The Pros And Cons Of Returning To The Gold Standard
The dire state of the economy is forcing world leaders to seriously consider a return to the gold standard for the first time since it was dropped in 1971. It would essentially mean that nations around the world would agree to fix the prices of their currencies in terms of a specific amount of gold. For example, gold could be set at $2,000 an ounce so $200 would be 1/10 of an ounce of gold.
Saving Gold May Be More Trouble Than It’s WorthThe recent trend suggests that gold is extremely volatile right now. From hitting the dizzying heights of more than $1,900 per ounce in August, gold started to fall drastically. Investment terminology described it as a ‘correction’ but this was bad news for investors, especially since experts predicted that gold would surpass $2,000 an ounce by the end of 2011. As of November 22, 2011, gold is at approximately $1,700 an ounce, a long way shy of this target. So the question is: Should you hang on to your precious metal and wait for the price of gold to rise or is it best to sell with the market being so unpredictable? Essentially, is holding on to gold more trouble than it’s worth?
What Are All These Gold Buyers Doing With the Gold?If you have been paying attention over the past couple of years, there are thousands of companies that are actively trying to buy old, unwanted scrap gold from consumers around the world. You’ve probably listened to your fair share of commercials featuring testimonials that usually go something like “I got $500 for my scrap gold.” Perhaps you’ve begun to wonder what these gold buying companies are doing with the gold. In fact, some folks think that it’s a government conspiracy and that the gold buyer is actually a secret agent working for Uncle Sam, sent to buy up all the planet’s gold for some unperceivable reason that has yet to be revealed.
How a Weak Dollar Affects Gold PricesGold prices seem to be unstoppable, but the U.S. dollar continues to dip. How does the weakening dollar affect the price of gold? You may have heard it said that bad news for the economy is always good news for gold prices. And that seems to be true. When the U.S. dollar begins to fall in value, gold prices go up. To understand the see-saw effect that the weak dollar has on the price of gold, it is important to understand the relationship that the two have shared over the years.
The Money of the Wild West: The Morgan Silver DollarWhile looking at the silver market and where to invest, I discovered a coin with an excellent investment outlook with ties back to the wild wild west. The coin is the Morgan Silver Dollar.
Things to Note Down Before Investing in SilverAfter gold, one of the most precious metals where people prefer to put their money is silver metal. It is many a time referred to poor man’s metal because of reasonable pricing and the future scopes. Because of increasing inflation and uncertainty of a particular monetary system, many investors are happy to invest in silver where they feel guaranteed of good returns.
United States Silver Eagle CoinUnited States silver eagle coins are considered one of the most beautiful collectible silver coins in the U.S. These can be purchased either as a collectible item, or as an investment.
How To Make Quick Money In 2012 – Hosting Gold PartiesIn today’s unstable economy, it is wiser to invest in gold than in the stock market. Investing in gold and selling it when the price shoots up can be an easy way to make quick money.
Buying Precious Metals for InvestmentBuying precious metal is becoming a growing trend lately. Investing in precious metals is a very sensitive choice that does have some risk as you may never know when there will be fluctuations in the prices. It is also one of the smartest.
Save 50 Percent Buying Jewelry Online – Your MUST-KNOW GuideBuying online seems like such a no-brainer these days. It’s easy to do, there are plenty of sites to choose from and it’s convenient. Buying items such as clothing and shoes seems pretty simple and straightforward. But what about expensive jewelry? If you’re going to plunk down hundreds to thousands of dollars on a piece of jewelry, how can you be sure you’re getting the same quality you would expect at a brick-and-mortar store?