Probably the most well-known chemical element is gold. Its prominence is given by some of its properties. Beside shiny, it is also very malleable and ductile. Its rarity has made it even more valuable. Before the recorded history, the precious metal became row material for jewelry and coins. Today, this chemical element is still remarkably valuable. Its possession confers prestige. The yellow metal may be seen in a variety of forms, but gold holders seem to be attracted especially to bars or bullion.
Among crude oil, coal, coffee beans etc, gold is a commodity. This means its value is not very much affected by the changes in the evolution of global economy. Still, the contrary is not impossible. Usually, people tend to invest in gold when the general economic view does not look very comforting and especially when inflation is very probable to occur. In other economists' opinions, the valuable, yellow metal is not a proper tool in the fight against currency depreciation.
The economy at a global scale was impacted by the events in the Middle East. Although predictions have been made regarding the consequences of those happenings, no one could tell exactly what the future would bring. There is no news in the fact that the social movements affected the price of oil. But this upward course was also reflected in the prices of silver and gold, which rose 20 per cent. Although the value of gold has been rising in the last years, after the events in the Middle East and North Africa, it has reached a new peak. The worries have been augmented by possible uprisings in Saudi Arabia and Iran. Nobody could predict with accuracy whether these new events would be violent or not, but turmoil in Saudi Arabia was something no one wished for. Since the Arabian country is an important oil producer, any instability could be reflected by the price of petroleum and lead to a world crisis. All these worries are meant to influence the decisions people make when they are considering investing in the precious shiny metal.
Whenever the worldwide economic situation is likely to take an unwanted path, people become cautious. They have always feared the unknown. The results of what happened in the Middle East could not be precisely predicted. Anyway, everybody knew one thing for sure: the economy of the world would be affected. Consequently, people turned to safer investments such as gold. This is what determined the gold market to continue its functioning while other markets were fighting against stagnation.
Although on a different continent, the problems of the European Union also affect global economy. Greece's liquidity issues, for instance, are well-known. This type of events may also lead to a series of uncertainties and shopping for gold. Investments in gold coins are still highly rated because of the high percentage of their purity.
Among crude oil, coal, coffee beans etc, gold is a commodity. This means its value is not very much affected by the changes in the evolution of global economy. Still, the contrary is not impossible. Usually, people tend to invest in gold when the general economic view does not look very comforting and especially when inflation is very probable to occur. In other economists' opinions, the valuable, yellow metal is not a proper tool in the fight against currency depreciation.
The economy at a global scale was impacted by the events in the Middle East. Although predictions have been made regarding the consequences of those happenings, no one could tell exactly what the future would bring. There is no news in the fact that the social movements affected the price of oil. But this upward course was also reflected in the prices of silver and gold, which rose 20 per cent. Although the value of gold has been rising in the last years, after the events in the Middle East and North Africa, it has reached a new peak. The worries have been augmented by possible uprisings in Saudi Arabia and Iran. Nobody could predict with accuracy whether these new events would be violent or not, but turmoil in Saudi Arabia was something no one wished for. Since the Arabian country is an important oil producer, any instability could be reflected by the price of petroleum and lead to a world crisis. All these worries are meant to influence the decisions people make when they are considering investing in the precious shiny metal.
Whenever the worldwide economic situation is likely to take an unwanted path, people become cautious. They have always feared the unknown. The results of what happened in the Middle East could not be precisely predicted. Anyway, everybody knew one thing for sure: the economy of the world would be affected. Consequently, people turned to safer investments such as gold. This is what determined the gold market to continue its functioning while other markets were fighting against stagnation.
Although on a different continent, the problems of the European Union also affect global economy. Greece's liquidity issues, for instance, are well-known. This type of events may also lead to a series of uncertainties and shopping for gold. Investments in gold coins are still highly rated because of the high percentage of their purity.
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If you wish to invest in gold, take into account the Gold Bullion coins, which have a purity of 99.9%.
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