10 intriguing nuggets about gold
10. It's a marvel of recycling
Almost 40% of total world gold supply is recycled gold in any given quarter in 2012; it was 38.8% in Q3. Recycled gold, which includes melted-down jewelry, bars, coins, and even dental implants, has become a greater part of world supply, even as gold mining has increased year over year. That’s a relatively good sign as well: investors are willing to liquidate their gold (literally) at today’s prices, providing incremental supply and limiting the chance of a “Bubble.” The fact is, every piece of gold jewelry, ever coin, every ingot ever produced still has value. Can you say the same thing about stocks or bonds?
(Source: ConvergEx Group market strategists)