueled by compelling governments and their expenditure requirements, have more income, making them up or down depending on demand of this final product in which the gold, silver, palladium or platinum are essential components.
nonmonetary uses
Gold not only for storing alingotado on a security camera. In fact, this is not far from its main use. Most of the gold in the world is transformed into pendants, bracelets, earrings and other jewelry. In countries such as India's wedding season directly affects the price of the metal because it is traditional for the bride to be covered in gold into necklaces.
addition to its use in jewelry, the yellow metal has many applications in medicine and electronics. Demand in these sectors also affects the price. But not enough to multiply 35 times its price, which is what has appreciated over the past 40 years.
Silver is also used for many things. Enmedicina used in electronics, optics and photography, in fact, until the advent of digital photography, this sector absorbed a third of world demand. Is widely used in jewelry, and pure, and mixed with gold. And of course, coins. Platinum is used in the automobile industry and palladium catalysts, for its part, is very common in dentistry and electronics.
Name: Yenny Zoraida Morales Zambrano
Subject: ; RF Circuits
View blog: http://crfzoraida.blogspot.com/
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