The change in the price of gold and silver reflects popular feeling as the to stability of the world economic system, and at this point the soundness of the United States Dollar. Since the end…
Tag: Precious Metals
The change in the price of gold and silver reflects popular feeling as the to stability of the world economic system, and at this point the soundness of the United States Dollar. Since the end of WW II the US Dollar has been the bedrock of the world economic system [prior to the war, it was the British Pound for 100+ years] The crash of 2008 greatly undermined world wide faith in the entire system, and the dollar in particular. Which lead a run up in the prices of precious metals. The silver market is especially volatile, since it is not as transparent as the gold markets, and groups of individuals can cause a price run up. There have been a number of instances where this has occurred. When the price of silver started getting really unnaturally high, [in the $50 ozt range] the exchanges decided to up the deposit requirement to purchase option contracts by about four times the previous amount.
10 Things to Know When Selling Your Gold
As one of Houston’s Top Gold Buyers, we want our consumers to be well informed to make the best financial decisions when selling their gold. Your prized possessions that are now outdated, broken, or are unable to be…
