Is the value of the asset growing? About the changes in Gold Prices and the Total Volume. | JEWEL CAFÉ Singapore

Date published: June 3, 2020

Is the value of the asset growing? About the changes in Gold Prices and the Total Volume. | JEWEL CAFÉ Singapore


What are our discussion about today?


It's gold! The only metal that is yellow or 'golden'. What else do you know about gold?


I know it's elemental gold is 24 karats, while 18-karat gold is 75 percent pure gold, 14-karat gold is 58.5 percent pure gold, and 10-karat gold is 41.7 percent pure gold.


Quite a lot of knowledge you have about gold. Please read article below to know more!

Movements of gold price

Gold prices are changing sequentially and are not constant. It began to soar gradually around 2003, and in 2015 the gold price soared to about 3.3 times.

Total output of gold

In the history of mankind, the total production of founded gold is said to be about 170,000 tons, most of which exist. However, the total amount of the world has been unearthed over a long period of time, stands only 3.5 cups full of Olympic swimming pools. The current supply is about 4,000 tons, putting the amount produced at a rate of around 2,500 tons each year and 1,500 tons collected from recycling together.

Gold excavation

It is said that there are about 70,000 tons of space still buried on the earth, but most of them are in difficult situation to mine, that’s why we can’t expect the output to increase in the future. Therefore, it is thought that it will be necessary to recycle and cover the amount produced to date in the future. The cost of mining gold mines has soared worldwide, about four times as high as 20 to 30 years ago. The average amount of Gold in gold ore is about 5 grams per ton, so it’s easy to say that the outcome of mining is small compare to the cost. In contrast, products such as PCs and mobile phones contain as much as 200 grams of gold per ton. This percentage is about 40 times the average content of gold ore.

Gold usage

60% to70% of gold applications are for jewelry, and industrial and investment each applications account for 15% to 20%, respectively.

Goldoprecious metal asset property

Consumers are also becoming more aware of the high value of precious metals and gold. As the number of elderly people aged 65 and over is expected to increase more and more in the future, it is likely that there will be a need to think about how to take over and cash in the gold and precious metals on hand. Jewel Cafe provides a free appraisal of gold and precious metals, so it is recommended that you take an appraisal while the gold market is high.


I find out more interesting facts in here.


Yes that's true, you can also get more information about other luxury item facts in here


Oh okay! Thank you so much.


You're welcome

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