Gold Business Information

About Gold

| Characteristics of Gold | Supply and Demand for Gold | Gold's International Market and Gold Prices |
| Factors Influencing Gold Prices | Price Trends |

Characteristics of Gold

Characteristics of Gold

Gold is a malleable, ductile metal with an atomic number of 79, an atomic weight of 197.3, a specific gravity of 19.3, and a melting point of 1,063 degrees. The yellow metal can be beaten as thin as 0.1 micrometers of gold leaf and a single gram can be stretched to 2,800 meters. Gold is also an element that has a bright yellow color with high stability against water, air, and acid, except for aqua regia (nitrohydrochloric acid)*. Moreover, gold’s properties are superior to those of any other metals because of its higher conductivity to heat and electricity, giving it outstanding workability.
*A liquid that is a mix of concentrated hydrochloric acid and moderate amounts of nitric acid

Gold’s Economic Characteristics

Gold has a long history as a symbol of wealth. The following summarizes gold’s economic characteristics:

1. Scarcity

Only five to seven grams of gold can be extracted from one ton of gold ore. In all of history, it is said that only about 140,000 tons of gold have been mined, barely enough to fill three Olympic-size swimming pools. Resources likely to have economic value are said to be equal to one and a half Olympic-size swimming pools.

2. Value Uniformity

Gold can be easily divided, without compromising its value.

3. Readily Transferable

Gold is easy to transport.

4. Fair price

Stable markets are available for gold with fair prices.

5. Inherent Value

Gold has inherent value as an asset. Although currency and bonds can be reduced to worthless paper as a result of wars and rapid inflation, gold never loses its value under any circumstances.

*This website is not intended to be an inducement to engage in investment activity. Any investment decisions should be made at your own judgment and responsibility.