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Why Gold Buying Has Become So Popular

In these uncertain economic times, investors aren't sure where to put their money. The world stock market has been unstable at best for the last couple of years, with investors struggling from one day to the next to determine where to place their assets for the best return.

But there's one investment that seems to be defying the odds: gold.

Just like the Klondike Gold Rush of 1898, it seems like everyone and their brother is trying to cash in on the resurgence in the popularity of gold. And with trend of gold prices rising and setting record highs, it's easy to see what the fuss is all about.

However, it's important to note that gold hasn't just recently gained popularity. It has been a hot commodity for over 5,000 years. In fact, it was the source of quite a bit of controversy in the 1930s, when President Franklin D. Roosevelt signed into law Executive Order 6102, which forbade the "Hoarding of Gold Coin, Gold Bullion, and Gold Certificates with the continental United States". In essence, the executive order made it a criminal act for an individual, partnership, association or corporation to possess monetary gold.

With times being hard, Americans stockpiled gold in all its forms to help provide some financial stability. However, FDR's executive order required all Americans to turn over to the U.S. Federal Reserve all but a small portion of their private gold stores. Failure to follow the order resulted in up to 10 years in prison, or a fine of roughly $10,000.

Americans who did not want to turn over their excessive amounts of gold often chose to instead transfer it to other countries for safe keeping.

However, most Americans fell out of love with gold in the 1960s. It has only been within the last five years that gold has experienced a resurgence in popularity and in value thanks to a recession and the slow economic recovery that followed.

Commercials promising the most "bang for your buck" with the purchase of or investment in gold flooded television and radio stations. With a growing recession and the U.S. Dollar continuing to decline in value, Americans wanted something that would be valuable, even as the value of their paper currency continued to nose dive. With interest rates bottoming out and the federal government losing faith in the value of its own currency, the gold rush of the new millennium raced ahead full steam.

Just as people are investing in gold, a number of businesses designed specifically for buying gold also have gained popularity in the last couple of years. With promises of providing cash on the spot for unwanted gold, many people have been tempted to sell off their unwanted gold jewelry to earn some greenbacks. So the "gold buying frenzy" has gone both ways.

PRECIOUS-Gold up on safe haven buying after U.S. govt shutdown

Jan 22 (Reuters) - Gold prices edged up on Monday amid a softer dollar as investors sought safe haven assets after the U.S. government shutdown due to a funding impasse. * Spot gold fell 0.5 percent last week, its first weekly decline in six weeks.

Published:  Mon, 22 Jan 2018 13:16:00 GMT



Hedge Funds Still Buying Gold, But Momentum Is Fading

(Kitco News) - For the fifth consecutive week, hedge funds continue to buy gold in a weak U.S. dollar environment. However, while there is substantial bullish sentiment within the gold market, analysts are warning that momentum could be fading as bearish ...

Published:  Mon, 22 Jan 2018 06:42:00 GMT



Hushpuppi Celebrates After Buying a Customized Gold Plated N2milion iphone X (photos)

As Big boy who doesn't settle for the Less Instagram star Hushpuppi just proved that his still ontop of his game, as he just bought a customized Gold plated N2.4million Iphone X.. As you know the normal one is cost about 499,000, but since it's getting ...

Published:  Mon, 22 Jan 2018 06:53:00 GMT



This is Where I'm Buying Gold This Week

Last week, gold consolidated within the overall uptrend this market has been in since late December of last year. Our views remain unchanged from recent weeks; we are looking to get long (buy) gold on a price action signal after a rotation lower back ...

Published:  Sun, 21 Jan 2018 16:27:00 GMT



CoT Report: GBP Speculative Long Largest Since 2014, More Gold Buying

Price behavior analysis, short to intermediate-term trade set-ups. The most recent Commitment of Traders (CoT) report showed large speculators adding to their net-long in GBP established at the beginning of December, with the current holding the largest ...

Published:  Mon, 22 Jan 2018 11:28:00 GMT



The Best Gold Stock to Buy in 2018 Is 2.6X More Profitable Than Gold

A gold bull market is underway. In fact, Money Morning Resource Specialist Peter Krauth predicts gold prices will hit $1,500 by the end of 2018 and could surge more than 300% by 2020. That's why today we'll show you our best gold stock to buy in 2018.

Published:  Fri, 19 Jan 2018 11:55:00 GMT



Disney World to Sell Rose Gold Minnie Mouse Cupcakes

Last summer, Disney unveiled rose gold Minnie Mouse ears - AKA Instagram's favorite resort accessory. And just a few weeks ago, the Happiest Place on Earth added rose gold spirit jerseys to the collection (so you can have a full photo-ready outfit, of ...

Published:  Sun, 21 Jan 2018 11:38:00 GMT



Could Gold Stocks Be the Big Story in 2018

If the recent downtrend in the dollar continues through 2018, gold could extend its gains. What about the fear trade Save-haven buying can give gold a boost, as we briefly saw last year when the North Korea situation was hitting the headlines on a regular ...

Published:  Mon, 22 Jan 2018 05:50:23 GMT



For Americans Buying Gold and Silver: Still a Big U.S. Pricing Advantage

Two years ago in this space, I penned an essay discussing how Americans - and other countries that are "dollarized" - where the local currency is either the USD or pegged to it - had a significant advantage when it came to getting the most for their money ...

Published:  Thu, 18 Jan 2018 22:12:00 GMT



Gold Gains In Asia As Weaker Dollar Trend Aids Buying Sentiment

Investing.com - Gold prices rose in Asia on Tuesday as the market shrugged off signs of tighter monetary policies ahead for the Bank of Japan and European Central Bank and took advantage of a weaker dollar trend to buy the greenback-denominated commodity.

Published:  Tue, 16 Jan 2018 02:23:00 GMT



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