Comments on: Why, suddenly, are companies buying a lot of gold? http://www.goldbuyingguide.com/blog/why-suddenly-are-companies-buying-a-lot-of-gold/ Wed, 08 Feb 2012 19:11:29 +0000 http://wordpress.org/?v=2.7 hourly 1 By: Unbiased.co.uk Find an IFA http://www.goldbuyingguide.com/blog/why-suddenly-are-companies-buying-a-lot-of-gold/comment-page-1/#comment-1969 Unbiased.co.uk Find an IFA Wed, 06 Jan 2010 20:51:02 +0000 http://www.goldbuyingguide.com/blog/why-suddenly-are-companies-buying-a-lot-of-gold/#comment-1969 It is because the gold price has risen significantly over the last two years. Gold is an investment bought when times are tough and stock markets are falling or volatile. Gold is said to be a safe haven in the these times and is bought by investors and Governments. The demand for gold has risen partly due to the economic climate and partly because of demand from developing markets such as India. High demand almost always pushes the price of a commodity higher. The gold price is also rising since there a speculators in the markets fuelling the price. The gold price has risen from around $700 an ounce to a recent peak at $1,240. This means that it has become far more profitable to mine gold or buy old gold jewellery from people, melt it down and sell it on again. If you are thinking of doing this, shop around to get the best deal from your old gold. Disclaimer: The answers above are for guidance only and should not be acted upon without you receiving independent financial advice relevant to your circumstances. To find and IFA please go to<a href="http://www.resumeminers.com/online-degree/education-programs.htm"> Unbiased.co.uk Find an IFA</a> It is because the gold price has risen significantly over the last two years. Gold is an investment bought when times are tough and stock markets are falling or volatile. Gold is said to be a safe haven in the these times and is bought by investors and Governments. The demand for gold has risen partly due to the economic climate and partly because of demand from developing markets such as India.

High demand almost always pushes the price of a commodity higher.

The gold price is also rising since there a speculators in the markets fuelling the price.

The gold price has risen from around $700 an ounce to a recent peak at $1,240. This means that it has become far more profitable to mine gold or buy old gold jewellery from people, melt it down and sell it on again. If you are thinking of doing this, shop around to get the best deal from your old gold.

Disclaimer:
The answers above are for guidance only and should not be acted upon without you receiving independent financial advice relevant to your circumstances. To find and IFA please go to Unbiased.co.uk Find an IFA

]]> By: Joe http://www.goldbuyingguide.com/blog/why-suddenly-are-companies-buying-a-lot-of-gold/comment-page-1/#comment-1968 Joe Mon, 04 Jan 2010 23:48:19 +0000 http://www.goldbuyingguide.com/blog/why-suddenly-are-companies-buying-a-lot-of-gold/#comment-1968 so the government can sell off all our gold too re-pay debt and also too get all the valuable metals away from the people, so we have nothing except worthless cash.<a href="http://www.currencyexchangemarket.com/thomas-cook-currency-exchange.htm"> Joe</a> so the government can sell off all our gold too re-pay debt and also too get all the valuable metals away from the people, so we have nothing except worthless cash. Joe

]]> By: Emma http://www.goldbuyingguide.com/blog/why-suddenly-are-companies-buying-a-lot-of-gold/comment-page-1/#comment-1967 Emma Sat, 02 Jan 2010 06:38:49 +0000 http://www.goldbuyingguide.com/blog/why-suddenly-are-companies-buying-a-lot-of-gold/#comment-1967 In a time of economic recession, investing in the markets is uncertain. In a time of failing corporations, investing in corporate bonds is uncertain. In a time of the government running huge deficits, investing in government bonds is uncertain. In a time of possible future inflation/deflation, investing in currency (or failing to invest in anything else, thereby leaving your money in currency form) is uncertain. So people turn to gold, something that has, and will always have, an intrinsic value. Gold itself is actually worth something. A piece of green paper (currency) at the worst, may not always be worth something, or at the best, probably won't be worth the same amount later. Likewise, a piece of paper saying you own 100 shares of a company may not always have value (some stock literally becomes worthless, then it's literally only worth the paper it's written on). Gold will always have value. So people are buying up gold like crazy. But it is uncertain how much longer this will go on. If the gold market is at a peak, which it may soon be, now is the best time to sell gold, but the worst time to buy gold. Hope that helps!<a href="http://www.greattoolsusa.com/levels-and-squares-4323"> Emma</a> In a time of economic recession, investing in the markets is uncertain.
In a time of failing corporations, investing in corporate bonds is uncertain.
In a time of the government running huge deficits, investing in government bonds is uncertain.
In a time of possible future inflation/deflation, investing in currency (or failing to invest in anything else, thereby leaving your money in currency form) is uncertain.

So people turn to gold, something that has, and will always have, an intrinsic value. Gold itself is actually worth something. A piece of green paper (currency) at the worst, may not always be worth something, or at the best, probably won’t be worth the same amount later. Likewise, a piece of paper saying you own 100 shares of a company may not always have value (some stock literally becomes worthless, then it’s literally only worth the paper it’s written on). Gold will always have value. So people are buying up gold like crazy. But it is uncertain how much longer this will go on. If the gold market is at a peak, which it may soon be, now is the best time to sell gold, but the worst time to buy gold.

Hope that helps! Emma

]]> By: Danielle http://www.goldbuyingguide.com/blog/why-suddenly-are-companies-buying-a-lot-of-gold/comment-page-1/#comment-1966 Danielle Thu, 31 Dec 2009 03:54:20 +0000 http://www.goldbuyingguide.com/blog/why-suddenly-are-companies-buying-a-lot-of-gold/#comment-1966 The price of gold is at an all time high at the moment. It works out much cheaper for the refineries to buy your broken and unwanted gold off you and melt it down than for them to buy gold bullion to make new things. They pay you less than it is worth once melted so they can then stick a few diamonds or whatever in it and sell on at a huge profit.<a href="http://www.bigguitarshop.com/electric-84992"> Danielle</a> The price of gold is at an all time high at the moment.
It works out much cheaper for the refineries to buy your broken and unwanted gold off you and melt it down than for them to buy gold bullion to make new things.
They pay you less than it is worth once melted so they can then stick a few diamonds or whatever in it and sell on at a huge profit. Danielle

]]> By: Quinn http://www.goldbuyingguide.com/blog/why-suddenly-are-companies-buying-a-lot-of-gold/comment-page-1/#comment-1965 Quinn Tue, 29 Dec 2009 08:48:35 +0000 http://www.goldbuyingguide.com/blog/why-suddenly-are-companies-buying-a-lot-of-gold/#comment-1965 gold is still the first currency, the pennies and notes you carry around everyday are just tokens and bills promising to pay the bearer on demand, you cash in the gold to get the tokens, if you know what i mean. ishould have bought cheap gold bars on swoopo when i had the chance darn it, they'd be worth heaps now.<a href="http://www.fishtrek.com/saltwater-fish-guide/black-marlin.htm"> Quinn</a> gold is still the first currency, the pennies and notes you carry around everyday are just tokens and bills promising to pay the bearer on demand, you cash in the gold to get the tokens, if you know what i mean. ishould have bought cheap gold bars on swoopo when i had the chance darn it, they’d be worth heaps now. Quinn

]]> By: Beowulf http://www.goldbuyingguide.com/blog/why-suddenly-are-companies-buying-a-lot-of-gold/comment-page-1/#comment-1964 Beowulf Tue, 29 Dec 2009 03:33:46 +0000 http://www.goldbuyingguide.com/blog/why-suddenly-are-companies-buying-a-lot-of-gold/#comment-1964 gold is now at its premium value,about,£5.65 per ounce,dont go getting excited and weighing it on your scales,gold is weighed i think in the old troy system.but never the less,still worth a bit for unwanted jewelery.<a href="http://www.greatjewelrydesign.com/stemware-313"> Beowulf</a> gold is now at its premium value,about,£5.65 per ounce,dont go getting excited and weighing it on your scales,gold is weighed i think in the old troy system.but never the less,still worth a bit for unwanted jewelery. Beowulf

]]> By: ♥**•.¸¸verbalkint♥**•.¸¸ http://www.goldbuyingguide.com/blog/why-suddenly-are-companies-buying-a-lot-of-gold/comment-page-1/#comment-1963 ♥**•.¸¸verbalkint♥**•.¸¸ Mon, 28 Dec 2009 04:17:27 +0000 http://www.goldbuyingguide.com/blog/why-suddenly-are-companies-buying-a-lot-of-gold/#comment-1963 gold and silver are wanted at the mo, and they are hoping poor people will cash in to get by, sad really<a href="http://www.prohomeschool.com/blog/"> ♥**•.¸¸verbalkint♥**•.¸¸</a> gold and silver are wanted at the mo, and they are hoping poor people will cash in to get by, sad really ♥**•.¸¸verbalkint♥**•.¸¸

]]> By: knownout http://www.goldbuyingguide.com/blog/why-suddenly-are-companies-buying-a-lot-of-gold/comment-page-1/#comment-1962 knownout Fri, 25 Dec 2009 06:22:05 +0000 http://www.goldbuyingguide.com/blog/why-suddenly-are-companies-buying-a-lot-of-gold/#comment-1962 Because it is increasing in value to very high levels while everything else is losing value .. so its a good investment<a href="http://www.resumeminers.com/universities/english-degree.htm"> knownout</a> Because it is increasing in value to very high levels while everything else is losing value .. so its a good investment knownout

]]> By: trevwest5 http://www.goldbuyingguide.com/blog/why-suddenly-are-companies-buying-a-lot-of-gold/comment-page-1/#comment-1961 trevwest5 Thu, 24 Dec 2009 10:28:43 +0000 http://www.goldbuyingguide.com/blog/why-suddenly-are-companies-buying-a-lot-of-gold/#comment-1961 price of gold is at a high at the moment...<a href="http://www.bestpricesuits.com/183"> trevwest5</a> price of gold is at a high at the moment… trevwest5

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