Gold is a investments that thrives during times of struggle and strife, investors buy Gold because of its intrinsic value.
Just after of 9/11, the financial markets tanked; the DJIA Jones lost 15%, the NASDAQ lost 16%, the S&P 500 lost 12%, and Gold went up 8.5%. Now the analyst’s expectations are that Gold prices rise significantly along with the tensions in India and Pakistan and the Middle East escalate. Fully 20% of the world’s Gold is bought in India.
Further, there is the demand/supply equation and the expectation of inflationary pressure in 2009 as the bail out money is printed and the US$ strength weakens.
Popularity: 3% [?]
