A few months ago is a remarkable day for Americans in particular and for other nations in the world that make America as his teacher ... Stand. Suddenly they rejoice as if forgetting all the pain that the financial crisis for months to undermine the whole country.
In this emotional atmosphere, it is not strange when emerging new expectations realistic irrespective of whether or not these expectations. Above expectations (which could be this nonsense), their economic icons of U.S. $ rose sharply yesterday. At the time I write this article U.S. $ Index stood at 86.08. Known only fall comparison of paper currency. The euro stood at 1.2925 (U.S. $ / Euro) and the amount is at number 11, 245. (USD / US $).
When the U.S. $ more powerful compared to other paper currencies, gold prices usually go down - because the gold in the international market was also purchased with U.S. $. But what happened yesterday was not the case. Gold prices rise along with rising U.S. $.
Why did it happen so?. Two prominent field of financial news sources call it almost simultaneously. Dow Jones Newswire call the Flight to Quality, while Reuters called Flee to Safety.
According to Dow Jones,-do investors move their funds to the qualified investment that is gold because they are worried of the condition of the banking system. In the UK, which is one of the world's largest gold market, an indication that the world of banking is still in big trouble is the government's announcement that it will expand the scope of its financial industry rescue.
Meanwhile, according to Reuters, soaring public interest investors to gold-based products such as Exchange Traded Fund (ETF) that is fully in the backed-up by gold, not separated from the global economic gloom with the existing financial system.
When the community of investors to think logically and not driven by emotion and euphoria alone - then the gold would be one choice, and the price of gold will rise.
Also, when people think of quality investment, gold answer. Similarly, when the investors want to run to a safe investment, gold is also the answer.
Quality, Safety and Gold seems to be a word that is identical to one another in the investment world.
When the community of investors to think logically and not driven by emotion and euphoria alone - then the gold would be one choice, and the price of gold will rise.
Also, when people think of quality investment, gold answer. Similarly, when the investors want to run to a safe investment, gold is also the answer.
Quality, Safety and Gold seems to be a word that is identical to one another in the investment world.
