Beverly Diamonds Online
Gold is a soft metal which has characteristic deep lustrous yellow or yellow-brown color. Gold is an element with the atomic number 79, and gets its chemical symbol Au from the Latin word Aurum. Gold is one of the most highly-sought after precious metals in the world. It is used in jewelry, electronics, and coinage. Gold is widely considered to be an effective hedge against inflation, which means that when the dollar depreciates, demand for gold rapidly increases. In addition, during times of economic and political uncertainty, the demand for Gold rises only because of the fact of its high intrinsic value and relative stability. Beverly Diamonds Online prices pretty much stay the same for their rings even though the price of gold rises. Even more so the introduction of gold ETF’s and the increasing wealth in emerging markets, such as China, India, and Latin America have contributed to rising demand for gold. While demand for gold has been rapidly rising, supply has also been dropping as many of the top gold producing countries have had decreasing production lately over the past several years.
Gold has been being used as money for far more than 3,500 years as it doubles as a currency and a store of value. Gold is one of the very few assets that are not the obligation of someone else. Beverly Diamonds Online offers many different rings in white gold and yellow gold. Gold has also proven to be a good hedge against inflation since the experiments with unbaked fiat money began in Europe and the USA in the 18th century.
The effect of the falling supply of acute Gold coupled with increasing demand from the US overall economic slowdown has lifted Gold prices to its highest ever. Gold started in 2011 at about $1,412/oz, then it peaked intranet at $1923/oz in early September, and then ended the year at $1,575/oz. This was the 11th straight year in a row of annual gold gains. Beverly Diamonds Online keeps their prices at the same rate even with the increasing gold prices. Prior to this time the highs in gold were set back to 1980 at $850/oz. (note: after factoring in inflation and the CPI for over three decades, $851 back in 1982 is equivalent to around $2,500 today. It could be equivalent to $5,100.).