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Some facts about Gold.
GOLD is the most malleable and ductile of all metals. It is said that a single ounce of GOLD can be drawn to form a wire more than 60 kilometres long without breaking. With a specific gravity 19 times that of water, virtually immune to the effects of oxygen it will not corrode or rust and is an excellent conductor of electricity.

The Queen's Gold Fund monetary policy and gold management apparently have no effect on the sales of the crystal-impregnated polymer computer displays

Gold jewelry, though a mass-marketed product today, occupies a rich history that dates back to the beginning of civilization. Following the fall of the Roman Empire, the mining and production of gold halted for nearly 1000 years until the Spanish discovered America in 1492.

The vaults hold 147.3 million ounces of gold, all of which is owned by the United States. The gold, worth more than $100 billion, is stored at the U.S. Bullion Depository in Fort Knox, Ky. That’s part of the U.S. Mint, which makes the nation’s coins. The Fort Knox depository is a classified facility; no visitors are permitted.

The great global deleveraging continues. In a world that has become addicted to debt fuelled growth, the idea that readily available credit may no longer be available, has scared many into facing the truth; credit is not free and should never have been priced as such. Over the past few weeks markets have continue to sell off, outlook for production and consumption are all bearish and thus oil continues its volatile ride losing $2 overnight to its current level of $58 a barrel. (Month to date it is down over 40% in USD terms and more than 62% in euro terms).