Gold, The Saver Of The World

The world nowadays is no longer a safer place from any point of view

. One of the fields which faces the same problem is the economical one. It is as if the world has become a boat full of money which is in leeway. It needs something safer than paper to keep it floating. It needs gold.

At present, the world wide economical situation is not extremely stable. Some countries were on the verge of bankruptcy. The only solution to save the country and its citizens was to sell the reserve of gold owned by the state. Ideally, each country should have an amount of gold especially gold bullion in its treasury. In the most recent years, more and more countries understood how important it is to be in the possession of the yellow metal. For this reason, they tried to explore the mines they had in their own countries.

Important countries in the production of gold like China or India have tried to purchase as much gold as possible. China has its own politics and it has not been affected by the crisis. Still, the Chinese understand the importance of gold and try to buy it in different forms. Even gold statues of their gods may represent financial power.

USA has been aware of the power that the glittering metal has even from the Gold Fever which took place a few decades ago. The American citizens passed through a period in which they were not allowed to buy as much gold as they wanted. The authorities were trying to safe the dollar, but gold has proved to be stronger. The central Banks of England and Switzerland faced the same issue. Nowadays countries like Turkey, India, China, important world powers like the USA and Japan, all try to buy as much gold as possible. It is like a stone that is going to resist brassily in front of the economical storms.

Turkey is another country with an important tradition in what gold is concerned. Central banks from England and Switzerland have tried to limit the acquisition of gold in their countries because people have realized that gold is the only anchor they may have in the hurricane created by the crisis and tried to buy it in excess. Beyond the limit imposed, all the available gold will be in great demand in the near future.

by: Jack Wogan.

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