GOLD COMMODITY TIPS- There is only so much gold and no more. gold,then, has the potential to make multi-year highs and has long cycles.
when the cycle breaks,gold can crack and fall over 50% off its peak. avoid a short position in gold in its bull run as the odds
of loss are very high;similarly, it's advisable to avoid a long position in gold when it's on its way down.
Gold has an aspirational value and a "utility" like quality (especially for marriages in india) making its rise very likely
in the long term. with the number of indians and chinese who can afford gold likely to rise in the next few years and a limited
supply,gold should move up very sharply.
Selling gold held in families has such negative connotations that the available reserves of gold may not get to the market.
central banks don't have much gold. and mines are producing almost the same quantity of gold year after year.
Retail buyers keep buying gold even if it looks irrational to do so. the only situation where gold selling could be large is
if gold ETFs sell.
Gold is susceptible to sharp falls if jewellery demand for 'incremental gold' and investment demand falls.
Gold is present in the form of nuggets or grains in rocks, in veins, and in alluvial deposits. It is also found in veins of copper.
Gold extaction is most economical in large,easily mined deposits. Ore grades as little as 0.5 mg/kg(0.5 parts per million,ppm)
can be economical. Typical ore grades in openpit mines are 1-5 mg/kg(1-5 ppm); ore grades in underground or hard rock mines are usually
at least 3 mg/kg(3 ppm).
Because ore grades of 30 mg/kg(30 ppm) are usually needed before gold is visible to the naked eye, in most gold mines, the gold is invisible.
Since the 1880s, south africa has been the source for a large proportion of the world's gold supply, with about 50% of all
gold ever produced having come from south africa.
After initial production, gold minig and extraction costs are about US$300/ oz,but these can vary widely depending on mining
type and ore quality.
India is the world's gold. India is also the largest importer of gold.GOLD- There is only so much gold and no more. gold,then, has the potential to make multi-year highs and has long cycles.
when the cycle breaks,gold can crack and fall over 50% off its peak. avoid a short position in gold in its bull run as the odds
of loss are very high;similarly, it's advisable to avoid a long position in gold when it's on its way down.
Gold has an aspirational value and a "utility" like quality (especially for marriages in india) making its rise very likely
in the long term. with the number of indians and chinese who can afford gold likely to rise in the next few years and a limited
supply,gold should move up very sharply.
Selling gold held in families has such negative connotations that the available reserves of gold may not get to the market.
central banks don't have much gold. and mines are producing almost the same quantity of gold year after year.
Retail buyers keep buying gold even if it looks irrational to do so. the only situation where gold selling could be large is
if gold ETFs sell.
Gold is susceptible to sharp falls if jewellery demand for 'incremental gold' and investment demand falls.
Gold is present in the form of nuggets or grains in rocks, in veins, and in alluvial deposits. It is also found in veins of copper.
Gold extaction is most economical in large,easily mined deposits. Ore grades as little as 0.5 mg/kg(0.5 parts per million,ppm)
can be economical. Typical ore grades in openpit mines are 1-5 mg/kg(1-5 ppm); ore grades in underground or hard rock mines are usually
at least 3 mg/kg(3 ppm).
Because ore grades of 30 mg/kg(30 ppm) are usually needed before gold is visible to the naked eye, in most gold mines, the gold is invisible.
Since the 1880s, south africa has been the source for a large proportion of the world's gold supply, with about 50% of all
gold ever produced having come from south africa.
After initial production, gold minig and extraction costs are about US$300/ oz,but these can vary widely depending on mining
type and ore quality.
India is the world's gold. India is also the largest importer of gold.