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Buying Gold - The Logic
Humans have been fascinated by gold for thousands of years, by the way it never tarnishes and by its unique color. Sadly, gold is useless in engineering terms, except for plating electrical contacts, to ensure they never tarnish and lose their conductivity. The metal is too soft, with too low a tensile strength to be used for much besides necklaces and rings. As an investment though, gold is a different story altogether. Why do people buy gold? It has zero intrinsic value. Gold prices fall and rise, according largely to the degree of fear that people have about the future. When war is imminent gold prices soar. When economic conditions are good, inflation low and employment rate high,...
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Has Gold Topped Out for Now?
Gold is at a current high and some people believe it is topped out. Does this mean you should cash in your gold now and collect on the increase in your investment? It could be after all Gold did nothing for quite a few years and now look at it today. Are we at the top of the gold market now? Many people believe the gold is a smart investment because other investments are on shaky ground. We have a little correction in the stock market and real estate is also questionable too. Many also believe the Chinese currency to be on uneven footing. Even with the bank of China going public some people feel that perhaps things are not so well in China and that many of the loans that were made...
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Is Silver about to make a Spectacular Comeback?
Rumour has it that Silver is on the comeback trail and about to awaken from the slumber it's had for most of the past two decades. Could this be fact or fiction? For some of the pro-silver market specialists, such an event is not only possible, it's an unstoppable certainty! What makes them so confident when silver has floundered in the financial wilderness for so long? Some reasons put forward by market commentators include:  The accumulation of vast silver assets by prominent business tycoons.  The buy-back of a huge silver hedge book.  Official interference in the market that's about to end.  Suggestions of market manipulation. Serious stuff,...
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