This has been an odd week. The price of gold has taken some hard hits. How come? Because investor sentiment is bullish for greener pastures. In other words, they feel suddenly optimistic about the chances of making more money by selling gold and investing in the stock market. Why do they feel that way? Well, …
Ten years ago Chinese investment gold demand – demand not related to jewelry, etc – was about 3 to 4 tons a year. By 2009 it had grown to 45 tons. Shen Xiagrong, chairman of the Shanghai Gold Exchange, recently revealed that China’s gold imports had rocketed almost fivefold so far this year, to 209 …
The British Gold Sovereign was first produced in 1489, and has been minted on and off ever since. Its major claim to fame is that is has been used repeatedly as survival currency during times of war. During WWII, British spies would have sovereigns sown into their clothes when dropped behind enemy lines. The sovereigns …
People who own gold and people who invest in the stock market have fundamentally different goals. Gold owners are protecting a proportion of their wealth in a form that is physical, in their possession, and will always hold value. Investors put money into stocks and bonds in the hope of making big profits. But here …