Gold in a recession
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It is time to talk about recession and gold. Being in a recession means having small inflation and investment, and after that comes unemployment in weaker sectors of the economics. People lose finance stability, many sectors suffer hard. Reasons for recession can be many. But one thing is for sure – no one wants the economics to crash.
For that, something has to be done. And it can be done. Now is the time to say there were some recessions in the past – World War II, and many countries as single recession – like 80’s in the USA, or 2008 until now.
But what has gold to do with all this? We defined what recession is; now it is time for some explanation about gold in a recession.
Gold is a rare expensive metal. It has been discovered thousands of years ago. It was used for coins, jewelry and some other stuff – like churches and some other buildings. Good to know is that gold comes in different types – some types can be cheaper or more expensive that others – the measurement is called carat. And good to know too is that people have been killing for gold in the past – gold has been the reason for many men to die. Many men gave their lives for gold – that could have been done in many different ways. But nowadays that is unthinkable – it doesn’t need any explanation.
Gold is tradable. Trading gold in a recession and exchanging has been done from the very beginning of trading. Rare, expensive and hard to be found – gold becomes very good trading coin. Comparing to money, gold is exhaustible. Practically, money is inexhaustible – it is made from paper.
That is one of the reasons why money devaluates – their value becomes unstable, in some points with no real value. That is why people use gold in a recession. What has to be done?
When money devaluates, gold becomes more expensive. The price of gold in a recession raise immediately because of the crisis – the moment is like thin ice. Some households have golden jewelry stored in secured buildings like banks. That is a good decision, because even if you have no money, you can still trade and assure yourself and your family for their future. It is your choice if you want to store golden stuff home or in a bank.
Some people trade gold for profit. They are very good economists. But playing with finance and exchanging can be really bad if you are not sure what you are doing – so if you don’t want to risk, just assure yourself with some gold.
Is golden jewelry an option for you? Yes, in fact it is one good opportunity to get some finance security. Coins or gold bullion – you have many good choices. A necklace, bracelets, rings too – good looking stuff. Watches of gold are very beautiful and aristocratic. But it is good to be careful too – those are some expensive goodies – people steal. Yes. You must be very careful, protect your savings – as long the gold is expensive for you, it is expensive for the others too.
References:
http://ounceofgold.net/how-much-is-an-ounce-of-gold-worth/
http://priceofplatinum.org/price-of-platinum-ring/