Gold is a raw material unlike any other
All the gold extracted in the world would fit into a 20x 20 metre cube
Gold’s lustre has bewitched man since it was first extracted over 6000 years ago. What’s more, it doesn’t rust, oxidize or tarnish. It is estimated that all the gold ever extracted would only form a cube of around 20 metres on each side, an eighth of this football pitch. And gold has aroused human emotion like no other material. On the busiest metal market in the world, the New York Stock Exchange, gold is always exciting.
Georges Gero, Commodity Exchange New York: “Americans have been fascinated by gold as they have learned that during the depression a kilo of gold, which is thirty three ounces, would pay for a Ford, Chevrolet or Plymouth and that today a kilo of gold would in the same way pay for a new Ford, or Chevrolet or Plymouth, therefore its value has been maintained over the years.”
Timothy S. Green, author of “The World of Gold”: “If you made orange juice, you drink it and then it’s gone. In the same way if you made any type of food, you eat it and it’s gone. Gold on the other hand continues. Year on year, the constant demand for gold exceeds new arrivals from the mines. In a way, it is a good reason to be operating a gold mine today, there is constant demand for your product.”