Current Events: Gold May be a Bad Investment

          According to CNN, investing in gold may be a bad idea.  All over the world, people believe that gold will always have the same price, even if the cost of everything else collapses.  This is because of the value we have for it.  In the past decade, the price of gold has risen by 600%, even though the global demand for gold has gone down by 18% since 2004.  Many people consider gold as something to invest in, not something to actually use, which is why the price of it has gone up, but the demand for it has gone down.  Also, gold has become much more accessible.  You can now buy gold more easily than you can buy stocks and shares, and in some countries, you can actually obtain this metal from dispensers like ATMs.  According to the article, this is very strange, and the fact that everyone is using gold is more psychological rather than reasonable.  Everyone is so attracted to gold, and that is why it is so expensive.  Once gold goes out of fashion, the gold market will collapse.  So, contrary to what you might think, investing in gold may not be the brightest idea ever. 

For more information, go to:  Gold Investments