World of Gold

From the ancient world of Incas to the famous 19th century US gold rush, men have been trading and fighting over gold for thousands of year, thus making it one of the most sought-after precious metals in this planet. Today, gold is almost used in everything from jewellery, industries, and technology.

Nowadays, buying gold bullion is a popular form of investment to people who are looking to protect and stabilise their financial well-being despite the negative impact brought about by global economic downturn. Aside from being a wise investment, here are some fun facts about gold bullion every investor should know.

• The term bullion can be applied to either bars or coins. You can view our list of products by clicking the link.
• The material value of gold bullion is directly proportional to its purity, weight, and condition. The gold used in bullions can be 99.9 to 99.9999 percent pure.
• Gold is denser than lead, and one cubic meter of gold can weigh 19,300 kilograms.
• The term bullion came from Claude de Bullion, a French Minister of Finance under Louis XIII.
• The first pure gold coins were created in 540BC by King Croesus of Lydia.
• The largest and heaviest gold coin in the world is the Australian Kangaroo, which weighs 1 tonne and with a denomination of a million Australian dollars.
• The 1933 $20 St. Gaudens Double Eagle is considered to be the most expensive gold bullion coin ever auction. It was sold for $7.6 million in 2002.
• The American Gold Eagle (1985) is considered to be the most popular gold coin.
• The South African Krugerrand (1967) is considered to be the first modern gold bullion coin.
• China is considered to be the number 1 country when it comes to gold mining and importing of gold bullion.

Buying authentic and high quality gold bullion does not need to be an intimidating experience as long as you look for a retailer known for its credibility and good reputation in the business. Check us out, and learn what our clients say about us.

If you are one of the people who are looking to add gold in their investment portfolio, it is highly advisable that you have some basic knowledge on the behaviour of gold rates. For thousands of years, gold has been desirable to people due to its universal currency status. It is often used as a symbol of wealth and abundance, making it one of the wisest investment strategies one could ever make.

Due to today’s poor global economic status, a lot of people turned to gold bullion investment as protection from the effects of economic crisis. And while buying gold bullions from a trustworthy dealer like the City Gold Bullion is a great form of investment strategy, newbie investors should be aware about the factors that affect the rise and fall of gold prices.

• Supply and demand
  Just like any other commodities, gold bullion can experience a great of deal of price movement. The increased in market demand with low gold supply can definitely catapult the prices of gold.
• Global economic crisis
  Any negative events happening around the world can have an impact on the behaviour of gold prices. The lack of confidence in the government or financial market can spark crisis commodity.
• Inflation
  Inflation is another factor that affects the movement of gold prices in the market. Inflation refers to the economic growth and expansion. So when a country is experiencing inflation, the Federal Reserve is like to increase the monetary supply, which decreases the value of existing monetary note in circulation. This often makes it costly for a person to purchase assets, such as gold.
• Gold production
  It has been widely reported that only an approximate of 2,500 metric tonnes of gold is produced every year, which is far too less than the estimated 165,000 metric tonnes in the world’s gold supply. The production cost can also play an important role in the cost of gold in the world market. When the production cost is high, miners are likely to sell gold at an expensive price to preserve their profits.

Although it gold bullion investment may sound complicated, but with the help of a credible and established gold bullion retail specialist, you will know how to kick start your investment plans. With the City Gold Service, you ensure that we focus to make your investment a huge success.