Many People Are Buying Gold For Safety
The stock market has been responsible for so many people losing so much money in the last several years that one wonders how gold has performed. The current gold price indicates that anyone who has had money in gold has done much better than those that have had their money in stocks. Gold is seen by many as a hedge against uncertainty and these have been uncertain times for sure.
Anyone who doesnt have gold in their portfolio might take a look at it to see if it might be an option. The stock market has made a slight rebound and yet one has the feeling that stocks could start to head back down again anytime. The world economy has not made a recovery and more bad news could be around the corner causing stocks to plummet again.
The one thing to note about the gold price over time is that it has never gone to zero. Gold has been considered valuable for many thousands of years going back to the ancient Egyptians and further. At no time in history was gold not valuable and for this reason many people buy gold as a safe investment. With the economy being what it is and the stock market in free fall for so long, gold seems to be one of the places one might put some of their money for safety. If the economy does not recover soon, gold will become one of the most popular places for people to have their investment cash.
It might be asked why the price of gold has not gone up more than it has in this time of extreme economic uncertainty. Those who have held gold for the last several years have been able to avoid the perils of the stock market but one would have though gold might have actually gone up significantly rather than pretty much treading water at the same price. It might be due to many investors having to cash in their gold positions in order to pay off other debts.
Usually it is fine to invest in gold stocks or ETFs that are easier than actually collecting the physical gold. However, there has recently been a rise in interest in the real thing such as gold coins and gold bars because many people no longer trust any financial institutions. People have become wary of big business and all the shenanigans that seem to go on which leaves us normal investors out in the cold. Gold might be the answer for a little much needed security. - 23217
Anyone who doesnt have gold in their portfolio might take a look at it to see if it might be an option. The stock market has made a slight rebound and yet one has the feeling that stocks could start to head back down again anytime. The world economy has not made a recovery and more bad news could be around the corner causing stocks to plummet again.
The one thing to note about the gold price over time is that it has never gone to zero. Gold has been considered valuable for many thousands of years going back to the ancient Egyptians and further. At no time in history was gold not valuable and for this reason many people buy gold as a safe investment. With the economy being what it is and the stock market in free fall for so long, gold seems to be one of the places one might put some of their money for safety. If the economy does not recover soon, gold will become one of the most popular places for people to have their investment cash.
It might be asked why the price of gold has not gone up more than it has in this time of extreme economic uncertainty. Those who have held gold for the last several years have been able to avoid the perils of the stock market but one would have though gold might have actually gone up significantly rather than pretty much treading water at the same price. It might be due to many investors having to cash in their gold positions in order to pay off other debts.
Usually it is fine to invest in gold stocks or ETFs that are easier than actually collecting the physical gold. However, there has recently been a rise in interest in the real thing such as gold coins and gold bars because many people no longer trust any financial institutions. People have become wary of big business and all the shenanigans that seem to go on which leaves us normal investors out in the cold. Gold might be the answer for a little much needed security. - 23217
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posted by X - Men @ 2:00 AM
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