Gold sales online have become increasingly common in the age of the Great Recession, when people began to think that they could no longer rely on the conventional modes or stores of value for ensuring that they would get rich or stay rich. Gold sales online make purchases available for just about anyone, and in particular those who want to have a store of value that is fairly secure.
That does not mean that gold is a good investment. It might appreciate or depreciate in value like any other product. It tracks fairly close to the price of crude oil which ensures that it is sold off in times of economic weakness. That is to say that it is typically a hedge against some kind of currency crisis, whether it be against the dollar or any other type of currency that is one the global marketplace.
That being said, gold buyers are just as likely to buy gold for the same reason as diamond buyers. Somewhere around 80 percent of the gold that is mined from the ground every year is made into jewelry. But gold serves some practical purposes as well. Most people think of gold as being purely decorative.
However, when astronauts began arriving in space, they began to notice that gold might have a practical purpose after all. The visors of astronauts, for instance, have a coating of gold that is so thin as to be transparent. This means that astronauts are capable of seeing through the layer and it reduces the glare of the sunlight.
There is not nearly as much gold in the world as people think there is. It could probably be hauled in less than 100 semis. Nonetheless, more gold is always being discovered. In 1869, the largest gold nugget ever recorded turned up in Australia and it weighed 172 pounds. And the majority of gold has never been touched, sitting beneath the floor of the ocean waiting to be uncovered. Continue reading here.