April 24, 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.

Global Supply/Demand Deficit And Falling Gold:Silver Ratio To Boost Silver Price And Selected Silver Stocks

buy gold! To be honest the GSR has not been below 40 for about 7 years - the paradigm may well have changed and we'd narrow the parameters somewhat keeping the top level intact but perhaps suggesting that a GSR of 60 or below may be the signal to buy ...

Published:  Mon, 23 Apr 2018 10:52:00 GMT

Buying designer gold jewellery Check out these ideas

Modern women are bending towards unique jewellery pieces which help them create a fashion statement. Invest in pure gold or gold plated jewellery pieces like a choker necklace or vibrant bracelets. Sunil Nayak, CEO at Reliance Jewels; Garima Singh, co ...

Published:  Sun, 22 Apr 2018 16:30:00 GMT

Best Buy's Top Video Game Deals, Ending April 28

If you buy an Xbox One, whether you take advantage of the above deal or not, you can get some bonus discounts. For one, you can save $10 on a 3- or 6-month Xbox Live Gold subscription. You can also save $10 when buying a wireless Xbox One controller.

Published:  Mon, 23 Apr 2018 14:05:00 GMT

PRECIOUS-Gold hits two-week low as U.S. yields approach 3 pct, lifting dollar

A trader in Hong Kong said gold prices were also underpinned by the arbitrage in Asia. Speculators raised their net long or buy positions in COMEX gold by 5,382 contracts to 143,594 contracts in the week to April 17, U.S. Commodity Futures Trading ...

Published:  Mon, 23 Apr 2018 04:16:00 GMT

Why failing to recycle electronics leaves gold mines untapped

Gold is present in nature, and ... You can return your old laptop to the shops where you buy the new one or bring it to the local municipal collection point. If you are in the US, the system is different depending on the state. If you're in California ...

Published:  Mon, 23 Apr 2018 12:54:33 GMT

Gold miner Caledonia plans Zimbabwe expansion

LONDON, April 20 (Reuters) - Caledonia Mining plans to buy gold assets in Zimbabwe and increase its stake in the Blanket mine after the removal of the country's tough ownership rules. Keen to attract investment to revitalise the country's struggling mining ...

Published:  Sun, 22 Apr 2018 23:00:00 GMT

Qiming's New Pot Of Gold, Even More Tencent And Alibaba Deals

The fundraising was no doubt buoyed by 9 IPOs in the past 18 months and some 20 unicorn-valued portfolio companies status such as smartphone maker Xiaomi, group buying site Meituan ... compliant platform for trading gold, has snared its first funding ...

Published:  Mon, 23 Apr 2018 10:51:00 GMT

Does Warren Buffett Invest in Gold

The point is that Warren Buffett invests Berkshire Hathaway's capital in productive assets, and in currency-denominated investments while he's waiting to find more productive assets to buy. He doesn't invest in unproductive assets like gold. While Buffett ...

Published:  Sun, 22 Apr 2018 14:03:00 GMT

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