3 Apr 11

 

Gold is one of the chemical elements. Represented in the Table of Elements by the symbol Au and with an atomic number of 79, today it is one of the most attractive minerals in the world. It is characterized by its malleable and inert properties. In other words, this strong mineral does not interact with other chemicals or compounds. It does not tarnish and is able to last forever while maintaining its shiny attractiveness.

Throughout time, gold has been mostly used for jewelry and money. For thousands of years it has been measured and prices are quoted in Troy Ounces and Grams. To be able to put the price of gold in perspective today, for example, with one ounce of gold a person would be able to buy a whole set of wardrobe. Gold has the extraordinary ability to store value in both times of inflation and deflation of the economy. This is the reason why many investors see gold as insurance. Its value is not necessarily dependent on the financial system. Unlike shares and bonds, gold has the capacity to always maintain its value. In short, gold is an insurance policy against economic uncertainty.

The Republic of Panama, located in the heart of the Americas has been proven to contain significant quantities of this mineral. Petaquilla Minerals, located approximately 2 hours from Panama City is one of the most developed mining projects in the region.

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Filed under: Business,Mining

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