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      June 18, 2019

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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.

Gold Bulls: Inside The Bear's Jaw

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Published:  Mon, 17 Jun 2019 08:18:00 GMT



Osisko Gold Royalties Ltd (TSE:OR) Insiders Have Been Selling

So shareholders might well want to know whether insiders have been buying or selling shares in Osisko Gold Royalties Ltd (TSE:OR). It is perfectly legal for company insiders, including board ...

Published:  Mon, 17 Jun 2019 07:37:00 GMT



Should Investors Buy Barrick Gold Stock?

It seems as though demand for gold is getting stronger, both because we're heading into an election cycle with a president who's very unpredictable and because the economic news isn't nearly as strong ...

Published:  Thu, 13 Jun 2019 08:40:50 GMT



Gold is prime for a bigger breakout, according to these charts

Why this pro would buy gold and why he's not now Talk about shine. Gold surged to 14-month highs last week amid uncertainty about the fate of U.S.-China trade relations and the U.S. Federal Reserve's ...

Published:  Sat, 15 Jun 2019 15:00:00 GMT



Former Gov. James R. Thompson sells Gold Coast condo for $1.5 million

3,515-square-foot condominium unit on the 34th floor of the Gold Coast's Bristol building for $1.5 million. The sale brought to a close the couple's multiyear effort to sell the unit in the Bristol, ...

Published:  Mon, 17 Jun 2019 06:43:00 GMT



Gold falls Rs 100 on subdued jewellers' buying

New Delhi, June 17 () Gold prices Monday fell by Rs 100 to Rs 33,620 per 10 gram in the national capital due to subdued demand from local jewellers and a weak trend overseas, according to the All ...

Published:  Mon, 17 Jun 2019 03:11:00 GMT



Highland Gold Mining (LON:HGM) Shareholders Have Enjoyed An Impressive 154% Share Price Gain

You can find out about the insider purchases of Highland Gold Mining by clicking this link. If you like to buy stocks alongside management, then you might just love this free list of companies. ...

Published:  Mon, 17 Jun 2019 03:12:00 GMT



Why this pro would buy gold and why he's not now

Data is a real-time snapshot *Data is delayed at least 15 minutes. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. ...

Published:  Thu, 13 Jun 2019 02:11:00 GMT



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