Friday, August 5, 2011

Who's Buying All The Gold?

Who is buying up the most amount of gold in 2011?  The answer might genuinely surprise you.  The source for this answer comes from statistics collected and prepared by the World Gold Council.  The World Gold Council claims that central banks have bought more gold in the first half of 2011 than all the gold purchased for central banks in the whole year of 2010.

The principal influence of this fiery trend is the emerging market banks are a chief buyer.  Mexico also acquired a massive amount of gold in the second quarter of 2011.  The exact amount purchased by Mexico is believed to be a 100-tonne gold reserve acquisition.

Many people continue to argue if gold prices and values will keep rising.  Since their is such a worldwide demand for the commodity of gold, most people believe this current upswing will continue.  The fact that gold has had such a positive performance in the past leads many to have confidence that gold does have a role as a unique asset class.

Stock Market Falling, Gold Prices Rising

The current condition of the economic state in America is disturbing and alarming.  Before, not many people were concerned with our national deficit besides politicians.  Now it seems that not only are people interested, but everyone has something to say about the debt crisis.  With the worlds eyes turned firmly on the United States, the discouraging reality of its financial affair was seen and commented on by all.  Of course the harshest critics were the newspapers and media.  Their prediction was that gold prices would fall drastically fast, but that stock prices would gain rapidly.  They claimed that these predictions would come to pass after Congress settled on an increase to the nation's deficient.

To many people's surprise, the projection from the newspapers and media turned out to be completely wrong.  Not only were their expectations wrong, but the contrary actually happened.  Gold prices rose and the stock market prices began falling!  For specific information, please fell free to visit our website SarasotaCoin.com and fill out a contact form or call us!