![]() This can be purchased on the stock exchange and transferred in the same way as a share.The most important trading venues for trading in gold are Zurich, London, New York and Hong Kong. Another form of investing in gold is Xetra-Gold, a no-par loan, which is denominated in gold holdings. It is possible to invest in the precious metal on the stock exchange or through brokers in the form of gold certificates, gold funds or gold ETFs, without receiving any physical gold. However, if gold is traded by way of a physically deposited purchase in the form of securities, trading or stock market fees must be paid. ![]() However, the safe keeping of gold at banks usually gives rise to considerable costs which are not incurred when securities are traded. Gold in its physical form can be purchased from banks, coin and precious metal dealers as bars or bullion coins. It is possible to invest in the yellow precious metal both in the form of securities and through a physical purchase. Investments in gold are seen as a safe haven and a crisis-resistant capital investment. After the price of gold passed the mark of 1,000 US dollars per ounce for the first time in March 2008, by the end of 2011 it had already reached 1,600 US dollars per ounce. The price of gold has virtually experienced a surge in recent years. Next is France (2,586 metric tons /91 million ounces). Germany has the second highest stocks of gold (3,417 metric tons /120 million ounces) followed by the International Monetary Fund with 3,217 metric tons /113 million ounces. The highest gold reserves are located in the USA (around 8.133 metric tons/287 million ounces). As a result, the global quantity of gold is steadily increasing. This is also due to the fact that gold, unlike other raw materials, is virtually indestructible and is not consumed. Global stocks of gold have continuously increased in recent decades and are currently at their highest level. With a market share of 16 per cent, South Africa is the most important producer of gold. Apart from the Antarctic, where mining is not allowed due to international regulations, the precious metal is mined on all continents. This line of business accounts for around 75 per cent of the gold worked. However, gold is used most frequently in the jewelry industry. Gold has also been used in dental technology for around 3000 years. Because of its excellent conductivity, gold is used particularly in the electrical industry. The yellow precious metal is easily workable and conducts electricity and heat. This shows that people have always been fascinated by gold and by its rarity, durability and beauty.īecause of its properties, gold is also one of the most important industrial raw materials. and the first gold coins were minted in 50 B.C. When you return to the cookie will be retrieved from your machine and the values placed into the calculator.Gold was extracted in Egypt as early as 2000 B.C. Pressing the button will place a cookie on your machine containing the information you entered into the Holdings Calculator. If your browser is configured to accept Cookies you will see a button at the bottom of the Holdings Calculator. The spot price of Gold per Troy Ounce and the date and time of the price is shown below the calculator. Totals for Gold and Silver holdings including the ratio percent of gold versus silver will be calculated. The Current and Future Gain/Loss will be calculated. Optionally enter number amounts for Purchase Price and/or Future Value per unit of weight chosen. The Current Value for the amount entered is shown. ![]() The current price per unit of weight and currency will be displayed on the right. If you wish to select a currency other than USD for the Silver holdings calculator. NOTE: You must select a currency for gold first, even if you don't enter a value for gold holdings. ![]() Select Ounce, Gram or Kilogram for the weight. The Holdings Calculator permits you to calculate the current value of your gold and silver.Įnter a number Amount in the left text field. ![]()
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