About Gold
From the very beginnings of human civilisation, gold has always been keenly sought after by mankind, primarily because of it’s unique property of being virtually indestructible, this prime property combined with it’s rarity, and it’s non tarnishing beautiful lustre, has enabled gold to become one of societies most treasured possessions as a store of value.
In more recent times nations have adopted gold as a store of wealth and as a medium of international exchange, also many individuals have sought to possess gold as hedge against the constantly ongoing current inflationary trend and their mistrust of paper money.Gold market futures, are directly correlated to the COMEX live spot gold prices (which are quoted in US dollars), which float freely in accordance with supply and demand, and correspond rapidly to the political and economic climate of the day. Notwithstanding because gold is such a vital industrial commodity, some investors have resorted to trading gold futures as a means to obtain a stake in the gold market, without the problems associated with owning and safely storing physical gold.