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<p>[QUOTE="georgiansilver, post: 1229317, member: 15758"]The truth is that the economy throughout the world is dodgy at present and whilst it is so... for whatever peculiar reason.. gold maintains a high value and even rises... I believe because people have faith in gold as a solid investment in the most declining economy anywhere. Gold is a tradable asset and maintains a level price throughout the world in spite of economies in different countries... (ie if the price of the Euro drops.. gold in countries that use the Euro is still of the same value as the rest of the world so will cost more Euros to buy... If a Countrys' economy fails completely.. and a person in that Country has most of their wealth in gold... they will be as well off as they were when the country failed as their gold holds its' value in the world market even if their Countrys' cash doesn't....Hope that makes sense).[/QUOTE]</p><p><br /></p>
[QUOTE="georgiansilver, post: 1229317, member: 15758"]The truth is that the economy throughout the world is dodgy at present and whilst it is so... for whatever peculiar reason.. gold maintains a high value and even rises... I believe because people have faith in gold as a solid investment in the most declining economy anywhere. Gold is a tradable asset and maintains a level price throughout the world in spite of economies in different countries... (ie if the price of the Euro drops.. gold in countries that use the Euro is still of the same value as the rest of the world so will cost more Euros to buy... If a Countrys' economy fails completely.. and a person in that Country has most of their wealth in gold... they will be as well off as they were when the country failed as their gold holds its' value in the world market even if their Countrys' cash doesn't....Hope that makes sense).[/QUOTE]
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