We are all familiar with the nature of investments. The value of investments inevitably fluctuates at one point or another. This is the scenario that we are all familiar with-- the up and down nature of investments.
The Australian psyche holds a special place for gold. During the early 1850s, the gold rush helped in propelling the country’s economy, grow its population, and stimulate the industries. As the second biggest producer of gold in the world, the country’s gold sector flourished. Its record gold prices and mine production speak for themselves. After all, gold remains the country’s third major commodity export.
The last few months have seen the price of gold rally to $1,600 — a height it has not reached since March 2013. However, the last few weeks have seen the price start to stagnate. Between January 20 and February 4, the price did not manage to cross the $1,600 barrier, bouncing off at around $1,590. As of February 5, it had hit a two-week low of $1,547.
Bidorbuy figures as one of South Africa’s foremost online outlets where you can either sell or buy a comprehensive range of products. Founded in 1999, it has grown over the years in popularity among both sellers and buyers.
For the longest time, gold has been seen as a safe haven. Investors actively seek gold for security and protection during times of uncertainty. As Market Intelligence Director Alistair Hewitt mentioned in an interview recently, historically, gold enjoys certain perks in times of heightened risk due to flight-to-quality inflows.
Following the killing of Iranian General Quasem Soleimani by a targeted US airstrike on 3 January, gold prices reached a seven-year high of close to $1,600 per troy oz. or $50,798 per kg. The shock of this event drove investors to buy gold, a so-called safe haven asset, allowing them to safeguard their wealth amidst geopolitical uncertainty.
Even if you perform a regular clean-up in your home, clutter and junk will still continue to buildup in a never-ending cycle of addition and disposal. Clutter is simply stressful, and you may hit the roof when you wake up one day in a pile of junk.
ETFs Stomp Out Drops in Gold’s Q3 Numbers
Instability in global economies and the state of geopolitics have caused gold’s prices to surge, while the resulting behavior lowered interest rates. Global powers shift, as alliances form and are broken, and as uncertainties loom over the horizon.
'Tis the season to spread joy and splurge away. If you haven't saved enough cash for the holidays, you're probably panicking right now. Don't worry. There’s a lot of easy ways to get some extra moola this holiday season. Here's a list of some ridiculously easy ways for you to earn money this holiday season.