(Source: MARKETWIRE)
The recent explosive rise in the price of gold has fuelled interest
from investors and has stimulated new and sometimes novel ways in
which gold is being sold. The price of gold has reached an
unparalleled high recently and according to experts it is set to
continue to rise during the foreseeable future. At the beginning of
October gold reached $1,048.50 an ounce which pushed the price up
above the previous peek which was reached in March last year.
The price increase is attributed to investors who buy gold as a safe
haven as the dollar price continues to fall and because of the
prolonged economic crisis.
A representative from Capital Economics was quoted in a recent
article as saying, "gold is one of the few investments where there is
a case for explosive gains in the coming weeks".
Gold is becoming more accessible to investors large and small. There
have been many novel and interesting developments in the gold market
recently.
The most significant has been the introduction of online gold
exchanges like Au (www.goldmadesimple.com). The philosophy of this
website is to enable investors, however experienced and whatever
amount they have to invest, to take advantage of the opportunity to
profit from gold. With this system the gold bars can either be stored
for you in secure vaults or delivered directly to you.
One of the more novel innovations was the introduction of gold
vending machines in Germany earlier this year. The machines have been
sited in airports and railway stations throughout Germany and enable
investors to buy gold as the wait for their train or plane!
In the last week Harrods, the exclusive Knightsbridge department
store has entered the market in gold. The prestigious store is
providing private investors the opportunity to buy gold bars and gold
coins from the store's private bank. Gold will actually be on display
on the lower ground floor of the store in a reinforced secure glass
cabinet.
There has even been resurgence in the American gold rush with sales
of panning and mining equipment up. Individuals are buying the
equipment in the hope that they will strike it lucky and discover
deposits of gold as the prospectors did 160 years ago during the
original Californian Gold Rush.
And even new ways of making gold are being sort! According to reports
a bacterium has been discovered that turns gold compounds into the
metallic gold. The discovery was made when bacteria C. metallidurans
was found in two gold deposits in Australia.
With the price predicted to continue it's likely that the
extraordinary interest in gold will be fuelled for some time yet.
Contacts:
Gold Made Simple
Jason Cozens
Managing Director
0845 688 4491
www.goldmadesimple.com
SOURCE: Gold Made Simple
A service of YellowBrix, Inc.
