Yesterday, I was reading an article about ways to buy gold coins, when I started to shake and chill. I thought the temperature just dropped since there is a hint of rain. But, hubby said he feels hot and the rest of the people also assured me that. Well, I just ignore it; instead I cover myself with sheets of blanket and continue with what I’m doing.
My attention was indeed captured by the news of gold being the next bubble product. Basically, the popularity of gold makes some investors a tad nervous, particularly when its popularity is reported in mainstream media. Gold has been receiving special attention from investors since last year. Good thing, even with all the interest we are far from approaching a gold bubble.
Historically, gold has always been known as a safe-haven investment because it retains value. Investors flee to gold to protect their investments especially when recession hits. Mining companies felt the pain when gold prices fell to around $300/oz. Many decided to cut their expenses and abandon all mining projects in order to cut costs and keep revenue.
However, gold is back again. Mining companies are back in the game and moving at full speed exploring 20-30 year-old deposits with new technology as well as exploring untouched deposits. There is no doubt that investors will be watching the yellow metal very closely over the coming years and we may see gold break new records.
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