If someone wants to argue against gold and wants to take the easy way out, should use the following argument: “Gold does not yield interests”. For years, this sentence could be read again and again, because actually gold does not guarantee safe profits. However, the argument has become worthlessin times of zero interest rates – because call money or the good old savings account guarantee virtually no interest nowadays. And that’s not all: By rising inflation savings may...
The rush to coin fairs such as the “World Money Fair” and the massive interest in gold bullion coins creates the impression that gold has increasingly developed from an insider investment to a mainstream investment product. In fact, gold is still a fair way off from that. Although in opinion polls, the agreement for gold as an investment product has been constantly growing for years, to date “only” every eighth totenth German actually possesses gold for investment...
The worldwide supply of gold is at first glance surprising manageable – this is particularly impressive when you look at the headquarters of the precious metal trader “pro aurum”. The dimensions of the building in accordance with the amount of gold that has been promoted in all of human history before. In accounting terms, the global gold, if you could gather it in one place a cube of only 20 meters edge length. This corresponds to approximately 166,000 tons of gold. However...
In recent years, the prediction of a specific price of gold has become a real sport – even values up to 5,000 dollars or even 10,000 per ounce were proclaimed. The fact is, price forecasts are crystal-ball gazing. Although trends can be derived, the price of gold is influenced by numerous factors. However, there are some well-founded calculations which give information on a fair price for gold. For example, the historic all-time high was at 850.00 US dollars per ounce in January 1980...