Sunday, December 12, 2010

All That Glitters Is Gold

All That Glitters Is Gold
Gold bars are displayed during a photo opportunity at the Ginza Tanaka store in Tokyo (Photo:
REUTERS/Yuriko Nakao)
All that glitters is gold. While the housing markets collapse, the stock market stutters and the world’s economy is waiting for the next dip the price of gold is marching onwards and upwards. People are taking their money out of bonds, stocks and blue chip companies and pouring it into that shiny metal made by Mother Nature. During the last 5 years (Oct 05 – Oct 10) the price of gold has moved from $450 an ounce to $1350 and ounce. An almost 300% rise. If you need money forget about selling your shares, just pawn your wife’s wedding ring.

All That Glitters Is Gold
A woman touches a 220 kg (485 pounds) gold bar, worth around $7.9 million at today's price, on display at the Jinguashi Gold Ecological Park in Taipei County (Photo: REUTERS/Nicky Loh)
All That Glitters Is Gold
A man carries gold bricks at SJC gold factory in Ho Chi Minh city. (Photo: REUTERS/Kham)
All That Glitters Is Gold
A man moulds gold at the Sacombank gold bar factory in Vietnam's southern Ho Chi Minh city. (Photo: REUTERS/Kham)
All That Glitters Is Gold
A gold miner shows a gold amalgam at an artisanal mining in Abangares, north of San Jose. Costa Rica is pushing to legalize a 600 informal miners of small-scale miners who scrape out tiny amounts of gold from abandoned mine shafts using dangerous and polluting techniques. (Photo: REUTERS/Juan Carlos Ulate)
All That Glitters Is Gold
A shopkeeper inspects gold bars before putting them on sale in Bangkok's Chinatown. (Photo: REUTERS/Sukree Sukplang)
All That Glitters Is Gold
Gold biscuits are given finishing touches at a precious metals refinery in Mumbai, India (Photo: REUTERS/Arko Datta)
All That Glitters Is Gold
Two trays of gold powders at different stages of refining are pictured at a Tanaka Kikinzoku Kogyo factory in Kanagawa prefecture. The factory produces gold bars and gold products for industrial and commercial use, and recycles gold from old products such as jewellery and industrial scrap. (Photo: REUTERS/Michael Caronna)
All That Glitters Is Gold
A mold for forming gold bars is kept at high-temperature in an oven at a Tanaka Kikinzoku Kogyo factory in Kanagawa prefecture. (REUTERS/Michael Caronna)
All That Glitters Is Gold
An ingot of highly pure gold is pictured at a Tanaka Kikinzoku Kogyo factory in Kanagawa prefecture. (Photo: REUTERS/Michael Caronna)
All That Glitters Is Gold
Gold bars are displayed at South Africa's Rand Refinery in Germiston. A blistering rally in gold prices has sparked a new gold rush in South Africa as mining firms seek to exploit a huge stash of underground gold hidden deeper than humans have ever dug before.The rocketing prices have transformed the aging gold industry of South Africa, the world's largest producer, from merely struggling to survive into splashing out hundreds of millions of dollars on expansion projects. (Photo: REUTERS/Siphiwe Sibeko)
All That Glitters Is Gold
A shopkeeper picks up a gold chain for a customer to try in Bangkok's Chinatown. (Photo: REUTERS/Sukree Sukplang)
All That Glitters Is Gold
Molten gold, recycled from components of mobile phones and other discarded electronic items, is poured into a mould at a recycling plant in Honjo, north of Tokyo. (Photo: REUTERS/Yuriko Nakao)
All That Glitters Is Gold
Flakes of gold leaf are pictured in Tokyo. (Photo: REUTERS/Michael Caronna)
All That Glitters Is Gold
Highly pure molten gold for use in electronic devices is poured at a Tanaka Kikinzoku Kogyo factory in Kanagawa prefecture. (Photo: REUTERS/Michael Caronna)
All That Glitters Is Gold
A worker carries gold biscuits at a precious metals refinery in Mumbai. (Photo: REUTERS/Arko Datta)
All That Glitters Is Gold
A 500-gram gold bar is removed from a mold at a Tanaka Kikinzoku Kogyo factory in Kanagawa prefecture. (Photo: REUTERS/Michael Caronna)
All That Glitters Is Gold
Gold bullion coins known as Krugerrands are pictured in the mint where they are manufactured in Midrand outside Johannesburg.(Photo: REUTERS/Siphiwe Sibeko)
All That Glitters Is Gold
A tray of gold granules and a pair of tongs for use in making gold bars are pictured at a Tanaka Kikinzoku Kogyo factory in Kanagawa prefecture. (Photo: REUTERS/Michael Caronna)
All That Glitters Is Gold
A worker scoops gold shots at Japanese jewellery brand, Ginza Tanaka's original equipment manufacturer (OEM) factory in the Chiba prefecture, east of Tokyo. (Photo: REUTERS/Yuriko Nakao)
All That Glitters Is Gold
A shop attendant displays a tray of gold bangles for the camera at a jewellery store in Singapore. (Photo: REUTERS/Vivek Prakash)
All That Glitters Is Gold
A worker melts gold at a workshop in Beirut. (Photo: REUTERS/ Jamal Saidi)
All That Glitters Is Gold
Gold bars are displayed at bullion house in Mumbai. (Photo: REUTERS/Arko Datta)
All That Glitters Is Gold
A goldsmith displays a gold nugget at a jewellery workshop in Karachi. (Photo: REUTERS/Akhtar Soomro)

No comments:

Post a Comment

Related Posts Plugin for WordPress, Blogger...