Gold Collectible Cards

 

Gold - How to make a profit by going against the herd

Sadly, gold is useless in engineering terms, except for plating electrical contacts, to ensure they never tarnish and lose their conductivity. You will find gold plated contacts on good quality hi-fi components.
The metal is too soft, with too low a tensile strength to be used for much besides rings and necklaces.

As an investment though, gold is a different story altogether.

They are buying gold for several reasons. People outside the war zone buy gold because they see the price going up and have they think it will keep going up and they will be able to sell at the top of the market and realize their profits.

Conclusion:-- Go against the trend - buy gold when everyone is saying to invest in the stock market. When things are looking grim and there are many buyers out there, sell gold.

Humans have been fascinated by gold for thousands of years, by the way it never tarnishes and by its unique color.

They are buying gold for several reasons. People outside the war zone buy gold because they see the price going up and have they think it will keep going up and they will be able to sell at the top of the market and realize their profits. Individuals could buy gold coins and other items. Nowadays you can buy platinum, gold and silver coins in many denominations, including Canadian and US dollars, sterling crowns and sovereigns.

When economic conditions are good, inflation low and employment rate high gold prices fall. Gold prices fall because it has no intrinsic value, only the value attached to it by people's fear. In calmer times, it is possible to invest in shares and gain from the rising share prices that usually accompany economic growth.

Gold prices rise and fall, according largely to the degree of fear that people have about the future. When war is imminent, gold prices soar, as more people buy gold.

Individuals could buy gold coins and other items. Nowadays you can buy platinum, silver and gold coins in many denominations, including Canadian and US dollars, sterling crowns and sovereigns.