Word: goldings
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Traditionally, gold has been a store of value when citizens do not trust their government politically or economically. In Asia, ordinary people -not investors by any means - historically have held tremendous amounts of gold in jewelry. Now that same concept has extended to more-sophisticated investors, who hold gold not in jewelry but in bars and derivative contracts...
...Gold, then, can be considered a currency, unique in that it is not directly tied to any country's economy. With a global recession that is bound to continue to shake up the purchasing power of all foreign currencies, gold is safer from political and economic instability than cash...
...time to put all your money into gold? That depends on your appetite for risk. The sheer amount of speculation in gold and uncertainty in the foreign-exchange market will keep gold prices as volatile and unpredictable (i.e., risky) as ever. Like any financial market, the gold market is susceptible to manipulation...
...having a small percentage of your assets in gold could serve as a hedge against an exacerbated crisis. At the very least, hold on to your jewelry...
...well competitively this year with the Tufts, BU, and Brown competitions, so I think we’re set up to do pretty well,” she said. And pretty well they did. Chun Xue Patricia Hao ’09 came away with a win in the Gold Level Latin competition, happy to see her hard work pay off. “Since freshman year I’ve been running off in the middle of the night for five hour practices,” she said. “My friends all ask, ‘what...