Revealing Gold: What do you know about the market's most popular asset?

Hi partner, Every once in a while, we at Xxx like to enrich our traders with interesting facts about the assets that last throughout history, no matter the dynamics of world events. This time, it's Gold we're talking about.

Did you ever stop to think what makes this commodity so valuable? Gold has been here since the break of dawn. This chemical element is highly resistant and malleable, a fact which makes it usable for a variety of implementations. The general division of Gold usage is applied according to:

• 50% jewelry production • 40% investments • 10% industry utilization

A divine asset that came from the stars

One of the ruling scientific assumptions that discuss the origin of this unique metal holds that Gold is actually a part of the star dust that was created when the solar system was formed. Gold was gradually inserted to the core of the earth and became a part of earth's mass. The interesting part here relates to Gold spread on the face of the planet, which indicated one region as a prominent pool of natural Gold – the Witwatersrand basin in South Africa.

What Does South Africa have to do with Gold? (Hint, inhabits 50% of global stock)

After an asteroid impacted the earth approximately 2.2 billion years ago, a great deal of Gold matter found its way round the Johannesburg erosion surface, in the center of the meteor crater that was 300km long. In 1886, the discovery of this natural reserve catalyzed the Witwatersrand Gold Rush and led a breakout of Gold spread we use to this day. About 22% of the metal that was extracted then, is originally from the Witwatersrand rocks.

Gold as a timeless form of money

The first use of Gold in its coin form is attributed to the era of 600BC and found in the Asia Minor area. Rushing forward to WW I period, Gold was integrated in nations inflating economy in order to support the war efforts. Along time, gold has been referred to as a base standard for other world currencies. This precious metal is measured by grams and Troy Weight and its proportion is measured by Karat. The purest form of Gold is considered to be of 24 Karat.

This asset is an everlasting position

As an investor of the global market, you can rely on Gold as a benchmark asset in the industry, as well as in your portfolio. You can witness its value's strength staying put along global economic movements and changing political periods.

All and all it's safe to say – Gold is an immortal asset.

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