Dołączył: 23 Mar 2011
Przeczytał: 0 tematów
|Wysłany: Pią 11:44, 25 Mar 2011 Temat postu: A Stock Market Education - Gold is Great When Time
Those with a great stock market education know there's a time to be cautious.
For thousands of years, gold has been the store of value, the medium of exchange and the revered metal used to adorn us as jewellery. For decades, it has been frowned upon by central banks and economists as a barbarous relic which should be consigned to the dustbin of history. The thing is...it seems to be making a comeback!
In the last 10 years, gold has soared more than 3 fold from under $300 per ounce to, at around the $900 per ounce today. What has caused this massive shift and is it likely to continue? Well, paper notes haven't held their value well over a long period of time. Paper currencies have been coming and going for hundreds of years. In fact, with the introduction of the Euro, Greek coins were replaced by the British pounds as the earth oldest currency still in existence.
One of the reasons the British pound remained in place was due to the use of it in the empire. One of the reasons that Gold is making such a comeback is that the paper currencies of most major economies are today being debased by the increases in the money supply, which went into overdrive after the dotcom bust in order to avoid a recession. It is this monetary expansion which has led to the increase in the price of gold. All with a solid stock market education knew this. More accurately, the price of gold isn't increasing, it's just that the value of currencies is decreasing, as they have been doing for a long time.
With the huge bailouts all over the world taking place right now, this looks set to continue. This should be great news for gold, which unlike other commodities, hasn't fallen back considerably from 2007 highs. The reason is that gold is a safe haven during times of trouble, such as the ones we are in now. That and the fact that an ounce of gold was able to buy a quality suit and a nice pair of shoes in Roman times...the same is true today and will be true in the future,Ed Hardy earrings, unlike any paper currency.
Gold is popular because governments can't print more gold. Expect it to go up in price and when you have a solid stock market education, you will know exactly when to benefit from it.
For us, Halloween was here. Some of the older folks were concerned about tomorrow night, which was really Halloween night. We had been told, "Tomorrow night you are not leaving this house." The story was the same with all of us. There was a conspiracy among the older folks. They had it in their heads to spoil our tricking, but our plans were already made, and we had taken what our folks had said into account. We would do our tricking on this night, the night before Halloween and forget about the treats of tomorrow night.Our plan was for all of us to get out of the house as quickly as we could after supper. If your folks raised suspicions, then you were to sneak out before supper. After all, what is a meal missed when the fun of Halloween was about to begin?
Just before supper, Wizzer gave our signal then hollered for me from outside the kitchen door just like we had planned. Mom never could say no to Wizzer. I had never told Wizzer about this, but one day I had heard Mom say that she felt sorry for him, what with him being a change of life baby and all. It wasn't my intent to spy on her. This particular conversation was overheard at one of her gabfests with her friend Julia. I was only trying to do what I had been trying to do with no luck at all for as long as I could remember. Namely, it was to see Mrs. Wetzel sleeping and doing something that took some watching and being careful. Just now, they was pitting and peeling peaches and getting them ready for canning.
Post został pochwalony 0 razy