What do you think of the gold joke? - page 8
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Gold has always been, is and will always be the only jewel of all time.
Gold is present in many fairy tales, myths and stories.
Gold has been the cause of wars and great achievements.
Gold is awarded to those who come out on top.
Gold has long been regarded as an eternal treasure.
The possessors of the yellow noble metal were in former times respected and powerful in society.
Today, buying gold means making a profitable investment and saving money during negative economic times.
As one of the most stable and solid currencies in the world, gold has long been used as an excellent investment. The metal market has been growing steadily from year to year.
More and more people decide to invest in gold.
This trend has been in evidence since 2008, when leading economists of developed countries admitted that the world was heading for a serious recession.
The increased investment in the precious metal was not a coincidence in 2008. In times of crises when the stock markets are unpredictable, economies are in recession and the level of investments is significantly reduced, many countries are trying to replace a large part of their currency reserves with gold reserves to reduce the risks related to fluctuations of freely convertible currencies.
Due to the fact that the price of gold rises precisely during the global economic downturn, the recession is a time when investing in gold is a must.
Moreover, gold is the most favoured asset among large investors, far ahead of operations involving investments in securities, oil and real estate.
A correlation has been established between the price of gold stocks and changes in the world economy.
Thus it has been found that the price of gold goes up when at least one of the following conditions is fulfilled:
-There is a significant trend in currency movements.
-Increases in stock market indices.
-Country centralbanks are increasing their purchases of precious metals.
-There is a drop in gold production.
Despite the fact that the world produces about two and a half tons of this precious metal a year, its price continues to rise. Naturally, the price of gold is determined by supply and demand. But unlike oil, for example, precious metals do not disappear after extraction and refining; they continue to be kept in private collections and also used as a kind of reserve by central banks and governments. Of course, there were times, when prices for precious metals went down noticeably in the world economy, usually connected with recovery of national economies from recession and improvement of investment climate.
However, in the long term gold is an ideal investment. During the past ten years the value of one gram of gold bullion has risen by more than 300%. At the same time, the yield of gold over the past period has only twice remained close to zero (adjusted for inflation), and in most cases far exceeded bank deposit rates. Therefore, investing in gold is undoubtedly profitable in the long term!
Furthermore, the price of gold is constantly rising, and in the course of 2011 the value of the precious metal set an all-time record four times. On 10 August 2011, gold futures at $1800 per troy ounce were traded on COMEX. After 13 days, a new record was set - one troy ounce of gold bullion could be sold for $1911.46...
Let's just say... it's a matter of the next five years. The base is there (blockchain technology) and hundreds of start-ups are developing it hard right now.
And yet, Andrei, how do nanotubes threaten gold?
The question hangs in the air.
From 22 December 2014, fluctuations in precious metals rates, which have not actually been free from interference, will be strictly limited in US markets. Consequently, the value of the dollar expressed in gold officially becomes a constant, although in practice it will be impossible to get a single ounce of gold for any mountain of dollars.
The beginning of the end ?
What are the views?
It's going upside right now