Gold is malleable, a great conductor of heat, and is unaffected by air, water or most chemicals. Because of its hardy nature, gold really does seem to last forever. For thousands of years people have used gold as a currency. In ancient times people would trade gold for various items such as fine clothes and food. This has not changed over the centuries. You may not know this but gold is even used in medicine including for research purposes and in some cancer treatments.
Despite the enormous changes between the very first cultures who used gold, and our modern society, gold itself has not changed at all. We still mine it in roughly the same manner, and produce gold coins and blocks that someone from the middle ages would have recognised. What's fantastic at the present time is that if you own a credit card or PayPal account, you too can trade gold with the big brokers online. The generation of new wealth today is largely information based. We have the ability to gather, consume and analyze far more data in a single 24 hour period than all previous generations could assemble in a week.
Along with property, owning your very own stockpile of gold has always been seen as a measure of wealth in societies throughout the world. Individuals with money have always known that the price of gold will continue to increase at variable rates over periods of decades. Because of its stability it has always been a safe place to invest your money when the local and global markets took a turn for the worse or government policy or activity rattle the broader markets. With the recent global problems in mind, it seems that more than ever people should re-consider buying and selling gold for profit.
Gold has kept its value despite the recent issues with the world's financial markets, and the high levels of debt that countries - particularly in Europe - have disclosed. When economic data turns positive, which in turn increases the likelihood of rate rises, investors will get out of securities that no longer earn an acceptable level of interest. People will then sell gold and the price will fall. Smart traders will be keeping a close watch on asset valuations as the western world begins to slowly emerge from its latest period of economic downturn, but it is now straddled with massive debts. One must think that with outrageous levels of foreign debt and never before seen levels of unemployment for most western countries that precious metals and safe investments are going to be a good asset over the long term despite maybe some short term drops.
Fiat currencies are now pretty much the standard internationally as very few countries back their money with gold and prefer to have more control over the value of their money supply. Throughout the 20th century there were many failed fiat currencies because of inflation and high foreign debt levels and each of these countries struggled to recover economically from their bankruptcy and the loss of confidence of their trading partners. Even the mighty Roman Empire had its fiat currency fail during the height of its power. Before continuing with a new currency, debt was largely cleared and the new currency underwritten with increased stocks of gold.
Despite the enormous changes between the very first cultures who used gold, and our modern society, gold itself has not changed at all. We still mine it in roughly the same manner, and produce gold coins and blocks that someone from the middle ages would have recognised. What's fantastic at the present time is that if you own a credit card or PayPal account, you too can trade gold with the big brokers online. The generation of new wealth today is largely information based. We have the ability to gather, consume and analyze far more data in a single 24 hour period than all previous generations could assemble in a week.
Along with property, owning your very own stockpile of gold has always been seen as a measure of wealth in societies throughout the world. Individuals with money have always known that the price of gold will continue to increase at variable rates over periods of decades. Because of its stability it has always been a safe place to invest your money when the local and global markets took a turn for the worse or government policy or activity rattle the broader markets. With the recent global problems in mind, it seems that more than ever people should re-consider buying and selling gold for profit.
Gold has kept its value despite the recent issues with the world's financial markets, and the high levels of debt that countries - particularly in Europe - have disclosed. When economic data turns positive, which in turn increases the likelihood of rate rises, investors will get out of securities that no longer earn an acceptable level of interest. People will then sell gold and the price will fall. Smart traders will be keeping a close watch on asset valuations as the western world begins to slowly emerge from its latest period of economic downturn, but it is now straddled with massive debts. One must think that with outrageous levels of foreign debt and never before seen levels of unemployment for most western countries that precious metals and safe investments are going to be a good asset over the long term despite maybe some short term drops.
Fiat currencies are now pretty much the standard internationally as very few countries back their money with gold and prefer to have more control over the value of their money supply. Throughout the 20th century there were many failed fiat currencies because of inflation and high foreign debt levels and each of these countries struggled to recover economically from their bankruptcy and the loss of confidence of their trading partners. Even the mighty Roman Empire had its fiat currency fail during the height of its power. Before continuing with a new currency, debt was largely cleared and the new currency underwritten with increased stocks of gold.
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