How to Buy Gold at Banks?

Answer There has been talk recently that the U.S. dollar is losing its purchasing power. To combat this, people are buying precious metals, particularly gold, at record paces, as these store value much b... Read More »

Top Q&A For: How to Buy Gold at Banks

Why do the central banks of the world store gold in their reserves ,what is the purpose of it ?

Hi MukundIn the days before paper money things like gold, silver, precious stones and spices were traded. When paper was introduced, the equivalent value in gold was held by the banks because the p... Read More »

Why do banks loan money to other banks?

Banks loan money to other banks to maximize returns on excess funds and to comply with reserve requirements imposed by the government. Since banks try to maximize the return on all deposits, lendin... Read More »

What happens to the gold in the stomach when we eat Gold Dosa, the recent novelty of Dosa wrapped in gold foil?

Nothing happens. The gold used is incredably thin and has very little strength so the gold is broken into tiny fragments during chewing and digestion. If the gold is 18 to 24 carot then it will not... Read More »

Are the pins in computer processes really gold, or are they just gold plated?

That depends. Now-A-Days they are only gold plated for cost reasons, thats why components are now priced cheaper. Back in the day, processors & such were made of 24 carat gold & were expensive. Whe... Read More »