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      December 15, 2018

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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.

You Can Buy 'Red Dead Online' Gold Bars With Real Money Now, But I Don't Know Why You'd Bother

We all knew it was only a matter of time before Rockstar Games gave Red Dead Online players the option to purchase Gold Bars with real money. That time has arrived. Gold Bars are for sale on Xbox One ...

Published:  Sat, 15 Dec 2018 11:29:00 GMT



Gamers Can Now Buy Red Dead Gold With Real Cash But At What Cost

Eureka! If you are tired of grinding to earn that Red Dead Online Cattleman Revolver or Arabian horse, you are in luck. Gamers can now purchase gold in Red Dead Online with real life currency.

Published:  Sat, 15 Dec 2018 09:16:00 GMT



Red Dead Online's real-money store is live, here's what it costs to buy gold bars

Rockstar Games released a sizable patch today for Red Dead Redemption 2. With that patch, it has also launched the cash storefront for Red Dead Online. Players can now purchase premium currency, calle...

Published:  Fri, 14 Dec 2018 13:04:00 GMT



Gold weakens as haven buying lifts U.S. dollar

A round of weaker-than-expected Chinese economic data was spooking global investors Friday, but failed to provide a lift for gold thanks to a stronger U.S. dollar. Gold for February delivery on Comex ...

Published:  Fri, 14 Dec 2018 04:12:00 GMT



Players Can Now Buy Gold in Red Dead Online with Real Money

Along with Rockstar's most recent update for Red Dead Online, they have now released microtransactions in the game, which come in the form of gold bars. There are six different bundles of gold bars av...

Published:  Fri, 14 Dec 2018 15:40:00 GMT



3 Gold Stocks to Buy As They Continue to Shine Bright

Traders tiring of the volatility laced beatdown in equities are finding a smoother ride in gold and the ecosphere of trades that accompany it. Take gold stocks for instance. When the S&P 500 ...

Published:  Mon, 10 Dec 2018 14:30:00 GMT



Physical Gold Vs. Paper Gold, What Should You Buy

I'll detail the main pros and cons of owning physical gold and physically-backed gold ETFs. I will mainly focus in the physically held gold ETFs, talking about its differences: fees, vault ...

Published:  Thu, 13 Dec 2018 06:50:00 GMT



Gold popcorn and a $2,000 frittata: Five of the most expensive meals money can buy

What's a savings account for if you can't spend it on the things you enjoy most... like food In your years of life and eating, you've probably come across some great food, some horrible food that dar...

Published:  Tue, 11 Dec 2018 12:52:00 GMT



GOLD Remains Sell And Oil Buy On Dips

Gold price faced a solid resistance near $1,250 and recently declined. Crude oil price is placed nicely above the $52.00 support area and it could move higher in the short term. Important Takeaways fo...

Published:  Thu, 13 Dec 2018 21:34:00 GMT



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