Gold Metal Market Investing
Among the futures markets, Gold is very popular right now.
It is not simple as a jewelry any more.
It's a tool for us to earn even a factor affecting on an economy.
Today, we won't look at it as the thing to decorate but to invest.
To any of you who cares, we will learn some knowledge about Gold Metal Market Investing.
Precious metal or Gold popularity is proved easily when you usually see advertisements or people talking about them.
There are commercials on TV called "cash for gold" that are replayed 12 times on CNBC.
These advertisements are even made fun with a super bowl commercial.
Everywhere you go, when you turn you will hear someone talking about the precious metal and it is no surprise that investors are flocking to this as a potential safety net in the distressed economic times we face today.
No one of us forgets the day of September 11th.
And this day one more time consider as an event when Gold all started back on September 11th, 2001.
That's when the bull market for gold started to take shape.
Gold has never looked back after the terrorist attacks of that day.
Gold prices started to shoot from $250 to $350 an ounce after the fear factor set in.
After President Bush declared war against Iraq in an effort to combat against the Mideast turmoil, investors started to move with interest to the metal.
There is another factor that created the rise in gold and metal markets.
Yes, we are talking about the weak USD.
The USD started losing much of ground against major foreign currencies, especially the Euro - The currency was born in 1999 and has become the major currency of trade.
The USD started falling harder and harder from 2004 to 2008.
Gold prices rose at a quicker pace from 2005-2007 increasing some 75% from $450 to $750 an ounce.
At its weakest point the EURO/USD ratio was 1.
60.
It's time for gold reached its peak of $1,030 in March 2008.
This is also where the talk really started to take place.
At the beginning of 2008, the US entered into deep recession and growth had come to a standstill.
The result is that major world exchanges have lost more than 40% of their value as the credit crisis and mortgage lending business came down upon us.
Traders then saw a downward move in Gold to$700 an ounce as the USD staged a strong rally trading all the way down to $1.
25 against the EURO.
Though it wasn't for long, traders quickly rushed back in to propel prices back to over $900 but the recession still loomed worldwide.
Going through difficult stages, Gold is now back above $950 an ounce and looking more like it may be headed to $1,000 than back to $800.
It seems that the US can't to get things straightened out with the bailout and stimulus plans, and the Dow Jones Industrial Average is setting lower lows almost at a daily pace.
$1,000 an ounce seems like a short pit stop for higher prices in the near future.
You have just had a short view of how Gold market has lasted thank to time.
Investing in Gold in still a long way going.
Just keep up with the market to make sure that you will have a right plan for your long lasting investment!
It is not simple as a jewelry any more.
It's a tool for us to earn even a factor affecting on an economy.
Today, we won't look at it as the thing to decorate but to invest.
To any of you who cares, we will learn some knowledge about Gold Metal Market Investing.
Precious metal or Gold popularity is proved easily when you usually see advertisements or people talking about them.
There are commercials on TV called "cash for gold" that are replayed 12 times on CNBC.
These advertisements are even made fun with a super bowl commercial.
Everywhere you go, when you turn you will hear someone talking about the precious metal and it is no surprise that investors are flocking to this as a potential safety net in the distressed economic times we face today.
No one of us forgets the day of September 11th.
And this day one more time consider as an event when Gold all started back on September 11th, 2001.
That's when the bull market for gold started to take shape.
Gold has never looked back after the terrorist attacks of that day.
Gold prices started to shoot from $250 to $350 an ounce after the fear factor set in.
After President Bush declared war against Iraq in an effort to combat against the Mideast turmoil, investors started to move with interest to the metal.
There is another factor that created the rise in gold and metal markets.
Yes, we are talking about the weak USD.
The USD started losing much of ground against major foreign currencies, especially the Euro - The currency was born in 1999 and has become the major currency of trade.
The USD started falling harder and harder from 2004 to 2008.
Gold prices rose at a quicker pace from 2005-2007 increasing some 75% from $450 to $750 an ounce.
At its weakest point the EURO/USD ratio was 1.
60.
It's time for gold reached its peak of $1,030 in March 2008.
This is also where the talk really started to take place.
At the beginning of 2008, the US entered into deep recession and growth had come to a standstill.
The result is that major world exchanges have lost more than 40% of their value as the credit crisis and mortgage lending business came down upon us.
Traders then saw a downward move in Gold to$700 an ounce as the USD staged a strong rally trading all the way down to $1.
25 against the EURO.
Though it wasn't for long, traders quickly rushed back in to propel prices back to over $900 but the recession still loomed worldwide.
Going through difficult stages, Gold is now back above $950 an ounce and looking more like it may be headed to $1,000 than back to $800.
It seems that the US can't to get things straightened out with the bailout and stimulus plans, and the Dow Jones Industrial Average is setting lower lows almost at a daily pace.
$1,000 an ounce seems like a short pit stop for higher prices in the near future.
You have just had a short view of how Gold market has lasted thank to time.
Investing in Gold in still a long way going.
Just keep up with the market to make sure that you will have a right plan for your long lasting investment!
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