Why travelling with a small bar of gold provides security in case of emergency.
Gold is a universally recognised currency and is bought and sold all over the world. Carrying a small piece of gold (1oz or less) in your wallet when you travel means you can easily access additional funds should you find yourself in an emergency.
The World Gold Council recently conducted a huge piece of consumer research surveying 18,000 people across India, China, USA, Canada, Germany and Russia.
Participants included retail investors, those who buy gold jewellery and people who don’t buy gold at all. The aim was to discover how people think and feel about gold and why, what motivates them to buy it, and what obstacles they may need to overcome to do so.
Gold has had a very good year… but what does the future hold? Tony Coleman shares his thoughts.
Gold opened the year at $1,910 (US$1,275) after a very quiet 2018 Q4 where it moved sideways. Gold tested the US$1,350 level four times in 2018 and just kept bouncing off resistance. It repeated the process in February and then finally in June, due to increasing trade tensions with China the yellow metal blew through resistance to finally top out at $2,400 (US$1,566) on September 4th.