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The world of investments is not what it used to be…Along the fall of the monetary system all business lost power. Today, people are concerned in minimizing risks and protecting their assets rather than maximizing profit. The defensive investments are now considered the best option. A popular and proven investment against any financial collapse is the purchasing of gold.

It has been recently discovered that the Andes in Chile have at least 11.5 billion dollars worth of gold in the wide-swept area with glaciers. The place where it can be found is 15.000 feet up in the Andes and the biggest gold company in the world is trying to mine it. The process of extracting the yellow metal has been very difficult not only because of the harsh terrain but also because of the people living there.

Economists believed that because of the crisis in Greece the demand for the precious metal will fall. The surprise came when gold hit a four-month high after Standard & Poor’s, the rating agency, has lowered Greece’s and Portugal’s credit ratings.

In order to enhance her stunning beauty, Cleopatra used to sleep in a pure gold face mask. In ancient Rome, people used gold salves to treat many skin problems. Medicine today has rediscovered the healing properties of the precious metal and doctors have started to use it in various medical and beauty treatments.

Specialists believe that the price of gold will be pushed over the psychological step of 1.500 dollars an ounce because of the monetary policies tactics used by the central banks. Is this really going to happen or is it just a rumor?

For some years, South Africa has fallen on the 4th place in the global gold production league after having the world’s largest gold production.

The remaining 191.3 tons of gold that the International Monetary Fund still has for sale may not be bought by China.