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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.

Why Gold's Pullback Is A Buying Opportunity (GLD)

From Mike Burnick: Our Edelson Institute cycles forecasts are right on - again. Earlier this year, they signaled the recent gold surge. More recently, they nailed the gold price correction underway. And I have every reason to believe that our forecast ...

Published:  Sat, 23 Sep 2017 13:10:00 GMT



Seven reasons to sell gold now

Gold bugs have been feeling vindicated in 2017, with the precious metal recently reaching its highest level in about a year. And while the S&P 500 Index (SNC:SPX) has gone on a 12% run since Jan. 1, this year's return for gold (CNS:GCZ7) has actually ...

Published:  Thu, 21 Sep 2017 07:06:00 GMT



Gold: Volatile, But Still A Buy

Gold prices are increasingly volatile. This is due to differences in Fed policy, and economic realities. Although the metal could remain volatile in coming months, its long-term trend remains up. The SPDR Gold ETF (GLD) has gotten more volatile in recent ...

Published:  Sat, 23 Sep 2017 07:50:00 GMT



Marin Katusa: ACCELERATING De-Dollarization - Buy Gold BEFORE the Crisis and Panic

Global strategist Marin Katusa is the New York Times best selling author of The Colder War, which details the geo-political power shift that threatens the global dominance of the United States. He's also a well known resource hedge fund manager who ...

Published:  Fri, 22 Sep 2017 06:10:00 GMT



Why I didn't sell Gold and Silver in 2011

I'd like to share a personal investment tale with you, the origins of which go back a ways. I became involved in physical precious metals/futures trading in 1972 after reading Harry Browne's book, How to Profit from the Coming Devaluation. Not unlike David ...

Published:  Wed, 20 Sep 2017 01:00:00 GMT



Top Analyst Says Buy Any Gold Pullback as Risks Mount

If there was ever any doubt that President Trump and the United States are back on the center stage of world influence, that was put to rest this week when the president spoke in some of the strongest terms used at the United Nations since Ronald Reagan.

Published:  Thu, 21 Sep 2017 07:10:00 GMT



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