Saturday, August 13, 2011
Asia sees increase in gold investment as debt uncertainty continues
The Standard and Poor`s downgrading of the United States` credit rating is not the only driving investors towards gold this week. Fears over Eurozone debt is also pushing investors into gold as a safe haven. This trend is occurring all around Asia. In the video, regular everyday investors are now buying large amounts of gold, despite the fact that the gold price is as high as it has ever been. This is the reversal of the usual trend, in which investors come to sell gold when the price is high and buy gold when the price is low.
Words of wisdom regarding gold investment are also spoken in this video. Beware to those who see gold as a source of short-term profits or want to trade gold. Investing in gold is a long term strategy intended to preserve your wealth, rather than make you a huge profit. Those who violate this guideline will do so at their own risk.