Why Does Gold Still Glitter In Financial Market?
Gold has been the investment darling for years
. Its high value and stability to hold on to a decent price even during inflation or crises, makes it an ideal instrument for investment. All the leading economists state that gold still glitters and will be glittering in the financial market. In a recent article about the European economics, New Frontier Advisors entitled,
Gold as a strategic asset for European investors. And it was also mentioned that, We believe that the relevance of gold as a strategic asset is likely to continue to grow in a world characterised by sluggish economic performance, poor investment returns, currency wars and high individual and systemic risk. Gold has unique properties which can protect European investors portfolios against the systemic risks being faced. Europe, being one of the strong leads in the financial market, can be counted on its words. Gold has its speciality, which especially lies in its stability to hold tight during the bad times.
Inflation is the crisis when your money loses its purchasing power, and this happens only when the government monetizes the debt (printing money with no backing). Only the federal government can cause inflations and when it strikes the market with no warning, every stock will be at stake! When the inflation hypes, gold saves us. Not just inflation, the other outbreaks in the financial market like, deflation, government deficits, war, currency collapse, recession or depression can be survived when gold is in your hands. Since the 1990s the value of gold has increased by 6 folds, and this exhibits the overvalue of this yellow metal.
When US were attacked on September 11 2001, the after effects were devastating. People mourned not just the loss of lives, but also the huge decline of the value of most of the stocks in the market. Most of the articles published by US after the stabilization of its economy mention the importance of gold in its market and how it helped to show that the economy was decent. While choosing the investment devices, you have to be careful, but if you choose gold as your device, the worth of your stock is protected and kept safe.
In India, gold has a lot of importance in everyones life. Not just as an investment, gold serves as the most used jewellery. Gold is considered holy in most homes. Womens most treasured metal is gold! In 2011, India imported 969 tons of gold which is much greater than its previous years record. India gets most of its gold from Australia and Africa. Though the typical gold is supposed to be 24k, the American
Gold Eagle, the British gold sovereign, and the South African Kruger continue to be minted in 22k metal in historical tradition. Several other 99.99% pure gold coins are available. In 2006, the United States Mint began production of the Buffalo gold bullion coin with a purity of 99.99%. The Australian Gold Kangaroos were first coined in 1986 as the Australian Gold Nugget changed the reverse design in 1989. Other popular modern coins include the Austrian Vienna Philharmonic bullion coin and the Chinese Gold Panda.
Gold as such is a yellow metal that holds its luminosity not just in chemistry but also in the financial market. And this quality of gold and its various industrial applications makes it to glitter the time. Gold can signal that the financial system is unstable if its value drops even a little bit. With such magnificent properties its not a surprise that gold still glitters in the financial market!
by: IndianGoldRates
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