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related
also:
 Gold Futures Market Facts
For
various reasons, trading futures contracts in the
gold market have been popular for investors.
Gold can act as a hedge
against inflation -it is, in fact
a rare precious metal, and it has played as an article of currency, for hundreds
of years. As well as being a mark of wealth.
The metal offers high resistances to corrosion by oxygen and moisture and has
thermal and electrical conductive qualities. Tests for its presence include the
application of nitric acid. And it is normally alloyed for the sake of practical
hardening.
Present applications are in electronics and circuitry (particularly for cables,
electronic contacts, and computers, spacecraft and jets) and restorative dentistry
as well as with other medical fields. Future applications have been targeted
with fuel cells, cancer research (nanoparticle scale) and pollution control.
World
production: There are approximately 400 mines with most of the production coming
from South Africa. Recently in 2007 China production took
the lead exceeding this estimate. Other producing countries include Australia,
Russia and Peru while the U.S. country states of Nevada and South Dakota tend
to supply most the United States.
More than half of the demand for gold is found primarily among the countries
of Turkey, China, the United States, India and Italy.
There are speculations for its abundance in the ocean waters - overall, at
about 1 to 2 parts per 10 billion occurance. Economical methods of extraction
have
been attempted but have not been not been feasibly demonstrated.
Gold futures trading is at the COMEX which merged with the NYME – New York Mercantile
Exchange in 1994 as a commodity futures exchange – gold is traded at CBOT – Chicago
Board of Trade.
In addition to trading gold futures, alternate investment vehicles include bullion,
coins and mining companies.
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