Gold is one commodity that has always been looked with confidence by the investors. An interesting fact about gold is that there is not much of it in the market. As such if paper money becomes obsolete tomorrow and the only mode of Turkey Phone Number List accepted payment becomes gold or silver, then we the people who does not possess gold but only electronic balances of money, will have no where to go. If we rush to buy gold all the gold and silver and other Turkey Phone Number List precious metals would have been gone. So basically all our huge savings, investments and bonds will have vanished. A printed paper currency which is being produced in much quantity as required Turkey Phone Number List by the economy cannot be relied and the only thing that will matter when
paper money fails is what you Turkey Phone Number List have in intrinsic value that is gold. One of my colleagues had once said me, "gold at $1000 a once, this is not a price one should invest into something." However the fact remains that it is not the price Turkey Phone Number List at the end of the day that counts, but the intrinsic value that you possess. Paper money in itself does not worth anything; gold does. Thus when paper money will become defunct, the only things that will remain Turkey Phone Number List of value are the precious metals.
Irrespective of that, gold prices Turkey Phone Number List have also suffered a price deviation. In recent years as during the depression of 2008, when commodity prices were going down and the real estate and financial markets crashed, people started to sell off their investment and hoard up the dollars. Even the price of the yellow metal, which was otherwise so Turkey Phone Number List popular, also went down. People started to sell of their gold investment and realize the investment in cash. This resulted in gold prices falling by about 30 percent in November of 2008 from the March 2008 Turkey Phone Number List price of $1000 per ounce.
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