Can somebody explain why everyones gone crazy buying and selling gold?
Francis asked:
Every advert is to sell your ‘unwanted gold’ i never saw all these adverts before whats going on best answer 10 points x
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Every advert is to sell your ‘unwanted gold’ i never saw all these adverts before whats going on best answer 10 points x
December 7th, 2009 at 10:59 pm
The price of gold is going up fast. The ads are to get you to sell your gold to them now so they can re-sell it later after the price has gone up. lunatic
December 9th, 2009 at 4:30 am
Because the price of gold has risen. Which i kind of find odd for people to be buying it now. The time to have bought it would have been when it was low, not when its high. These people buying now are just bandwagoners. They see everyone else doing it so they do it as well.
The smart people making the money are the people who bought gold when it was low around a year ago and are selling it to the bandwagoners today.
Myself-it doesnt matter to me. I cant afford it either way! Starship Pain
December 12th, 2009 at 3:18 am
The value of the U.S. dollar is rapidly declining against most foreign currencies. As a result, it now takes more dollars to buy an ounce of gold. Many Americans are attracted to the idea of selling their gold jewelry and gold coins at these rising dollar-denominated prices. The only problem with that line of thinking is that dollars are worth less and less, so having more of them isn’t necessarily a good thing. Holding on to your gold may be the better idea. BSherman
December 14th, 2009 at 9:25 am
The price of gold has skyrocketed. However, I wouldn’t put much stock into buying gold since its price can easily become overinflated and drop rapidly. Gold Rush stores are opening two new stores in my town of Nashville. Its hilarious to watch all these people running into them to get a few bucks for gas (or drugs). I think we will see a backlash of thievery as people steal gold items for a few quick bucks. Opinion101
December 16th, 2009 at 3:21 pm
China is buying gold like its going out of style inflating the market just like they did with aluminum . That and allot of people feel we are going to have a depression making the dollar useless and gold will still be valuable . Dads boy
December 20th, 2009 at 1:29 am
This always happens in times of uncertainty. And since the price is expected to soar anyone who gets in early will make a profit, so goes the conventional wisdom. The snag is that unless you know how to detect real gold and its purity you can get ripped off easily. Maya R