I see a trend in the general financial services industry - which is trickling down into the gold space – and this is the trend towards smallness. By this, I mean fractional ownership.
Late last year, the European Commission leaked a set of rules proposing an all-encompassing set of regulations covering the trading or issuance of digital assets across the 27-nation bloc. What is the most significant part of these rules in terms of impact on the crypto industry?
A new auction record has been set for the most valuable ancient gold coin ever sld in a public transaction. A gold aureus from ancient Rome garnered a winning bid of over $4.1 million at the end of October.
Not only will silver’s monetary side will shine bright in 2021 in an environment where the U.S. dollar is driven lower by rising inflation pressure and low interest rates, but Hansen also said in his report that industrial demand and the green energy revolution will be an essential factor for silver.
Young investors, student investors, or just those new to investing in general stay away from gold primarily because it doesn’t seem to be a profitable investment. It has always been perceived as a safe haven investment, something of a hedge against inflation and economic downturns.
There’s a money printing party going on and the entire world is invited. EU just approved a $2.1 trillion budget. Bank of England added an additional $131.2 billion in asset purchases on June and our very own Feds announced on Wednesday that it would keep lending until the end of the year instead of ending it in September.
October 19, 1987. 33 years ago. It was ugly. It was one of the worst trading days in history. The Dow and the S&P both lost more than 20% in a single session. It was tagged the Black Monday.
Why invest in gold? It’s a durable, tangible, hard asset that can be stored as a hedge and possibly offset losses due to inflation, currency debasement, or bearish times afflicting the stock market, for example.
The beauty industry has always been touted as the one industry that’s recession-proof. And you know what? That makes sense from the most basic of human psychology. When things are bad and you can’t do anything about it, you turn to the one thing you can control, yourself.
SINCE THE DAYS OF THE ancients, gold has been a symbol of wealth. Kings, queens, emperors, rulers, and celebrities continue to use gold as a symbol of fortune and glamor. Perhaps it is this precise use that’s turning people away from gold investments. Even while billionaires, the latest of which is Buffett, show their faith in gold, many are still doubting it.