Sunday 28 August 2011
Posted by
Admin Hijrah Dinar
Gold is officially the most desirable precious metal, asset, and
safe-haven in these tough economic times, and seasons of political
unrest.
According to the Aug. 11-14 Gallup poll, 34 percent of Americans choose gold as the best investment option. Real estate is in second place, then stocks/mutual funds, followed by savings accounts and CDs, with bonds as the fourth top-rated investment.
Although middle-class Americans, older men, and Republicans choose gold more-so than other subgroups, gold remainds the top pick, regardless of age, gender, political affiliation, or income.
Upper-income Americans as well as women are the most likely to look to real estate as an ideal long term investment. And low-income Americans are likely to turn to savings accounts -- after gold, of course.
That being said, be sure to keep you eye on gold the the coming days and weeks.
*Indented updates and charts from GALLUP.
According to the Aug. 11-14 Gallup poll, 34 percent of Americans choose gold as the best investment option. Real estate is in second place, then stocks/mutual funds, followed by savings accounts and CDs, with bonds as the fourth top-rated investment.
Although middle-class Americans, older men, and Republicans choose gold more-so than other subgroups, gold remainds the top pick, regardless of age, gender, political affiliation, or income.
Upper-income Americans as well as women are the most likely to look to real estate as an ideal long term investment. And low-income Americans are likely to turn to savings accounts -- after gold, of course.
The demand for gold has soared in
recent years, as the financial crisis engulfed the global banking
industry. More recently, the efforts of nations around the world and
their monetary authorities to stimulate the global economy and avoid a
repeat of the 1930s have made gold even more attractive. Current
sovereign debt problems have only added to the demand for gold.
Gold has always had limited
industrial uses, but great value in jewelry and as a precious metal.
Now, the proliferation and basic devaluation of paper currencies has
people on Wall Street talking about gold as a currency and pricing it
accordingly -- something approaching a market-established gold standard
that relates paper currency to an amount of gold.
This information most defintiely reveals how uncertain the public is
in regards to the economic outlook in the United States, but it could
also reveal a bubble in gold's value, especially after Wednesday's
drastic gold dip.That being said, be sure to keep you eye on gold the the coming days and weeks.
*Indented updates and charts from GALLUP.
Category:
Gold Saving / Investment
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