The Future Of The Yellow Metal

Gold is a very rare metal and recent studies show that most of it has been already minted. So the one might ask “What is the future of gold?”.

What we all have to know is that most of the gold minted up to this day is held by Central Banks and by private investors who own significant amounts of this precious metal. Some research shows that the bars owned by individuals account for 236 tons of gold. Almost all of the precious metal that has been minted up to now is still being used in proportion of 85%. This means that in our jewelry there might be gold that that has been used by an Aztec King or even by the Incas.

Seeing that there isn’t so much precious metal in the ground, scientists have started to look for it in the sky. In 1998, a NEAR spacecraft passed close by to the asteroid Eros and unveiled some important data. The potato – shaped rock contains about 3 % metal. Looking at the size of the asteroid, NASA researchers have estimated that the rock must contain about 20 billion tons of gold and similar amounts of aluminum and palladium.

Prospectors have started to create new and improved methods of detecting gold. There is a better chance of finding the gold that has been overlooked in the past by using these methods. A few gold deposits have already been discovered and the mining process has begun.

The mining companies will now have to be more careful and attentive with the way they treat the environment. For a single ounce of gold, 250 tons of rock has to be removed. There is also the problem with the cyanide solution that is used for the extraction and refining procedures. But the companies that are using these questionable procedures will be soon alienated by jewelers.

This type of problems will surely not stop the demand for gold. Maybe it will make us think about our life, our heritage and our history.

For a wide range of Made to Measure Curtains in huge range of Fabrics visit Homeinteriors4u.com.

Mentions about us on the Web;

Find more articles about

Finance

The Future Of The Yellow Metal

Find more articles about

Search