Speculators have their work cut out for them as far as the gold market goes in 2014. Following a great deal of political and economic uncertainty throughout 2013, precious metals prices have taken a drastic dive. Of course, investors who are familiar with the precious metals market know that prices are always fluctuating and this should not be a reason to sell out of panic. Rather, the best course of action is to simply hold tight and wait until gold prices inevitably come back up. Continue reading “What the Future Holds for Gold Investors”
Gold is a kind of naturally forming chemical compound that forms deep within the earth’s crust. It is also one of the precious metals known as coinage metals, along with silver, copper, platinum and palladium. Gold’s naturally beautiful yellow color makes it very appealing for people and it has been used as a sign of wealth and status for more than 2,500 years. More recently, gold has been used as an investment tool to help safe harbor folk’s assets against possible economic collapse.
Due to its aesthetics, as well as its monetary and symbolic functions, gold is used in a lot of different industries, including jewelry, numismatics, electronics, health, dentistry and other fields. It also possesses high ductility and malleability, which leads to people using gold in electric wiring, gold leafing and also colored glass making.
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