Despite the worldwide economic slowdown, gold investment worldwide has grown dramatically in the last five years.
Investors generally buy gold as a hedge or safe haven against any economic, political, social, or fiat currency crises, including investment market declines, burgeoning national debt, currency failure, inflation, war and social unrest. Investors buy gold to protect their savings from inflation and currency shocks.
Consequently, the demand for these precious metals is experiencing explosive growth, which in turn drives up their price.
Throughout history gold has been the benchmark for evaluating the worth of currencies, and today gold bullion investments are universally recommended to hedge against declining value in stocks, bonds, and currency.
Sep ’16 Vendetta has Zinc in Australia Bob Moriarty 321gold
26 Sep ’16 SBBBS This past week in gold Jack Chan 321gold
Tue, 27 Oct 2015 20:45:25 -0400 Indonesia To Limit Freeport-McMoRan Unit Sale To Local Investors Indonesia plans to restrict the sale of a¬†10.6 percent stake in the local unit of Freeport-McMoRan, the world's biggest publicly traded copper producer, to local investors, the¬†Jakarta Globe reported. The Elizabeth, New Jersey, company is selling the stake in Freeport Indonesia as part of a deal with the government to¬†extend¬†its contract to operate a copper and gold mine in Papua province.
Sat, 22 Aug 2015 13:33:57 -0400 Gold-Industry Analysts Expect Price To Rise Over Fear Of Currency War PANAJI, India -- Gold prices could rise above $1,200 an ounce in the next few months as fears of a currency war after the devaluation of the yuan make equity markets choppy, boosting the buying of physical gold and related exchange-traded funds, leading industry analysts said at a conference. The metal has already rebounded about 8 percent from July's 5 1/2-year low, fueled by minutes of the American Federal Reserve‚Äôs last policy meeting, which dented expectations for an imminent rise in U.S. interest rates. Spot prices hit a peak of $1,168.40 Friday.
Thu, 30 Jul 2015 17:20:45 -0400 US Sending Eight F-16 Fighter Jets To Egyptian Military The United States will deliver eight F-16 fighter jets to Egypt in an effort to help¬†the country fight extremism and to bolster security in the region, according to a statement on Thursday¬†from the U.S. Embassy in Cairo. The aircraft¬†are part of a $1.3¬†billion plan to upgrade Egypt's military amid increased extremist threats.
Mon, 20 Jul 2015 21:02:07 -0400 Gold Plunges To Five-Year Lows After Early Asia Rout Gold prices plunged more than 4 percent to five-year lows on Monday as a sudden bout of selling across Shanghai and New York markets during the illiquid early Asian trading hours triggered a mini flash crash, deepening bullion's biggest rout in years.
A wave of sell orders in a one-minute period shortly after the Shanghai Gold Exchange opened on Monday sent the most-active U.S. gold futures contract GCv1 down $48 to as low as $1,080 per ounce, its weakest since February 2010.