Gold is beautiful. The high metallic lustre – meaning it reflects light well – gives it that beautiful shiny appearance. Lesser-known qualities include exceptional malleability and ductility, it has a relatively high melting point, around 1064°C, and is an excellent conductor of electricity and heat.
Additionally, gold stands out as one of the densest metals, contributing to its relatively heavy weight. Add to this its corrosion resistance and scarcity, and you have a highly valuable, uniquely versatile and rather rare element…one that has been a store of value for centuries.
Considering more government debt is likely to end up on the balance sheets of central banks, the upper bound for gold is still a long way off! Gold also offers protection against unpredictable and potentially significant events that can have a sudden and adverse impact on financial markets, economies or geopolitical stability.
London-listed company KEFI Gold and Copper plc (LON:KEFI) is an exploration and development company focused on gold and copper deposits in the highly prospective Arabian-Nubian Shield. The Company operates in Ethiopia and Saudi Arabia with projects including Tulu Kapi project, Jibal Qutman EL and Hawiah.
