Gold has been treasured since ancient times for its
beauty and permanence. Most of the gold that is fabricated
today goes into the manufacture of jewelry. However, because
of its superior electrical conductivity and resistance to corrosion and
other desirable combinations of physical and chemical properties, gold
also emerged in the late 20th century as an essential industrial metal. Gold
performs critical functions in computers, communications equipment,
spacecraft, jet aircraft engines, and a host of other products. Although
gold is important to industry and the arts, it also retains a unique
status among all commodities as a long-term store of value. Until
recent times, it was considered essentially a monetary metal, and most
of the bullion produced each year went into the vaults of government
treasuries or central banks.
... 2004. Goldprice
forecast for 2005 - Paul van Eeden, Oct 08 2004. Korelin Economics
Report - Alexander B. Korelin, Oct 05 2004. Junior ...
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