Think of buy gold San Francisco and it is natural to be reminded of the Barbary Coast, the City's Red Light District during California's Gold Rush of 1948-1855. Miners would rush to exchange their bounty for girls, booze and card playing. It is interesting that the Golden Gate, the inlet leading from the Pacific Ocean into San Francisco Bay, had received its name two years before the Rush even started, by John Fremont.
There is a trend among investors, be they individuals or whole countries like China and Japan, to purchase bullion or coins in a precious metal (gold, silver, platinum and palladium). The government can print more money, but they cannot influence the world's available supply of a precious metal. Generally, as the value of one goes up, the other goes down.
When the American Dollar is strong, precious metals go down. If the Dollar is weak, the value of precious metals goes up. This is however, only one factor in the overall equation.
The true demand for a precious metal may, itself, go up or down. Their value is measured against six specific currencies including the US Dollar (USD), UK Pound, Euro, Swedish Krona, Swiss Franc and the Japanese Yen. If the ore goes up against all of these currencies, then it is reasonable to conclude that its true value has increased.
However, if price is higher in US Dollars than it is in other currencies, this indicates that not only has the US Dollar weakened, but that the golden ore, too, has lost value in the other currencies. Because the price is quoted in US Dollars, it may appear that the value is higher than it really is.
Before making adjustments to any investment portfolio, it is wise to do a bit of homework and consult one or more experts in this field.
There is a trend among investors, be they individuals or whole countries like China and Japan, to purchase bullion or coins in a precious metal (gold, silver, platinum and palladium). The government can print more money, but they cannot influence the world's available supply of a precious metal. Generally, as the value of one goes up, the other goes down.
When the American Dollar is strong, precious metals go down. If the Dollar is weak, the value of precious metals goes up. This is however, only one factor in the overall equation.
The true demand for a precious metal may, itself, go up or down. Their value is measured against six specific currencies including the US Dollar (USD), UK Pound, Euro, Swedish Krona, Swiss Franc and the Japanese Yen. If the ore goes up against all of these currencies, then it is reasonable to conclude that its true value has increased.
However, if price is higher in US Dollars than it is in other currencies, this indicates that not only has the US Dollar weakened, but that the golden ore, too, has lost value in the other currencies. Because the price is quoted in US Dollars, it may appear that the value is higher than it really is.
Before making adjustments to any investment portfolio, it is wise to do a bit of homework and consult one or more experts in this field.
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