Gold Trading and Mining

Because of its unique qualities, Gold has been the one material that is universally accepted in exchange for goods and services. In the form of coins or bullion, gold has occasionally played a major role as a high-denomination currency, although silver was generally the standard medium of payments in the world’s trading systems.

However, Gold began to serve as a backing for paper-currency systems when they became widespread in the 19th century, and from the 1870's until World War 1, Gold's standard was the basis for the world’s currencies stability, and still remains a highly regarded reserve asset in the International Monetary System (IMS), accepted by all Nations as a medium of International payments.

Because Gold is visually one of the denest of all metals, pleasing and workable and does not tarnish or corrode, it became the first precious metal to attract human attention in utility of purpose.

In the Middle Ages the chief sources of Gold in Europe were the mines of Saxony and Austria. The era of Gold production that followed the Spanish discovery of the America's in the 1490's was probably the greatest the world had witnessed to that time. From Christopher Columbus's discovery of the New World in 1492 to 1600, more than 225,000 kg (8,000,000 ounces) of gold, or 35 percent of world production, came from South America. The New World’s mines especially those in Colombia continued into the 17th and 18th centuries to account for 61 and 80 percent respectively of world's Gold production. This means that 1,350,000kg (48,000,000 ounces of Gold) were mined in the 18th century.

During the second era of expanding production (1850–75), more Gold was produced in the world than in all the years, primarily because of the mining discoveries in California and Australia.. Gold production however continued to rise throughout the 20th-21th century, partly because of the improvement in recovery methods and partly because of the continual growth and expansion of South Africa’s Gold-mining operations.

Gold has been revered in almost all human cultures as a valuable asset, and for as long as civilizations have been able to admire and use this precious metal’s unique properties, it still maintains its extremely malleable standards, alloys well with other metals, easy to work into thick wires or sheets and also an easy asset to invest in.

Because of these unique properties, Gold makes its ways into almost every sphere in modern life in some ways, shape or form. About 78% of Gold consumed each year is made into 'Jewelry and Gold coins'. Which makes it the most common way gold reaches consumers, and has been a primary use in various cultures. It is an adornment that is both ethereal and revered, especially in India. Also referred to as [God's Money].

In Financial Market, Gold can be traded by buyers, sellers, miners, desk traders and speculators who may open positions against the price movements of the precious metal without owning the underlying asset.

Additionally, Gray Capital Global Investments ltd has a highly skilled group of seasoned traders that frequently combines a technical analysis or overlay with their fundamental approach and tactics in an effort to increase the likelihood of success when trading Gold on the market