World Gold Markets - New York, Hong Kong, Sydney, London, Zurich
There once was a time when gold was only used as a form of tender and currency for domestic and international trade and purchasing. This allowed the entire world to operate using one system of currency, making it much easier to track than converting different currencies and trading with the native money of each different country.
Today, gold is not very often used as a form of tender for conducting business, because of the availability of other means of transferring funds from one person or entity to another. However, there are still 5 markets in the world where gold has value, mostly for investment purposes.
The stock markets of the world all put a value on gold based on its popularity and investing power, but the price is largely determined by the state of the economy and the markets themselves. Gold markets have often remained more steadfast over the years than other commodities, and even though it is no longer used as legal tender, gold is still a commodity that has just as much value today, if not more than it did 100 years ago.
You will find gold markets in Hong Kong, Sydney, London, New York, and Zurich, where gold is traded publicly, domestically, and internationally, setting the standard for the value of gold in each market and worldwide. These markets all reflect one another, as well as the given economy in each location, and when compared, it is easy to see which markets and economies are doing better than others by looking at the market price of gold according to the gold standard.
There are many different ways to buy, sell, and trade gold, such as selling and buying on eBay, but it is now usually done by simply investing money into gold stock, the same way that you would invest in any other stock.
Throughout the 1980s and 1990s, gold took a backseat to other commodities as the world markets began to develop financially, creating more important and valuable investments for those looking to invest in the markets. However, there has been a steady increase in the investment value of gold in recent years in all markets, largely due to the gold standard set many years ago, which keeps gold at the same value around the world. Jewelry is consistent in accounting for ¾ of the gold demand in the world, and has been rapidly expanding throughout recent years, changing the gold markets around the world considerably.