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Should We Be Investing in Gold? Our current allure of gold and its related retinue of precious metals, stemmed from the US sub-prime mortgage crisis that became news by the end of July 2007. During the succeeding months, the fallout of the US sub-prime mortgage crisis affected the global currency market - with their anchor - the US dollar weakened by inflation due to the Bush administrations current quagmire in Iraq. [VIEW ARTICLE]Comments RSS Feed For This Article: 2
Subject: Investing in Gold First of all, to those fortunate enough to experience the soap opera Dallas (I only saw it from my mom's DVD collection), isn't the Hunt Brothers hoarding silver reminiscent of the drama of the ficticious Ewing Clan? In my opinion, concrete assets like gold, silver, and other precious metals are definitely a better investment compared to those arcane bond / credit derivatives like credit default swaps or mortgage backed securities. But its always wise to do your "homework" first everytime you invest substantial amounts of money. Comment provided August 9, 2008 at 8:39 am
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Subject: Investing in Gold During the July 2008 peak oil period of 147 US dollars per barrel, the energy needed to process an ounce of gold reached a little over 600 US dollars. If the price of gold - on an per ounce basis - falls below 600 dollars an ounce, it would be a disaster. Precious metal dealers would be selling gold at a loss. Could this scenario happen? Comment provided August 11, 2008 at 5:30 am
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Subject: Investing in Gold
Despite the groans of the Bush Administration's Neo-Conservatives about Sharia Banking becoming vogue in America due to the risk inherent in Mortgage Backed Securities and bond / credit derivatives like Credit Default Swaps manifested itself by creating a domino-effect that started the US credit crunch. Precious metal investments like gold would certainly save the American economy.