Computer Engineering

SmithsAppsWorld

Platform: Android
App ID: com.andromo.dev601172.app723675
Price: Free
Category: Education
App is no longer available in the app store
10
SDKs Installed
0
SDKs Uninstalled
Last Scanned: 244 days ago

Installed SDKs

  • A/B Testing (1)
  • Ad-Mediation (1)
  • Analytics (1)
  • App Platform (4)
  • Authentication (1)
  • Backend (1)
  • Monetization (2)
  • Other (3)

Description

Wealth Protection During times of economic uncertainty, as seen during the recession of the late 2000s, more people turn to investing in gold because of its enduring value. Gold is often considered a "safe haven" for investors during uncertain times. When the expected or actual returns on bonds, equities and real estate fall, the interest in gold investing increases, driving up its price. Gold can be used as a hedge against currency devaluation, inflation or deflation. In addition, gold is viewed as providing protection from political instability, as evidenced by the recent unrest in the Middle East and North Africa (MENA), which may be partly responsible for gold's recent rally to new highs. (Learn more in Tips For Recession-Proofing Your Portfolio.) Gold Production Major players in worldwide gold mining include China, South Africa, the United States, Australia, the Russian Federation and Peru. The world's gold production affects the price of gold, another example of supply and demand. Gold mine production increased by about three percent in 2010 to about 2,652 tonnes, according to GFMS as several new large-scale mines began operations. Despite this small increase, however, gold mine production has been in a decline since the early 2000s. One factor is that all the "easy gold" has already been mined; miners now have to dig deeper to access quality gold reserves. The fact that gold is more challenging to access raises additional problems: the miners are exposed to additional hazards, and the environmental impact is heightened. In short, it costs more to get less gold. These add to the costs of gold mine production, resulting in rising gold prices. The Bottom Line We have long been, and will likely continue to be, enamored by gold. The recent recession has stirred a modern day gold rush. Discovery Channel's Gold Rush: Alaska, a reality show about a team of inexperienced miners hoping to strike it rich in Alaska's backcountry, brought in more than 4 million Friday-night viewers. The Gold Prospectors Association of America, a group that caters to recreational miners, saw membership nearly double in 2008 as the gold bug spreads. The demand for gold, the amount of gold in the central banks' reserves, the value of the U.S. dollar and the desire to hold gold as a hedge against inflation and currency devaluation, all help drive the price of gold, one of the world's precious metals. Read more: What Drives The Price Of Gold? https://www.investopedia.com/financial-edge/0311/what-drives-the-price-of-gold.aspx#ixzz4zKi92TTG Follow us: Investopedia on Facebook

Publisher: SmithsAppsWorld

Number of Apps: 48, including
Latest Update/Release: 260 days ago

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Last Update

1.0
Released January 04, 2018

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