The Title, Heading, or Hint !

By Author: Julia Robinson, 2022

Humans have been fascinated by gold for centuries, actually it never taints and by its unique color. Sadly, gold is worthless in engineering terms, apart from plating electric contacts, to guarantee they never taint and lose their conductivity. The metal is too soft, with too low a tensile strength to be used for much besides necklaces and rings. As an investment though, gold is a different story altogether. Why do folks buy gold? It has 0 natural value. Gold costs fall and rise, according largely to the degree of worry that folks have about the future. When war is imminent gold costs soar.

When commercial conditions are good, inflation low and job rate high, gold costs fall. Under these conditions there are investments that are doubtless going to supply a better return than holding gold bars. Folk buy gold because they fear the inflation and disastrous share price collapse that usually accompanies war and political uncertainty.


They buy gold because they think gold will hold its worth. Historically gold holds some worth, while shares can lose all of their value overnight. However, anyone that buys gold at the high price related to war will almost surely lose cash, when they sell at a lower cost. Conclusion - buy gold when most are saying to invest in the market. Sell gold when things are looking grim and there are heaps of buyers out there. If you do buy gold you want to understand that this investment has risk. The price of gold may fall. It could be years before you can sell your gold at a profit. Till not long ago many nations made it illegal for people to hold gold bars or bullion. People could buy gold coins and other items however.

The South African Krugerrand was minted to exploit this opportunity and to earn fascinating currency exchange for that country during the years of industrial sanctions. Today you can buy gold, silver and platinum coins in numerous denominations, including Canadian and US bucks, sterling crowns and sovereigns.