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Sunday, March 23, 2008

Where have all the gold gone?

A very long time ago, I wrote an article titled ‘The mysterious month end’ after pondering over the shortage of cash faced by everyone during the month end.

Now, a similar question cropped up in my mind. ‘Where have all the gold gone?’ Why this big spurt in the price of gold? The bullion market veterans offer various opinions. The majority of the opinions point out to the demand supply gap in gold. But I beg to differ.

According to World Gold Council, 60% of the current gold reserve is held by the Governments of the U.S. Switzerland, France, Italy and Germany. But what does it imply?

Oh, well, let us not explore further the world economy and its impact on the price of gold. Let us be wise by going with the present bullion market trend and try to enhance our gold reserve as much as possible. There is an undisputed fact that the beauty of a gold bar lies in its proven ability to diversify investments, protect wealth and preserves one’s purchasing power.

Monex.com is the best resource for buying gold and other precious metals. They are highly experienced precious metals dealer in the world and the Americans trust them completely for the quality of the gold.

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