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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.
Since this time, oil has been discovered all over the United States – from Texas to Alaska. Today, the US is one of top importers and exporters of oil. The long standing question is why import oil if we are producing our own?
Long ago, the U.S. had a gold standard. This meant people could exchange their dollars for a fixed amount of gold. If I have my way, I would like to reinstate the gold standard. Why? Because the gold standard is rigid… unbending… uncompromising.
There are different ways to own gold. You can buy gold and keep it in your home or a safe or wherever you may please. You can buy stocks of a mining company. There is also a gold ETF, gold futures, and gold IRA. So, how is one different from the other?
Precious metals have a fundamental problem the world over. For thousands of years, humans have sought the ores and minerals needed to extract materials that have been useful to them. These range from sand, through oil, to gold, aluminum, iron, and various other metals.
Now man has reached the point where finding natural resources has become much more complicated – all the low-hanging fruit has been picked.
Don Lutes, Jr., of Pittsfield, Massachusetts, found the bronze 1943 Lincoln cent in the change he was given at his school cafeteria in 1947. Lutes also got in touch with the Treasury Department about his find.
Their standard reply simply read: “In regard to your recent inquiry, please be informed that copper pennies were not struck in 1943.
Gold is a decoration and not much else. That’s another claim critics love to make about gold. Many investors insist on investing in something that people will use like phones and search engines. Gold, on the other hand, is primarily for jewelries, not exactly something you will prioritize when push comes to shove. Wrong.
Drones and Robots used to sound like concepts from Steven Spielberg and George Lucas’ minds. Now, not only is it ordinary to see flying cameras above you when walking in a park, these devices are already proving their potential as major contributors to business and everyday life. Covid-19 limits human contact and this is accelerating the adoption and development of robots and drones.