Keeping a watch on their state of the economy might be as simple as watching the gold price chart. As informed investors watch the facts of the falling dollar, slow economy and lackluster job growth, a straightforward barometer for the typical citizen might be gold prices. Because the dollar looses value, investors want to keep up their wealth in a safe store of value such as gold so they really change their holdings from the dollar to gold. With the annals of paper profit mind, there’s justification to help make the transition.
The headlines is steady about the existing gold prices. New highs are reached on a regular basis and many think the purchase price will go a whole lot ราคาทอง higher. That remains to be seen, but new investors don’t be seemingly afraid of the investment. Even seasoned investors continue to make purchases on dips of the gold price chart. Looking in the last 40 years of gold prices, it is obvious that gold is volatile. In 1980, gold went to $800 per ounce. The gold price today is about $1350 and is apparently continuing to climb.
The price tag on gold is volatile for a variety of reasons. Gold and silver have been money for 1000s of years. The thought of these metals having value as money is ingrained in the minds of men and women across the world in most major civilization, business has been done in gold and silver from the very start of business between cultures and everyone accepted these substances as money. Wars were fought over large stashes of gold and silver. Kings rose and fell using their accumulation or loss of gold and silver.
On one other hand, the American paper dollar has been around for less than 300 years. Paper currencies have always come to the stage of getting a lot of in circulation after which time they become worthless. If that happens to the dollar, people that have gold and silver will remain prosperous while people that have paper money will loose their store of value.