Thursday, February 09, 2006

Years of Gold


To fully appreciate why 8,000 years of experience say gold is forever, we should review why the world reveres what England's most famous economist, John Maynard Keynes, cynically called the "barbarous relic."
Why gold is "good as gold" is an intriguing question. Dr. Sigmund Freud, the founder of psychoanalysis, suggested that "our fascination with gold is related to the erotic fantasies of early childhood." However, we think that the more pragmatic ancient Egyptians were perhaps more accurate in observing that gold's value was a function of its pleasing physical characteristics and its scarcity.GOLD is the oldest precious metal known to man. Therefore, it is a timely subject for several reasons. It is the opinion of the more objective market experts that the traditional investment vehicles of stocks and bonds are in the areas of their all-time highs and may be due for a severe correction. In fact the traditional indicators of valuation are far past the excessive readings of 1987 and worst than even 1929! In warning recognition of current market mania, former Federal Reserve Chairman, Alan Greenspan, poignantly admonished that current market excesses display "IRRATIONAL EXUBERANCE WHICH MAY LEAD TO A FINANCIAL ASSET BUBBLE!"
Therefore, astute and prudent investors are seeking alternative investments. Their strategy is to seek risk diversification away from stocks and bonds, currently near all-time highs - in order to take positions in hard assets, which are presently near multi-year lows, and hold promise for reasonable good returns in the future.
Gold, because of it's high quality and symbol(Gold is forever, it is malleable) it is one of the most sought after good the world's most conveted and exquiste jewelry. so you tell me, where do i look for Gold. via gold_eagle .

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