is a world-leading consumer product review site. We provide detailed reviews and ratings for thousands of products and services.


Go To Reviews >

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.

Go To Reviews >

Top Consumer Reviews Articles provides unique articles that you won't find anywhere else on the internet. These articles are designed to help you make the most informed decisions possible.

Buying Gold In The News

Why Buying Gold Is A Non-Expiring Hedge

The prices of the metals rose, gold by +$11 and silver by +$0.25. The question on everyone's mind (including ours) is: what will cause a change in the gold price trend, or what will make gold ...

Published:  Wed, 21 Nov 2018 07:57:00 GMT

Buy Gold Stocks And ETFs While They're Still Cheap

Investors should buy gold stocks and ETFs. Higher interest rates bode well for gold prices. Gold provides a hedge during the pending recession. Editor's note: Seeking Alpha is proud to welcome ...

Published:  Wed, 21 Nov 2018 00:24:00 GMT

Best Black Friday 2018 Deals On Xbox Live Gold: Cheapest Ways To Buy A Subscription

Black Friday is very nearly here, and so we already know most of the deals we can expect. As tends to be the case, this will be perhaps the best time of the year to pick up an Xbox Live membership, th...

Published:  Wed, 21 Nov 2018 13:43:00 GMT

There's only one color you should consider if you're thinking about buying the iPhone XS

Finally, you've decided: you are in for the top of the line, the XS. Now comes the hard part: what color do you buy I've been using the iPhone XS Max in gold for the last week or so, and if you ask m...

Published:  Wed, 14 Nov 2018 13:19:00 GMT

Buy Gold Futures or Pick a Gold Mining Stock

The weekly chart for the gold futures contract is negative, with the precious metal contract below its five-week modified moving average of $1,216.0 and below its 200-week simple moving average of $1, ...

Published:  Tue, 13 Nov 2018 07:57:00 GMT

S5000 set for prestigious Gold Star status

The CAMS Gold Star, awarded to the Australian Drivers ... The final decision is likely to rest on whether S5000 organisers can sell enough cars to get a grid together for its inaugural 2019 ...

Published:  Wed, 21 Nov 2018 17:00:00 GMT

'Big Joe' Clark column: What you should know before buying gold

Gold is often viewed as a safety net to protect investors from currency meltdowns. This perspective reasons that paper cash may lose its value, but gold will always be the "gold standard." You may not ...

Published:  Sun, 18 Nov 2018 07:11:00 GMT

Investors Should Buy Nvidia Stock

a buying opportunity has begun to emerge. Yes, a crypto selloff has flooded the market with chips, and, as a result, NVDA will suffer in the near term. However, with that modern-day gold rush ...

Published:  Wed, 21 Nov 2018 09:26:00 GMT

The Price of Gold Just Hit a Major Turning Point

So with gold recently testing lows last seen at the start of 2017, sentiment has clearly been crushed. But central banks have been buying aggressively, while gold-backed ETF holders have held steady.

Published:  Mon, 19 Nov 2018 07:51:00 GMT

- View Full Site -