On Thursday morning in London, Gold Bullion come within a few cents of $ 1,595 per ounce, while the market for a new place, she earned a record profit of 7.8% from July 1. Also, Gold Bullion also records a new dollar in London Fix on Thursday morning, at $ 1,592.50 an ounce.
While the price of silver rose to $ 39.39 per ounce – 16.3% increase since July 1, then, the stock market and U.S. Treasury bonds to decline. Seeing this, it made a startling conversation because gold becomes more attractive by the day though at record highs. In addition, a more interesting also that gold is also reacting to the same cocktail of bullish factors. Gold Bullion prices soared so high and sovereign crisis come the Greek and U.S. quantitative easing which looks like a more bullish now. Until the end, President Obama out of budget talks with Republicans, on Wednesday, pointing out that politicians are no closer to agreeing a deal to raise the debt ceiling Federation on August 2.
Meanwhile, rating agency Moody’s has previously announced that the U.S. government bonds on review for downgrade and citing concerns that Congress may not agree to raise the federal limit of $ 14300000000000. Because, what is sought from the increase that limit? Each standard U.S. will usually be a “major crisis” and will “throw wave through the entire global financial system.
So, if this happens, it will most likely impact of economic weakness. And this will prove more persistent than expected, and then the risk deflation will come back. The U.S. dollar will keep falling against the euro, as happened on Thursday, where it has hit the € 0.72 to 2.8% decline in 48 hours. Therefore, if you’re looking for investments with Gold Bullion, then find cost-effective way to get physical security and Gold Allocation. Also do not forget when investing in gold, be sure to choose the gold company that has a solid reputation in the industry. Remember that the gold market is subject to speculation, so they are idea better to invest when there is relative calm in the market, not in the midst of a crisis. So, when there is economic turmoil, political, or social, so prices are usually higher, because demand tends to outstrip supply. The gold investment is a wise choice, and can be the ideal solution for creating and preserving your wealth.