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Why are people buying gold? |
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A current thread on Cointalk contains a brilliant summary of the reason gold has been recently, and continues to be, a hugely popular choice for investors. (Check the last post on this page.) The fact is that people are continuing to buy gold, and keeping the price high both for bullion and coins, for a variety of reasons, not a single one. Apprehension about the true state of the economy and fear about devaluation of the dollar and declining gold production by the mining companies are only part of the story. Even if you are well-informed about gold already, there are many reasons for buying gold which may not have occurred to you on that list.
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