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WHAT IT IS – HOW IT WORKS – WHY?
By Staff Reporters
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What it is: With its use as a commodity tracing back to Ancient Lydian merchants over 2,500 years ago, gold has the most staying power of any indicator on this list. When investors talk about gold prices today, they’re most likely referring to the price per ounce of gold bullion (those gold bars bad guys keep in briefcases).
How it works: Gold is priced in U.S. dollars around the world. Investors can buy physical gold in the form of bullion or coins or go for more intangible gold securities, such as futures, ETF shares, or investments in gold mining companies.
Why it matters: In a 21st century economy where currencies aren’t pegged to the gold standard and credit cards are the medium of exchange, some investors argue gold is a relic. But others turn to the metal for diversification or as a “safe-haven asset”—something to buy during times of geopolitical or economic uncertainty because it holds onto its value.
CITE: https://www.r2library.com/Resource/Title/082610254
RELATED; https://www.forbes.com/advisor/investing/how-to-invest-in-gold/
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Filed under: Glossary Terms, iMBA, Inc., Investing | Tagged: commodities, gold, gold bars, gold bullion |
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Gold Futures
https://www.msn.com/en-us/money/markets/gold-futures-climbs-over-1percent-as-sanctions-hit-russia-but-strategists-say-bullion-could-run-higher/ar-AAUpZ2L?li=BBnb7Kz
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