| Gold is a rare metallic element with a chemical symbol, Au. The word is short for the Latin word for gold, 'Aurum', meaning 'Glowing Dawn'. It has several properties that have made it very useful to mankind over the years. Why is gold special?
Gold is a unique asset based on few basic characteristics. First, it is primarily a monetary asset, and partly a commodity. As much as two thirds of gold’s total accumulated holdings relate to monetary asset holdings which include the central bank reserves, private investments, and high-caratage jewelry bought primarily in developing countries as a vehicle for savings................................................Full Article: Source
|