The daily quoted market price of the precious metal gold is considered to have a signal function. Experience has shown that many investors switch to gold or platinum (platinum is usually quoted at around twice the price of gold) when there are signs of political or economic turmoil in a country or in the world as a whole. – In the wake of rumors about the collapse of the financial system towards the end of 2009, the price of gold rose from USD 900 to USD 1,225 per ounce within ten months. – See assay stamp, fineness, goldgram, gold-silver ratio, gold value, carat, London Good Delivery Standard, troy ounce, ounce, intermediate parking.
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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
E-mail address: info@ekrah.com
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