GOLD
TRADING
Gold
is falling today, trading now about $1,672.70.
It’s 52-week high of $1,918.10 per ounce. Prices dropped after the dollar concerns over
Greece’s dept swap and stayed low in developed countries. In 2011, global banks carried on being buyers
of gold as people tried to have a variety from their dollar keepings and
balance reserves plus to protect national wealth. Speaking of wealth what is gold actually used
for?
USED FOR
Gold
is used for many things like “earrings, necklaces and so much more. Even toe rings weird isn’t it. You can’t really blame them because I have a
toe ring at home. J
But gold isn’t just for jewellery,
people buy gold instead of
putting their money in banks and that my friend is called an investment.
FINDING REAL GOLD
STEPS
So
let’s just say you think you found gold here are some facts to see if it is
real gold. 1. Gold is not magnetic so pass a magnet over
it. 2. Scrape a bit on the top of the
element and then take a feather dip it in the nitric acid put a drop of the
acid onto the bit you scraped. 3. If
it’s 18 or higher karat it won’t change colour. 4. If you do it on a nine karat
it will turn to a light brown. 5. If it
is brass or there are brass elements in the gold it will turn green.
SHORT STORY
Any
other metal rust’s but not gold even if it’s under the sea. Someone diving for
crayfish found a thick gold wrist chain which he gave to his wife as a little
gift or present. But I will explain how
I know about that soon, very soon.
PERSONAL LIFE
When
I was a little girl I knew that my grandfather was a jeweller and as I got
older I was very interested in jewellery.
I remind my grandfather to keep the gold and ruby pendant for me. Sadly he wants to sell it. Luckily my nana talked him into maybe keeping
it for my 16th birthday. And
my mum said that “we might go there next year with some friends of ours for a
visit near the time my mum’s birthday plus my birthday only for a month
though. I am hoping that he will give it
to me then.
Bibliography:
www.businessinsider.com.au/countries-biggest-gold-reserves-2012-3?op=#10-india-1
http://www.chemistryexplained.com/elements/C-K/Gold.htm1#ixzz3113COFHU
BY KIRSTEN.W
Successful things:
ReplyDelete-you have lots of good, interesting information about gold that could be useful for somebody researching for info about gold.
-you have bold titles
Next steps/ to be improved:
- Using a powerpoint/prezi could help your presentation layout look a bit better
-Finn