A Study on Investment Pattern Investors of Jewellery at Pattukkottai Town

Gold has been used throughout history as money andhas been a relative standard for currency equivalents specific to economic regions or countries, until recent times. Many European countries implemented goldstandards inthe latter part of the 19th century until these were temporarily suspended in the financial crises involving World War I After WorldWar II, the BrettonWoods system pegged the United States dollar to gold at a rateof US$35 per troy ounce. The system existed until the 1971 Nixon Shock, when the US unilaterally suspended thedirect convertibility of the United States dollar to gold and made the transition to a fiat currency system. The last currency to be divorced from gold was the Swiss Franc in2000. Since 1919 the most common benchmark for the price of gold has been the London gold fixing, a twice-dailytelephone meeting of representatives from five bullion-tradingfirms of the London bullion market. Furthermore, gold is traded continuously throughout the world based on the intraday spot price, derived from over-the-counter gold-tradingmarkets around the world (code "XAU"). The following tablesets forth the gold price versus various assets and key statistics on the basis of data taken with the frequency of five years. Gold isthe most popular as an investment. Investorsgenerally buy gold as a hedge or harbor against economic, political, or social fiat currency crises (including investmentmarket declines, burgeoning national debt, currency failure, inflation, war and social unrest). The gold market is subject to speculation as are other markets, especially through the useof futures contracts and derivatives. Gold price has shown a long term correlation with the price of crude oil. This suggestsa reason why gold is sold off during economic weakness.