Wednesday, December 1, 2010

Why is Gold Valuable?

Have you ever wondered why gold has been valued by mankind for over 5000 years? Was civilization always destined to be dazzled by the allure of the shiny gold metal? Well, two guys from NPR, Jacob Goldstein and David Kestenbaum, got a hold of a Table of Elements and started to do some homework. Here's what they found:

There are 180 or so elements eligible for review on the earth. Unfortunately, most of them are gasses, they explode, they’re radioactive, or they’re too common or too rare. Eliminating elements that fall into those categories "leaves us with just five elements: rhodium, palladium, silver, platinum and gold"--precious metals, Goldstein and Kestenbaum write. But silver tarnishes, rhodium and palladium were discovered only in the 1800s, and platinum melts at 3,000 degrees--way too hot for pre-industrial man. The reporters asked their expert, chemical engineer Sanat Kumar: "If we could run the clock back and start history again, could things go a different way, or would gold emerge again as the element of choice?" Kumar explained, "For the earth, with every parameter we have, gold is the sweet spot... It would come out no other way."

Today Gold is still a good choice in these uncertain economic and political times. Two highly rated companies that sell a variety of gold coins are APMEX Gold and Silver and Silver American Eagles.
Fight hyperinflation before it visits your local grocery store today!

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