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Throughout history, the gold price per ounce has been a noteworthy indicator of the financial climate. Gold prices normally show the complete opposite of the price of the dollar hence the fact that at the moment, as the damage done by the recession is undone, the cost of gold is still soaring high.
Gold is seen in the eyes of many as a mesmorising metal. It is not hard (compared to most of the other metals), glossy and very appealing to the eye. It's chemical symbol is Au. The reason that gold is so valuable is simply because it is so rare. Many people spend a lot of money buying gold coins (there are many varieties of them, coins from Canada are quite common), bullion and jewellery amongst others.
The gold price per ounce has shown a steady increase over the years. Even when it was first found, the human race used it as a legal tender to buy supplies including food and other provisions. Gold has always amazed the human race possibly due mainly to the fact that it is so fine-looking. It has been used to emboss garments and constructions as well as being one of the most popular fashion accessories. Many cultures wear or have worn gold from the Greeks in the olden days to the kids of today.
During the tough financial climate, the cost of gold has gone up, but it is still a mystery as to why the price has not gone down as the value of other currencies has increased. Usually gold show an opposite relationship with currency, but this time around it is keeping its high costs.
Stock traders make bigger profits trading gold compared to legal tender due to the fact that it is simpler to watch the previous market trends and predict the future prices. Again, the social factors are of importance, as gold traders find it tremendously rewarding owning the gold to their name.
It is quite easy to switch between the price of gold per ounce and the price of gold per gram. You only need a calculator and have to do one simple sum. 31.1034768 grams make an ounce so to work out the price in grams, just divide the gold price per ounce with 31.1034768. The price of gold per ounce can be obtained by doing a search on the web. There are many sites which provide live, up to date charts and graphs showing the current gold price and the prices over the previous days, months and years.
Latest page update: made by goldprices144
, Mar 29 2010, 2:34 PM EDT
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