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Gold is a monetary metal, a commodity yet more significantly it is a store of worth and an option to fiat currencies. Gold has a vital worth and cannot be counterfeited or manufactured at will, which is why out of all the commodities it has withheld and functioned as money for hundreds of years. Gold's value does not arise from its usefulness in industry; it arises from its use and worldwide acceptance as a store of worth.
There are many things that affect the gold cost, these involve: inflation, fluctuations in the dollar and U.S. stocks, interest rate volatility, international tensions, various other commodity prices, monetary policy, political stability and central bank intervention. On the other hand, at the moment the most important influence on gold price is the debasement of major foreign currencies, particularly the U.S. Dollar.
While traders still think that Spain will likely be compelled in a bailout, the Spanish Prime Minister and Finance Minster are both adamant that Spain does not need a bailout and that Spain's reform program is enough to stave off a full sovereign bailout.
If you've been paying attention to the Euro Zone crisis you'll know by now that we have seen this lying strategy many times before across the global governments. You can simply no longer trust anything a politician says.
The monetary issues confronting the US have been fully overlooked as the focus has been on the financial debt crisis in the Euro Zone. The most recent non-farm payroll report launched in the US showed that 114,000 people were added to the job market in September and the unemployment rate dropped greatly from 8.1% to 7.8%, the lowest number in 44 months. However, the total number of people gathering food stamps has risen to a new all-time record. Is it only a coincidence that the unemployment rate has dropped just prior to the elections? Or is this just another great example of lies from our political leaders?
Each time we are told that things are developing, the facts show that they are actually deteriorating. Unless huge alterations are created to policy nothing is going to stop the devastating effects of the financial storm ahead. Nonetheless, when you are holding gold bullion you're better put to weather the storm!
There are many things that affect the gold cost, these involve: inflation, fluctuations in the dollar and U.S. stocks, interest rate volatility, international tensions, various other commodity prices, monetary policy, political stability and central bank intervention. On the other hand, at the moment the most important influence on gold price is the debasement of major foreign currencies, particularly the U.S. Dollar.
While traders still think that Spain will likely be compelled in a bailout, the Spanish Prime Minister and Finance Minster are both adamant that Spain does not need a bailout and that Spain's reform program is enough to stave off a full sovereign bailout.
If you've been paying attention to the Euro Zone crisis you'll know by now that we have seen this lying strategy many times before across the global governments. You can simply no longer trust anything a politician says.
The monetary issues confronting the US have been fully overlooked as the focus has been on the financial debt crisis in the Euro Zone. The most recent non-farm payroll report launched in the US showed that 114,000 people were added to the job market in September and the unemployment rate dropped greatly from 8.1% to 7.8%, the lowest number in 44 months. However, the total number of people gathering food stamps has risen to a new all-time record. Is it only a coincidence that the unemployment rate has dropped just prior to the elections? Or is this just another great example of lies from our political leaders?
Each time we are told that things are developing, the facts show that they are actually deteriorating. Unless huge alterations are created to policy nothing is going to stop the devastating effects of the financial storm ahead. Nonetheless, when you are holding gold bullion you're better put to weather the storm!
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If you want to learn more about gold such as its spot price at this time, just click here: spot gold.
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