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Gold Glass

March 3rd, 2010 No comments

Gold Glass

Customizing Glass Railings

Glass railings are one option that you may want to consider for your home. Glass is an unusual material to use, but it can add an elegant touch in many different places in your home. Where are the most common places that you see glass railings? Shopping malls are one place that you see glass partitions and railings and this is so that you are able to see all of the stores without obstruction. It can make a home seem more open as well.

Add a Little Sparkle
The benefits of light reflection and transparency are why many people love the look of glass railings. If you have been to the Dubai gold mart, then you have seen the beauty of glass railings. This bright market is only enhanced by the glass railings and gold accents that reflect light everywhere. It just makes you want to add some glitter to your life by purchasing some gold at this mart. If another type of material was used, like wood or iron, the affect just would not be the same.

Customizing Glass Railings
Glass railings will have to be customized to your specific specifications. They will be made to enhance the rest of the area where they are going to be located and the light sources will be taken into consideration in the customization. By thinking of how the glass railings will fit into the whole decorating scheme, the glass railings can become a cohesive part of the room, home, or business.

Benefits of Glass Railings
The biggest benefit of glass railings it that they do not require any difficult maintenance to keep them beautiful. They do not need to be sanded or painted and they are mildew resistant. They are very durable and all you need to do to keep them shiny and clear is clean them with a rag and glass cleaner. The only time that major maintenance may be needed is when the glass gets cracked or broken.

Another benefit of glass railings is that people are not as hard on it. They see it as fragile and treat it as so. Most glass used in businesses, including malls, are made of very strong glass that is not likely to break or shatter for safety, however.

Glass railings also offer the benefit of being transparent. This makes any space look more open and welcoming. In a business, this allows for maximum visibility of product and stores so that the sales will be increased.

Glass railings can offer you a beautiful way to add character and interest to your home. This material offers you functional benefits as well.

About the Author

Andrew Caxton is the editor of http://www.deck-porch-railings.com . A website with tips on
glass railings
, amongst many related topics.

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Gold Glass

Swiss Gold Bullion in Huge Demand as Trust in Banks Dives

Swiss gold bullion in huge demand as trust in banks dives

Swiss gold refiners are having great difficulty in keeping up with demand for gold bullion leading to long delivery times as investors wary of other stores of wealth.

Sealed off by grey concrete walls and barbed wire, the workmen in protective glasses and steel-toed boots at this smelter cannot work fast enough to meet demand from the nervous rich for gold.

This refinery near Lake Lugano in the Alps is running day and night as people worried about recession rush to switch their assets into something that may hold its value.

"I have been in the gold business for 30 years and I have never experienced anything like this," said Bernhard Schnellmann, director for precious metal services at the refiner Argor-Heraeus, one of the world's three largest.

"Production has dramatically increased since the middle of the year. We cannot cope with demand," said Schnellman, wearing a gold watch on his wrist.

Spot gold hit a record $1,030.80 an ounce on March 17. It fell below $700 in late October, partly because investors sold their holdings to cover losses in equity and bond markets hit by the credit crisis, and is now around $830 an ounce.

The trigger for the price to rise again could come from a much weaker dollar, making gold cheaper for holders of other currencies, and a renewed aversion to paper assets as governments and central banks pump large amounts of cash into the economy, stoking inflation.

Smoke billows as the molten gold, like glowing butter, is poured. To cool it, the worker drops it into water. It hisses as it hits. Once hardened in moulds, the gold bars are embossed with the refinery's seal. Workers wearing white gloves stack them into boxes like domino pieces.

Though Switzerland is not a gold miner, it is home to some of the world's largest refineries, which process an estimated 40 percent of all newly mined gold.

Argor-Heraeus is part-owned by the Austrian Mint and a subsidiary of Germany's Commerzbank. Commercial and central banks are its chief customers and it says it processes some 350-400 tonnes of gold and 350 tonnes of silver per year.

Customers buying gold bars, which can weigh more than 10 kg each, have to wait roughly a month, taking into account the year-end holiday season.

For those buying coins or ingots, which can fit into the palm of a hand, the delay is six to eight weeks. A year ago, these small products could be had within a couple of days.

Worries about the banking system globally have boosted worldwide demand for physical gold, the Gold Council said.

"Many (people) are afraid of leaving their money in banks," said Sandra Conway, managing director at ATS Bullion in London, which sells bullion and gold coins to institutions and the retail market.

"It's difficult to quantify, but I would say our turnover over the last three months has certainly doubled compared to the previous three months," she said.

FULL CAPACITY

Other Swiss gold refiners also say business is booming.

"Since the summer we have experienced a sharp rise in demand for certain gold products. The one-kilo bar has become very popular," said Fiorenzo Arbini, in charge of health and safety at Pamp, another large Swiss refiner.

"People used to buy certificates, now they want physical gold."

Schnellmann said the Argor-Heraeus smelter is operating at full capacity, three eight-hour shifts a day. Conquering the backlog by hiring is difficult, because each candidate has to undergo a security check.

Gold refiners were established in Switzerland to supply the watch industry and, later, jewellery-makers in Italy.

Switzerland's largest banks stepped in to replace a void in gold trading while the London gold market was shut after World War Two and again during a brief closure in 1968.

The former Soviet Union, another top gold producer, chose Zurich banks to handle most of its gold sales in the 1970s and 1980s.

"Gold has an image of being the asset of last resort. This could be viewed as old-fashioned but this is how enough people with enough money to matter think," said Stephen Briggs, a metals strategist at RBS Global Banking & Markets.

GOLD TOUCH

India, China(cnmining) and the Middle East remain the biggest gold importers, particularly for jewellery. But demand for physical gold has exploded also in Europe, the Gold Council said.

In Switzerland, home to the world's largest private banking industry, demand for gold bars and coins shot up six-fold to 21 tonnes in the third quarter of 2008, more than in any other European country.

Retail investment in gold rose 121 percent in the third quarter of 2008, an important contributor to the overall increase in global demand, the Gold Council said.

In that period purchases of gold bars by retail investors, who often buy through commercial banks, rose nearly 60 percent, notably in Switzerland, Germany, and the United States.

There was a surge of interest among professional investors shortly after the collapse of Lehman Brothers in September.

Private bank Julius Baer in October launched a fund to invest exclusively in gold bars stored in highly secured vaults in Switzerland.

"The fascination with gold has been there since the beginning of civilisation," said Schnellmann. "It cannot be explained: you can't eat gold, you cannot build anything resistant with it and yet people want to hoard it."

About the Author

http://www.cnmining.org/news/?id=833