This was an excellent article. It was well written, easy to understand and actually very interesting. I have recently seen commercials that try to sell away their gold and promise that the price of it has risen steadily over the last few years. They show graphs and charts to show how well it has performed and promise that gold is showing signs of growing in value even more. I assumed this would be a poor man's attempt to invest. No well managed business would sell their gold at this point in time if they thought that in the near future it would be worth even more than it is today. But with the recession and a possible doomsday approaching, I can see how the demand of gold could sky-rocket in the coming years. In the year 2012, people will be uncertain if civilization as we know it will come to an end. Those who truly believe in the Apocalypse will have no idea what to expect if they survive. The American dollar could be reduced to a fire starter but gold will remain rare and beautiful no matter what occurs. Even if we are reduced to caveman times, the value of gold will survive the impact.
The author did a great job in constructing the article. He gave it a good foundation starting with how gold has been used throughout virtually all of mankind and points out that it has done considerably well over the past few years. He uses the Y2k epidemic and the Great Depression as references to the fact that disaster scares are a perfect launching point for an already well performing commodity. He shows his knowledge of economics by giving a supply and demand prediction that the future chaos may produce. I like the ending to the article in which the author warns us that if the Mayan calendar ends and the world continues to go on as normal the gold that has been hoarded will become far less valuable and closes with a little humor on how to avoid it.
I found one grammatical error and he got a little comma happy, both near the bottom of the second paragraph. He used some informal language in some parts of the article but it was in good taste. Other than that this was a very good blog and a good read for me.
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.