The use of precious metals

Precious metals

1 The use of precious metals

Cold markets

3 Cold bullion bars and coins

4 Carat

5 Precious metals as a capital investment

The use of precious metals

The four important precious metals are gold, sil­ver, platinum and palladium. They are used for various purposes:

■ as a commodity to be bought and sold

■ for jewellery industry

■ for electronics, dentistry and other industries

■ for numismatic and seminumismatic coins

■ for medals

Besides gold is used as currency reserves of a country.

Actual gold is used in the following forms:

■ bullion bars

■ bullion coins

■ coins

Precious metals should be acquired only from banks. There are some private dealers selling counterfeit precious metals. They are alloy bars and coins. And very often private dealers try to find in­nocent purchasers and cheat them.

The most popular bullion coins are:

■ American Eagle (the USA)

■ Britannia (the UK)

■ New Sovereign (the UK)

■ Maple Leaf (Canada)

Vocabulary

precious

platinum

palladium

jewellery

electronics

dentistry

numismatic

semi-semi-circle semiannual

medal

reserves

currency reserves

драгоценный

платина

палладий

ювелирные изделия

электроника

лечение зубов нумизматический

полу

полу­полукруг

полугодовой медаль

резервы

валютные резервы

bullion

bar

dealer

alloy

innocent

to purchase

purchaser

syn. Customer

to cheat

eagle

sovereign

maple

leaf

pi. Leaves

alloy bar

чистое золото или серебро

слиток

дилер*

примесь, сплав

наивный, простодуш­ный, невиновный, не­винный

покупать

покупатель

обманывать

орел

соверен

клен

лист

слиток из золота или серебра с примесью неблагородного ме­талла

Exercises

a. Read the following words paying attention to the sounds:

И	[s]
to use	use
used	useful
using	useless
usage	uselessness
user	usefulness
usable

b. Open the brackets using the verbs in the correct Voice forms:

1 Precious metals (use, are used) for various purposes.

2 They can (use, be used) as any other commodity.

3 They can (buy, be bought).

4 People)use, are used) them for jewellery industry.

5 We also (use, are used) them for electronics, dentistry and other industries.

6 They (use, are used) for minting coins.

7 We also (use, are used) them for medals.

С. Make sentences from the following elements:

gold and silver

the four precious metals

precious stones

are used

are not used

in bars; in coins; for medals; for jewellery

as a currency reserve of a country

d. Answer (he following questions:

1 What are the four precious metals?

2 For what purposes are they used?

3 In what forms does gold exist?

4 How can precious metals be bought?

5 Why is it not recommended to buy precious metals through private dealers?

e. Write down the answer to the following question:

What are the most popular bullion coins?

_____________________________________________________

_____________________________________________________

f.Translate into Russian:

1 Precious metals should be acquired only from banks.

2 There are some private dealers selling counterfeit precious metals.

3 There are alloy bars and coins.

4 Very often private dealers try to find innocent purchasers and cheat them.

g. Complete the sentences:

1 The four important precious metals

2 They are used for various purposes

3 Besides gold is used..................

4 Actual gold is used..................

5 The most popular bullion coins......

Sum up what the text says about:

• gold

• the ways of buying gold

• bullion coins

• other precious metals

Дата добавления: 2015-09-06