If you still believe that the gold is only for investments, maybe this article will change your mind:
Gold Fix Study Shows Signs of Decade of Bank Manipulation
The London gold fix, the benchmark used by miners, jewelers and central banks to value the metal, may have been manipulated for a decade by the banks setting it, researchers say.
Before reading this article let’s review a few questions:
This news about gold manipulation price, does it really matter? Is it even relevant to you as you go about your busy schedule?
First, we need to understand that the gold investment is not for the majorities of population. People often confuse the terminology between “Investment” & “Protect” in finances. But in this article you will see that if you are an investor or not, you will be thinking that it is important to review these questions: May be you do not have access to buy gold, for many reasons such as where to get it, pricing, quantity, etc; but, are you questioning, why your money isn’t working for you? Or why your purchase power is less and less every single day?
Too many people believe that it is not a good time to buy gold, because the price is unstable. In this article, these prices are manipulated for the advantage of the biggest banks. So, what are you doing to protect your fiat money ($/€)? With more paper money? Work harder? What happens when the market finally notices that the world currency (Dollar) does not have value? What will happen with the value of your paper money, your earnings, and your savings? The gold investment industry is just for qualified investors. The 90% of the population need to protect their money that they have already earned.
Bloomberg: Another Gold Price Fixing scandal bomb was dropped today: http://www.bloomberg.com/news/2014-02-28/gold-fix-study-shows-signs-of-decade-of-bank-manipulation.html
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