Gold
From Financial Literacy Wiki
In ancient times, people have often used gold as a form of savings. When the local currency was down, they would get more for their money if thay had a private stash of gold. In modern times, gold is seen as a buffer against inflationary surges. Gold tends to perform inversely to the prices of stocks and bonds and sometimes performs well during an economic downturn. As such, gold can be seen as a buffer when mainsteam stocks do not perform. Thus it should have a place in most people's investment portfolio.
The usual benchmark for the price of gold is known as the London Gold Fixing, a twice-daily (telephone) meeting of representatives from five bullion-trading firms. Furthermore, there is active gold trading based on the intra-day spot price, derived from gold-trading markets around the world as they open and close throughout the day.
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