The end of this quarter was nothing short of amazing: the dollar plunged once again, in the context of a reviving Euro at the news of the Irish central bank that its largest banks would have to find only 24 billions Euro, much less than foreseen. What also undermined the dollar was the news coming from the ECB, regarding its pending increase in interest rates, meant to revitalize the rival Euro. That is why the dollar index decreased by some 0.34%, pushing promptly up gold prices. As such, on the New York Mercantile Exchange, gold rates for June delivery were circa 1,452 dollars per ounce, increasing thus by 19.50 dollars.
Feeling threatened not only by the continuance of debt crises in Europe, but also by the unfortunate political events in the Middle East, investors resorted to amassing gold as a reliable antidote, After all, gold has a famous track record as a safe haven, being always overbought in times of war, financial crises or economic troubles, all here today. No wonder then that gold market rates have reached new highs, or that they will continue to do so in the near future at least.
It seems that China was not the only one to think of an increase in interest rates, in order to fight inflation. As said, the ECB is to be next, and even the Federal Reserve has some intentions in this respect, all these indicating the severity of inflation. In this context, a substantial increase in oil rates may be quite fatal for economies.
Under these circumstances, precious metals seem, obviously, a better choice for investors than clearly volatile fiat currencies or as volatile and expensive bonds and stocks. If, further, the returns on the latter have no chances to counterbalance the related risk and galloping inflation, as currently the situation, investors are only sensible, if trying to get high returns by trading gold.
Gold bullion bars or coins are both safe investment vehicles, if you want something tangible and posing fewer risks than bank assets. While, presumably, bars don't carry significant premiums, can be easily forged (especially if large) and need to be re-assayed, gold coins bring their holder some premiums, are not as often faked, and can be easily weighted and evaluated. Well, if you want really high returns and you have enough money to invest big, you'd certainly need some technical analysis, but you don't have necessarily to make it yourself. You can always consult specialists, in order to increase your chances when speculating on future gold prices.
Feeling threatened not only by the continuance of debt crises in Europe, but also by the unfortunate political events in the Middle East, investors resorted to amassing gold as a reliable antidote, After all, gold has a famous track record as a safe haven, being always overbought in times of war, financial crises or economic troubles, all here today. No wonder then that gold market rates have reached new highs, or that they will continue to do so in the near future at least.
It seems that China was not the only one to think of an increase in interest rates, in order to fight inflation. As said, the ECB is to be next, and even the Federal Reserve has some intentions in this respect, all these indicating the severity of inflation. In this context, a substantial increase in oil rates may be quite fatal for economies.
Under these circumstances, precious metals seem, obviously, a better choice for investors than clearly volatile fiat currencies or as volatile and expensive bonds and stocks. If, further, the returns on the latter have no chances to counterbalance the related risk and galloping inflation, as currently the situation, investors are only sensible, if trying to get high returns by trading gold.
Gold bullion bars or coins are both safe investment vehicles, if you want something tangible and posing fewer risks than bank assets. While, presumably, bars don't carry significant premiums, can be easily forged (especially if large) and need to be re-assayed, gold coins bring their holder some premiums, are not as often faked, and can be easily weighted and evaluated. Well, if you want really high returns and you have enough money to invest big, you'd certainly need some technical analysis, but you don't have necessarily to make it yourself. You can always consult specialists, in order to increase your chances when speculating on future gold prices.
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