Consumers Eyeing an Investment in Gold

Gulf News Archive Gold, once a measure of wealth of the great empires, has emerged as a financial hedge for all. By Cleofe Maceda, Staff Reporter Published: March 24, 2008, 00:43 Gold prices moving above $1,000 per ounce might have been expected to prompt consumers to give pause. Opinions differ about that for the medium term, but the market certainly reacted, deciding the metal was suddenly overpriced. "Gold buying on a retail level has dramatically reduced. This is very typical of the markets in the Middle East and on the Indian subcontinent. Interestingly enough, this is not only true for higher prices but also when the price drops," former World Gold Council head Rolf Schneebeli told Gulf News.

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Consumers Eyeing an Investment in Gold

Gulf News Archive Gold, once a measure of wealth of the great empires, has emerged as a financial hedge for all. By Cleofe Maceda, Staff Reporter Published: March 24, 2008, 00:43 Gold prices moving above $1,000 per ounce might have been expected to prompt consumers to give pause. Opinions differ about that for the medium term, but the market certainly reacted, deciding the metal was suddenly overpriced. "Gold buying on a retail level has dramatically reduced. This is very typical of the markets in the Middle East and on the Indian subcontinent. Interestingly enough, this is not only true for higher prices but also when the price drops," former World Gold Council head Rolf Schneebeli told Gulf News.

Read More Here

Consumers Eyeing an Investment in Gold

Gulf News Archive Gold, once a measure of wealth of the great empires, has emerged as a financial hedge for all. By Cleofe Maceda, Staff Reporter Published: March 24, 2008, 00:43 Gold prices moving above $1,000 per ounce might have been expected to prompt consumers to give pause. Opinions differ about that for the medium term, but the market certainly reacted, deciding the metal was suddenly overpriced. "Gold buying on a retail level has dramatically reduced. This is very typical of the markets in the Middle East and on the Indian subcontinent. Interestingly enough, this is not only true for higher prices but also when the price drops," former World Gold Council head Rolf Schneebeli told Gulf News.

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All That Glitters May be Gold

The 19th century philosopher Friedrich Nietzsche once had this to say about gold: "How did gold get to be the highest value? Because it is uncommon and useless and gleaming and gentle in its brilliance; it always gives itself."

I'm not quite sure what Nietzsche meant about gold giving itself, but the rest seems quite clear: Nietzsche was a fan of the yellow metal.

I'm old enough to remember the last bull market in gold during the 1970s. I worked in a bank then and I recall seeing people come in with their gold bullion to put in their safe deposit boxes. It seemed that everyone wanted gold.

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All That Glitters May be Gold

The 19th century philosopher Friedrich Nietzsche once had this to say about gold: "How did gold get to be the highest value? Because it is uncommon and useless and gleaming and gentle in its brilliance; it always gives itself."

I'm not quite sure what Nietzsche meant about gold giving itself, but the rest seems quite clear: Nietzsche was a fan of the yellow metal.

I'm old enough to remember the last bull market in gold during the 1970s. I worked in a bank then and I recall seeing people come in with their gold bullion to put in their safe deposit boxes. It seemed that everyone wanted gold.

Read More Here

All That Glitters May be Gold

The 19th century philosopher Friedrich Nietzsche once had this to say about gold: "How did gold get to be the highest value? Because it is uncommon and useless and gleaming and gentle in its brilliance; it always gives itself."

I'm not quite sure what Nietzsche meant about gold giving itself, but the rest seems quite clear: Nietzsche was a fan of the yellow metal.

I'm old enough to remember the last bull market in gold during the 1970s. I worked in a bank then and I recall seeing people come in with their gold bullion to put in their safe deposit boxes. It seemed that everyone wanted gold.

Read More Here