Gold Now Worth Its Weight In Gold
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Gold has reached an ATH (all-time highest amount), rising to over $3,500 an ounce for the first time, making it one of the most precious metals in the world.
The boost comes after Donald J. Trump (the president) started fresh beef with the Federal Reserve Chair Head, Jerome Powell, and called him mean names. Coupled with a frightening stock drop, investors are now turning to gold as the new “gold standard”.
Some are now saying that gold is “worth its weight in gold”; however, others are saying that it’s not. Only time (and this set of old-timey scales) will tell.
In a matter of weeks, gold and gold related products might reach $4,000. Which is a lot of money to spend on gold if you’re really not planning on doing anything with it.
The dollar was once the stable currency global investors could rely on, but now with the volatility of the dollar (dollatility if you will), investors are turning to the far more stable and never fluctuating gold for investment opportunities.
Dow Jones (I’ve never met him but I’ve heard he’s lovely) has made his hardest drop since he used to DJ during the great depression. This is scary because that was a bad time. Historians predict that various 1930s trends are likely to make a comeback, including hobos and old-timey scales.
Gold And Days
Gold has long been popular amongst money people not only because it’s shiny but also because, unlike other currencies, it’s real.
Metal buffs will tell you that gold is one of the most golden-colored metals ever discovered. When first discovered, gold prospectors saw gold as rare because they hadn’t found much of it yet.
Since then, however, much more gold has been discovered, mostly in the ground. Gold owners across the world have attempted to make gold more valuable by naming expensive things like memberships and casinos after the metal.
Only now has this investment finally paid off, making fictional characters such as Goldfinger and Scrooge McDuck millionaires.
For more on this story, click here over there somewhere…
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