(Last Updated On: June 12, 2021)

 Position of Gold Globally

Gold was in the history of mankind for a long time the most important tool for exchange and payment. In addition, just having this precious metal has been associated with diverse symbolic aspects for millennia. This is especially due to its resistance. To date, the demand for gold is high. It is used increasingly as an investment.The gold price has risen steadily since the beginning of this millennium, even with some variations. The buying gold bullion is considered as a “crisis currency “, especially in times of crisis in the global economy. For this reasons, best gold bars to buy for investment in Cameroon is as to the fact that gold bullion price rose to more than $1300 in the last four years for the first time. At times, its price has often soared well over US $ 1,500 an ounce (1 troy ounce = 31.1 grams) , Due to the current economic and financial crisis, the current gold price is as high as $1900 US dollars per ounce (as of June 2020).

Global Occurrence and Use of Use

For decades there have been no more major gold discoveries worldwide. Cheapest gold and larger deposits are in South Africa, China, the US and Australia. The resources in South Africa, which dominate the world market since 1900, are running out and the gold purchase production in the US and Australia has slumped down. Only China, the strongest producing country in 2008, has recorded an increase in funding. In 2009, China produced about 310 tons of gold bullion in some 700 mines. How do you buy gold, best places to buy gold online,cheapest place to buy gold online,how to buy gold bars in usa, cheapest gold in the world ,is no longer a difficult question to answer

In addition to these major gold producers, there are many smaller states, where in recent years new gold mines were opened. These include Ghana, Tanzania, Mali ,Cameroon and Colombia. Increasingly gold coins for sale near me is important in the recycling of gold. buy gold bars from bank .Approximately one-third of the world’s available amount of gold is obtained by the melting of ingots,jewelry, gold coins and electronic equipment with gold content. we the most trusted gold and silver coin dealers,  best place to sell gold online In Cameroon

Global Currencies And Gold

Overall, around half of the global amount of gold is processed in jewelry; about 12 percent in objects of art and 16 percent are in the form of bars and coins in the private ownership. Most global currencies are also backed by gold reserves. To date, the gold bar for sale, gold reserves of central banks and other monetary institutions account for about 19 percent of the world’s existing gold quantity of 153,000 tons of (as of 2007). Here, the United States with approximately 8,100 tons for the largest share, followed by Germany with 3,400 tons and the International Monetary Fund with 2,800 tons (as of 2011).

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