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Gold comes into its own in times of crisis. When turmoil rocks financial markets, currencies tumble, inflation devours the value of money or geopolitical tension fuels uncertainty, investors recall the protective value of this precious metal. Gold is the “safe haven” in which savers and high-net-worth individuals prefer to take refuge. In recent years, gold has gained a broad following among investors within the context of the commodities boom. And as the price for a troy ounce (33.1 grams) of gold reached a record $1,000, the metal began to attract everyone’s attention. However, the trend toward gold has had a significantly longer history, one underpinned by the interplay of an exceedingly limited supply and a steadily rising demand for the precious metal. Drawing from these fundamentals, this analysis systematically explores the role of gold in wealth creation and investment. Gold has held an enduring fascination for humans. For over 6,000 years now, people have been panning and digging for gold. If one were to amass all the gold ever extracted, it would still form a cube with sides measuring only about 20 meters and weighing 160,000 tons. As a capital investment, gold sets itself apart from other instruments with its combination of unique qualities. Gold is not just a rare, extremely durable raw material that can be repeatedly recycled. Nor is it just a luxury good for end consumers. Gold also serves as a currency. As the only global “currency,” gold has retained or increased its purchasing power over the centuries. In contrast to paper currencies, central banks cannot produce gold at will; and in contrast to bonds, gold is not subject to credit risk. When combined with other investment instruments like stocks and bonds, gold can protect an investment portfolio against fluctuations in value and inflation, enhancing the portfolio’s performance in the process. What types of risks does an investment in gold pose? And what sorts of returns can be expected? How does gold improve the success of an investment portfolio? Aside from bars and coins, investors can choose from numerous other gold instruments. Which of these are best suited for what sort of investment purpose? These questions and more are addressed in the study “Gold – fundamental to investors.” For the Incas, gold was the sweat of the sun. But investments in gold have helped many investors keep their cool during turbulent markets.
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Gold, Eric Czotscher
- Sprache
- Erscheinungsdatum
- 2008
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- Titel
- Gold
- Sprache
- Englisch
- Autor*innen
- Eric Czotscher
- Erscheinungsdatum
- 2008
- ISBN10
- 3899819268
- ISBN13
- 9783899819267
- Kategorie
- Wirtschaft
- Beschreibung
- Gold comes into its own in times of crisis. When turmoil rocks financial markets, currencies tumble, inflation devours the value of money or geopolitical tension fuels uncertainty, investors recall the protective value of this precious metal. Gold is the “safe haven” in which savers and high-net-worth individuals prefer to take refuge. In recent years, gold has gained a broad following among investors within the context of the commodities boom. And as the price for a troy ounce (33.1 grams) of gold reached a record $1,000, the metal began to attract everyone’s attention. However, the trend toward gold has had a significantly longer history, one underpinned by the interplay of an exceedingly limited supply and a steadily rising demand for the precious metal. Drawing from these fundamentals, this analysis systematically explores the role of gold in wealth creation and investment. Gold has held an enduring fascination for humans. For over 6,000 years now, people have been panning and digging for gold. If one were to amass all the gold ever extracted, it would still form a cube with sides measuring only about 20 meters and weighing 160,000 tons. As a capital investment, gold sets itself apart from other instruments with its combination of unique qualities. Gold is not just a rare, extremely durable raw material that can be repeatedly recycled. Nor is it just a luxury good for end consumers. Gold also serves as a currency. As the only global “currency,” gold has retained or increased its purchasing power over the centuries. In contrast to paper currencies, central banks cannot produce gold at will; and in contrast to bonds, gold is not subject to credit risk. When combined with other investment instruments like stocks and bonds, gold can protect an investment portfolio against fluctuations in value and inflation, enhancing the portfolio’s performance in the process. What types of risks does an investment in gold pose? And what sorts of returns can be expected? How does gold improve the success of an investment portfolio? Aside from bars and coins, investors can choose from numerous other gold instruments. Which of these are best suited for what sort of investment purpose? These questions and more are addressed in the study “Gold – fundamental to investors.” For the Incas, gold was the sweat of the sun. But investments in gold have helped many investors keep their cool during turbulent markets.