GOLDEN KNOWLEDGE: 10 UNKNOWN FACTS ABOUT GOLD

GOLDEN KNOWLEDGE: 10 UNKNOWN FACTS ABOUT GOLD

 06:48  Harsha  No comments

1: Historically, Its Worth Has Been StableOver the past decade, the value of gold has risen sharply, from about $279 per ounce in 2000 to around $1,300 per ounce in mid-2010.Yet for most of the previous two centuries, the per-ounce price was stable for extremely long stretches. From 1833 to 1918, for example, the price of gold never rose more than six cents from its initial price of $18.93 per ounce, and between 1933 and 1967 its price rose just 26 cents per ounce, despite dozens of inflationary crises and economic downturns.2: It Can Be Stretched for MilesGold is so soft and malleable that an ounce of it could be stretched into a wire 50 miles in length, or be flattened into a sheet 100 square feet in area.3: It's Soft But HeavyDespite its...