Thursday, May 5, 2011

Pot of Gold

Historically, people have bought gold jewelry and coins as gifts and for investments. I just want to share some trivia about gold. Gold has always had a real value, and the monetary system used to be tied to gold deposits, meaning the government had to have enough gold in supply to cover the amount of currency that it had disbursed into the general public. Those days ended many years ago, but gold is still bought by investors as a hedge against inflation.

Gold spot increases in value as inflation increases and as the value of the dollar decreases. The price of gold has increased significantly in the past 10 years while the dollar has plummeted. The dollar is projected to continue falling, which should lead to the gold price increasing. You can still buy gold for gifts, but more people than ever are buying gold as an investment.

You can learn more about gold prices and other interesting information about gold at Photocredit: Google search images

No comments:


Related Posts with Thumbnails