Gold prices rose by more than $10 million on Friday as the world’s biggest gold producer, Minnesotans Golden Globes, became the first US sport to win the title of best-dressed event in the history of the entertainment industry.
The record-breaking event, hosted by actor George Clooney and director Scott Rudin, drew more than 13.5 million viewers.
But despite a gold rush fuelled by record highs in prices, the event’s main prize was not the best dressed man or woman but a gold rope chain chain, valued at about $20,000 (£15,000).
“Gold is a pretty good investment right now,” said Robyn Fenton, co-founder and chief investment officer of Fenton Funds.
“It’s a pretty safe investment, but you’ve got to be careful about how much gold you put in.
Gold is pretty volatile.”
Ms Fenton added: “I’ve never seen an event where it was more than two weeks of gold for one person, or one day.
The price has been going up pretty steadily.”
A gold bar, an antique gold ring and an old gold ring all fetched $10m, with the golden Globes ring the most expensive of the lot.
The gold chain fetched more than twice as much as the silver, gold and platinum chain.
Gold was worth more than seven times as much in February, before the gold price began a two-month plunge.
In the last three months, the price of gold has lost more than 25 per cent.
The price of the gold chains rose as the show was being broadcast, with many viewers lining up to get the best view.
Gold prices rose sharply earlier this month, with gold-based ETFs such as the SPDR S&P Gold Trust rising nearly 40 per cent on Monday, and Goldmans Silver Lake rising more than 40 per-cent.
But the price has since been trending lower, with an index that tracks the price for gold from July reaching a record low.
The world’s most popular gold bars are worth $20 million each.
The first silver-gold alloy gold bar is worth about $3,000.
Gold and silver are used interchangeably, but they have different physical properties.
Silver is a pure metal that can be melted and refined into gold.
The metal is used as a conductor of electricity, an alloy of copper and zinc.
Gold has a higher melting point than silver.
It melts at about 760 degrees Celsius, which is hotter than water.
Gold is also heavier, weighing about 0.6 grams, and can be used as the building block of precious metals such as gold and silver.
The average gold bar weighs about 8.4 grams, while the average silver bar weighs around 1.3 grams.
The silver-Gold alloy has the potential to hold up as a currency in the future, with governments and banks exploring the use of the precious metal for digital currencies, electronic payments and more.
But for many people, the prospect of getting a gold ring is too exciting.
“The excitement of the ring has been great,” said Mark Stoddard, a gold investor in Sydney, Australia, who said he was considering buying a gold chain for his son.
“But it’s so much more than that.
It’s also a great way to commemorate the people that made it possible.”‘
Gold is so hard’Gold was first mined in 1881 and it is now used in almost all products including jewelry, coins and electronics.
But gold-related industries have been hit hard by a surge in commodity prices, including from a rise in Chinese demand for gold.
“Gold has gone up almost 100 per cent over the past year,” said Dr Andrew Gifford, an economist at the University of Melbourne.
“We’ve had a huge increase in Chinese purchases of gold.
We think this will continue.””
Gold may not be the best investment, it may not even be the cheapest investment, and that’s why it’s important for investors to keep their eyes open for that opportunity,” he added.”
And there is a lot of opportunity out there in the metals sector.”
Gold has long been seen as a safe investment for those with low risk appetite.
In recent years, the value of gold and other precious metals has surged to record highs.
In 2015, gold reached $1,200 an ounce.
In the last decade, the total value of the world economy has more than doubled.
“You could say we’ve been in a golden age of investment for the last five years,” said Chris Hargreaves, chief executive of the Gold Fund, which invests in gold.
The fund also invests in the Australian dollar and the gold futures market.
Gold may be worth more, but its value is volatile, and the risks of gold are higher.
“I don’t think you can be confident in gold because of its price,”