Global Situation Economic

Global Situation Economic

About 80 percent of the total supply of gold used jewelry industry. Consumption of jewelry is a great influence on the demand side.

As economic conditions improved, the need for jewelry tends to rise. However, from the statistical data visible demand for jewelery is more sensitive to fluctuations in gold prices than the increase in economic conditions.

The fall of the level of jewelery demand during recessions in 1982-1983 mainly due to rising gold prices simultaneously. The fall of the level of jewelery demand in times of recession the early 90's more in line with the above, at the time the gold price to go down.

Gold Inflation | Emas dan Inflasi

Inflasi Emas

Gold is often referred to as "barometer of fear". By the time people worried about the economic situation, they tend to buy gold to hedge their wealth. Two kinds of economic situations that often make people worry is inflation and deflation. Gold has proven to be a means of storing wealth resistant to both inflation and deflation.

One proof gold resistance to inflation we can see from the following example: In about 1400 years ago, the price of goats is worth one dinar. A Dinar was a piece of 22-carat gold with levels and has a weight of 4.25 grams. Currently, a goat with the same quality still has a price equivalent to a penny.