No Chance Gold Values Will Recapture Their Peak Anytime Soon
For hundreds of years, gold has been an asset that is held as protection against "worst possible outcomes." The truth be told, gold will reach its highest price when there are increasing concerns about the economic well-being of the United States, likely because the U.S. represents the biggest economy and largest pool of wealth in the world and investors want a good investment to preserve their wealth. That being said, the American federal government has appeared more effective as of late and even the housing market in the United States has shown real signs of improvement. These things considered, investors are left without the worries that traditionally drive values upward. Recently, gold prices have slid back from an early 2014 climb and now stand just a few percentage points higher for the year.
With the rising number of alternative investment strategies for investors to pursue, analysts are growing skeptical of whether including gold as an asset class will benefit investors. In fact, some are even suggesting that "it’s not an ideal hedge" anymore and that "there’s no chance that gold prices will recapture their peak anytime soon."
Posted by Michael Young
An entrepreneur at a young age, I began my first business when I was 9. I would sneak on to the private golf club course and search for lost golf balls in the woods and water. Some days I would find a hundred or more. After taking them back home and washing them thoroughly, I would return to the golf course and sell the balls I had found, a dozen at a time.
The point I am getting at is that I have always found unconventional ways to earn and save money.