I’ve learned a great deal from personal experience and from my ongoing research on the merits of investing in gold. History shows that when the rising cycle for financial assets (stocks, mutual funds and bonds) ends, investors often turn their attention to tangible assets like gold and silver. That’s exactly what’s happening now, both here and abroad. So if you’re asking if Gold is a Good Investment, then judging on the current economic cycle, then I would say yes.
Demand for gold has risen sharply in the United States during the last few years. Before and after the stock market began falling, some investors diversified their holdings with undervalued gold and silver assets. With the stock market’s recent gyrations, a growing number of investors have already benefited from their diversification into gold. Most gold investors agree that it’s still a good time to diversify into gold and silver. The upside potential is strong.
Demand for gold has also expanded from an unusual source: gold mining companies. Many of them have been covering their forward sales by purchasing gold in the open markets. The process that sent gold down in the 1990’s is being reversed and the result is higher demand, which should lead to higher prices.
When the price of gold is low – as it has been during the last two decades – the entire process grinds to a halt. In fact, worldwide gold production is falling because mines with high costs stop producing. Numerous gold mines around the world have been closed and it takes quite an effort to revive production.
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