{"id":374,"date":"2010-09-16T10:42:10","date_gmt":"2010-09-16T17:42:10","guid":{"rendered":"http:\/\/www.goldcoinsrare.com\/?p=374"},"modified":"2010-09-16T10:42:10","modified_gmt":"2010-09-16T17:42:10","slug":"gold-past-and-present","status":"publish","type":"post","link":"https:\/\/www.itmtrading.com\/blog\/gold-past-and-present\/","title":{"rendered":"Gold Past and Present"},"content":{"rendered":"

For thousands of years gold has been valued as the one true form of money, a global currency.\u00c2\u00a0 It has also been used as an investment, a commodity and an object of beauty.\u00c2\u00a0 What many don\u00e2\u20ac\u2122t know is that gold bullion was illegal to own in the US from 1933 to 1974.\u00c2\u00a0 Prior to that gold was used as a currency in the US from 1795 to 1933.\u00c2\u00a0 It is only since 1974 that citizens of the US started to think of gold as an investment<\/a>.<\/p>\n

From 1974 to 1980 gold saw a great bull market run, growing from $175 to $850 per ounce in January of 1980.\u00c2\u00a0 In the 1980\u00e2\u20ac\u2122s and 1990\u00e2\u20ac\u2122s financial markets began to heat up.\u00c2\u00a0 The advent of the 401k really got the stock market going and gold was lost in the minds of individuals as an investment for around 20 years.<\/p>\n

It wasn\u00e2\u20ac\u2122t until 1999 with all of the talk of Y2K that got everyone thinking of gold once again.\u00c2\u00a0 But this time it was thought more of as a safe haven asset<\/a> rather than an investment.\u00c2\u00a0 This kicked off the start of the gold bull market<\/a> that we are currently experiencing.\u00c2\u00a0 As gold\u00e2\u20ac\u2122s value has heated up in the last 10 years gold has once again entered hearts and minds as an investment.\u00c2\u00a0 After all, gold has risen over 350% in this time frame.\u00c2\u00a0 It is no wonder that investors are excited to own it.<\/p>\n

This striking increase in value underpinned by the fact that demand consistently outstrips supply clearly supports a positive resurgence in gold as an asset class.\u00c2\u00a0 But there are many different reasons why gold is acquired, and that depends on who is buying it.\u00c2\u00a0 The main reasons to acquire gold are typically a hedge against inflation, a hedge against the dollar, portfolio diversification<\/a> and investment.<\/p>\n

Foreign central banks typically buy to hedge against dollars and other fiat currencies.\u00c2\u00a0 Large hedge funds and institutional buyers typically buy for a hedge against inflation and profit potential.\u00c2\u00a0 Individuals buy for all three reasons.\u00c2\u00a0 For those reading this, this is the reason I always say it is important to establish your objectives and speak to an account representative at a reputable precious metals firm.\u00c2\u00a0 Everyone should own gold in their portfolio today, especially since we are in the middle of a bull market.\u00c2\u00a0 Take advantage of rising values as well as give your portfolio a hedge against all sorts of possible crisis.<\/p>\n","protected":false},"excerpt":{"rendered":"

For thousands of years gold has been valued as the one true form of money, a global currency.\u00c2\u00a0 It has also […]<\/p>\n","protected":false},"author":6,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1207],"tags":[33,56,58,83,86],"class_list":["post-374","post","type-post","status-publish","format-standard","hentry","category-blog","tag-bull-market","tag-foreign-central-banks","tag-global-economic-crisis","tag-inflation","tag-invest-in-gold"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/posts\/374","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/comments?post=374"}],"version-history":[{"count":0,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/posts\/374\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/media?parent=374"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/categories?post=374"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/tags?post=374"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}