In Times Of Crisis, Go For Gold
Indications increasingly point to the fact that anyone who has money to invest and would like to earn any form of interest on it are once again looking towards the best if not only means of allowing their capital to appreciate in value-by turning it into gold.
With every day bringing fresh evidence that the global financial crisis is more severe and will last longer than originally forecast, especially in the UK, increasingly more money people are buying gold. At whatever price it takes.
While Britain\’s leading banks are part of the biggest rescue package since Dunkirk, the poor investor has found no hiding place for their savings and is seeing them dwindle in real time.
Without looking into the worst of global scenarios, some showing a deterioration that could actually lead to the crumbling of the entire Western banking system as we know it, there is no doubt that the World is sailing into previously uncharted waters where the only true security may lie in gold.
It was only ten years or so that gold seemed to have outlived its place as the safe haven of governments and wealthy individuals, with property and equity taking its place. It has faded into the annals of UK financial history that Brown, in his early days as Chancellor of the Exchequer sold half of Great Britain\’s, around 400 tonnes, for around 6 billion pounds when today it will be worth around four times that amount.
Dealing with global financial trends as far is gold concerned is not for the faint hearted, and there are those that say Gordon Brown\’s thinking then as Chancellor was probably echoed by many others in the European and the US financial hierarchy. Gold seemed dull and inflexible when compared to the bright lights of unbridled lending and borrowing all financed by constant and unrealistic property and share capital increases
Financial experts say that a huge revaluation in the price of gold is happening and if allowed to continue will prop up not only the UK treasury but also those of the countries most exposed to the financial crisis, especially those who had the good sense to leave their gold stocks intact.
Buying gold will provide an answer to those who wish to protect their assets till the storm subsides, but who knows how long that can take. In the times that we are living through gold can be a bad short term bet but an excellent medium to long term safety net. Even those who bought into gold a year or so have fared better than those who kept their assets in shares or property.
Gold\’s continued healthy performance also depends on demand and supply, and all eyes are on the Asian market which is more dynamic and short term that that of the West. If there is a decrease in demand for gold in these developing economies, especially India and China, there will be a decrease in global gold price growth.
Overall investing in Gold, either in a physical format or in certain of the gold stocks still seems to be the best hedge against deflation of asset value. , Gold prices may remain volatile, especially in the short term. However the tends to be that prices are moving upwards, rising steadily towards the psychological $1,000 an ounce level. In the past it has stuck there. The extra eighteen billion pounds that would be sitting today in Government coffers seems insignificant went compared to the financial commitments that have been taken on through supporting the banks and insurance companies today. But it would be comforting to know that it was still there.
This article was written by eCommerce Associates for Bank — Accounts and our Finance Blog
About the Author
eCommerce Associates work with some of the UK’s top merchants and brands in
the affiliate market. eCommerce eCommerce Associates work with some of the UK’s top merchants and brands i the affiliate market. eCommerce Associates have three blog sites http://ecommerce-associates.info/ , http://leisure-activities.blogware.com/blog and http://financial-news.org.uk/ where all of our articles can be viewed.
Olympic Minute: A Gold for Great Britain
| | 1853 GOLD MEDAL “JOHN CHETWYND TALBOT” BRITAIN, 30.5 GR $2,350.00 |
| | 7 piece Win-El-Ware, Great Britain coaster/trivet set with black and gold box $7.99 |
| | God Gold Britain, America the Making of the Modern World Book | Walter Russell M $13.29 |
| | MADONNA Interviews Interview GOLD GLITTER Rare Import Golden Britain UK LP $99.00 |
| | GRET BRITAIN (UK) – Full Gold Sovereign – 1965 $499.00 |
| | GREAT BRITAIN 2011 BRITANNIA ONE OUNCE GOLD COIN AS SHOWN $1,765.00 |
| | Great Britain Isle of Man 1994 Crown Proof Cat 1/5 Tr. Oz. Gold Sealed ! $462.77 |
| | G Britain 1902 Gold 2 Sovereign NGC Matte PF *62*! Unique! $1,525.00 |
| | 1998 GREAT BRITAIN 5 SOVEREIGN ENGLAND NGC MS68 GOLD !! $2,585.00 |
| | 1880 Great Britain Sovereign Without Initials * Rare * ICG MS62 * Golden Glow! $500.00 |
| | 1818 Great Britain George III 1/2 Sovereign – Gold – NO RESERVE! $197.50 |
| | G Britain 1876 Gold Sovereign PCGS MS **63**! Majestic! $925.00 |
| | 1887 Great Britain Sovereign Gold Coin – Full Sovereign – A20 $402.00 |
| | 1897 Great Britain Sovereign Gold Coin – Full Sovereign – A21 $402.00 |
| | 1958 BRITAIN Q E II GOLD COIN SOVEREIGN * NGC CERT GENUINE GRADED MS 64 GORGEOUS $495.85 |
| | 1958 BRITAIN Q E II GOLD COIN SOVEREIGN * NGC CERT GENUINE GRADED MS 64 PRISTINE $495.31 |
| | 1958 BRITAIN Q E II GOLD COIN SOVEREIGN * NGC CERT GENUINE GRADED MS 64 LUSTROUS $495.49 |
| | 1958 BRITAIN Q E II GOLD COIN SOVEREIGN * NGC CERT GENUINE GRADED MS 64 BLAZING $495.67 |
| | 1965 BRITAIN Q E II GOLD COIN SOVEREIGN * NGC CERT GENUINE GRADE MS 64 AMAZING $495.85 |
| | 1965 BRITAIN Q E II GOLD COIN SOVEREIGN * NGC CERT GENUINE GRADE MS 64 PRISTINE $495.31 |
| | 1965 BRITAIN Q E II GOLD COIN SOVEREIGN * NGC CERT GENUINE GRADE MS 64 LUSTROUS $495.49 |
| | 1965 BRITAIN Q E II GOLD COIN SOVEREIGN * NGC CERT GENUINE GRADE MS 64 GORGEOUS $495.67 |
| | 1913 GR.BRITAIN GEORGE V GOLD COIN SOVEREIGN NGC CERTIFIED GENUINE GRADED SCARCE $449.95 |
| | QUEEN ELIZABETH ll GOLD EN JUBILEE SILVER PLATED MADEIN GREAT BRITAIN SPOON 2002 $31.01 |
| | 1910 GR.BRITAIN EDWARD VII GOLD COIN SOVEREIGN * NGC CERT GENUINE GRADED SCARCE $454.95 |
| | New Britain Sr High RED & GOLD REVIEW 10/17 1951 CT $8.33 |
| | 3 Postcards Gold and Glitter New Britain Conn CT $3.50 |
| | FULL SOVEREIGN ELIZABETH II 1981 GREAT BRITAIN UNC LUSTRE ALMOST PROOF $391.58 |
| | 20cm Sports Great Britain Diamond Jubilee Gold Inflatable Party Crown $3.96 |
| | Vintage Gold tone Compact- Excellent Condition- Made in Great Britain $19.95 |
| | 24K GOLD PLATED – GREAT BRITAIN 1895 QUEEN VICTORIA VINTAGE PENNY COIN $48.95 |
| | Bernera Pope John Paul II Great Britain Visit 1v Gold Foil $10.90 |
| | 1892 Gold Sovereign G Britain NGC AU 50 Gem $550.00 |
| | 2009 Gold 5 Pound Great Britain 2012 Olympic Countdown PF 69 Ultra Cameo $2,200.00 |
| | GREAT BRITAIN 1 OUNCE 1987 PROOF BRITANNIA GOLD COIN AS SHOWN $1,739.95 |
| | GREAT BRITAIN 1 OUNCE 1988 PROOF BRITANNIA GOLD COIN AS SHOWN $1,729.95 |
| | GREAT BRITAIN 1 OUNCE 1997 BRITANNIA GOLD COIN AS SHOWN $1,729.95 |
| | GREAT BRITAIN 1 OUNCE 2003 BRITANNIA GOLD COIN AS SHOWN $1,729.95 |
| | GREAT BRITAIN 1 OUNCE 2001 BRITANNIA GOLD COIN AS SHOWN $1,729.95 |
| | GREAT BRITAIN 1 OUNCE 2000 PROOF BRITANNIA GOLD COIN AS SHOWN $1,729.95 |
| | GREAT BRITAIN 1 OUNCE 2000 UNC BRITANNIA GOLD COIN AS SHOWN $1,729.95 |
| | GREAT BRITAIN 5 POUNDS 1999 DIANA PRINCESS OF WALES MEMORIAL GOLD COIN AS SHOWN $2,036.95 |
| | 1782 KING GEORGE III GREAT BRITAIN GOLD FULL GUINEA COIN $4,377.45 |
| | GREAT BRITAIN 5 POUNDS 2001 QUEEN VICTORIA 100TH MEMORIAL GOLD COIN AS SHOWN $2,036.95 |
| | GREAT BRITAIN 5 POUNDS 1999 GREENWICH MERIDIAN GOLD COIN AS SHOWN $2,036.95 |
| | GREAT BRITAIN 5 POUNDS 2001 GOLD COIN AS SHOWN $2,036.95 |
| | GREAT BRITAIN 5 POUNDS 2000 GOLD COIN AS SHOWN $2,036.95 |
| | Heavy Duty Metal ID Reel Holder New Britain Fire Department GOLD $8.99 |
| | GREAT BRITAIN ALDERNEY 5 POUNDS 2006 QUEEN’S 80TH BIRTHDAY GOLD COIN AS SHOWN $2,036.95 |
| | GREAT BRITAIN 1/2 OUNCE 1987 BRITANNIA GOLD COIN AS SHOWN $864.95 |
| | GREAT BRITAIN 1/2 OUNCE 1988 BRITANNIA GOLD COIN AS SHOWN $864.95 |
| | GREAT BRITAIN 1/2 OUNCE 1989 BRITANNIA GOLD COIN AS SHOWN $864.95 |
| | GREAT BRITAIN 1/2 OUNCE 2000 BRITANNIA GOLD COIN AS SHOWN $864.95 |
| | GREAT BRITAIN 1/4 OUNCE 2000 BRITANNIA GOLD COIN AS SHOWN $432.95 |
| | GREAT BRITAIN 1/4 OUNCE 1989 BRITANNIA GOLD COIN AS SHOWN $432.95 |
| | GREAT BRITAIN 1/4 OUNCE 1988 BRITANNIA GOLD COIN AS SHOWN $432.95 |
| | GREAT BRITAIN 1/4 OUNCE 1987 BRITANNIA GOLD COIN AS SHOWN $432.95 |
| | GREAT BRITAIN 1987 BRITANNIA 4-COIN GOLD PROOF SET AS SHOWN $3,204.95 |
| | GREAT BRITAIN 1985 4-PIECE PROOF GOLD SET WITH BOX $3,461.95 |
| | UNITED STATES GREAT BRITAIN FRANCE 3-PIECE D-DAY ANNIV GOLD SET $2,635.95 |
| | GREAT BRITAIN 1983 3-PIECE PROOF GOLD SET WITH BOX $1,425.95 |
| | GREAT BRITAIN 1986 3-PIECE PROOF GOLD SET WITH BOX $1,425.95 |
| | GREAT BRITAIN 1987 3-PIECE PROOF GOLD SET WITH BOX $1,425.95 |
| | RARE 1995 5 ECU GOLD PLATED PATTERN “SS GREAT BRITAIN” PRESENTATION CASE $7.94 |
| | GREAT BRITAIN 1984 3-PIECE PROOF GOLD SET WITH BOX $2,647.95 |
| | GREAT BRITAIN 1980 4-PIECE PROOF GOLD SET WITH BOX $3,461.95 |
| | GREAT BRITAIN 1955 Coronation cutouts cover GOLD COAST $9.00 |
| | ** ANTIQUE VINTAGE BRITAIN L & W 375 9K GOLD RING FILIGREE CAMEO & CARNELIAN * $266.99 |
| | GREAT BRITAIN 1985 5 POUND B-UNC GOLD COIN IN BOX $2,036.95 |
| | GREAT BRITAIN 1987 5 POUND UNC GOLD COIN AS SHOWN $2,036.95 |
| | GREAT BRITAIN 1984 5 POUND UNCIRCULATED GOLD COIN $2,036.95 |
| | GREAT BRITAIN 1995 50TH ANNIVERSARY UNO 2 POUND GOLD COIN AS SHOWN $814.95 |
| | GREAT BRITAIN 50 PENCE 1992 COUNCIL OF MINISTERS PRESIDENCY GOLD COIN AS SHOWN $1,342.95 |
| | **** ANTIQUE VINTAGE BRITAIN 9K GOLD RING FILIGREE CAMEO ON BLUE. SIZE 7 **** $266.99 |
| | 1794, Great Britain, George III. Beautiful Gold ½ “Spade” Guinea. R! $302.00 |
| | G Britain 1887 Gold Sovereign NGC MS **65**! Registry Coin! $2,295.00 |
| | G Britain 1902 Gold Sovereign NGC Matte PF *63*! Unique! $2,295.00 |
| | G Britain 1887 Gold Sovereign NGC MS **65**! Registry Coin! $2,395.00 |
| | 1790 GREAT BRITAIN GEORGE III SPADE GUINEA GOLD COIN EX-JEWELRY $567.99 |
| | Captain Britain with Gold Staff Marvel $1.99 |
