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Turn To Gold To Overcome The Financial Crisis
One of these recent days I found out there is a review on commodities’ prices and their relationship with real goods, conducted by someone who has a history as a mathematician but has been, for his entire life, somehow “immersed” in financial news. Chris Laird, the analyst known by many as a certified administrator of Oracle database and publisher of Prudent Squirrel Newsletter (I think few are aware that he is in fact the son of Jere Laird, business editor of KNX news AM 1070, Los Angeles, and that his grandmother was Alice Widener, publisher of USA magazine in the 60′s to 80′s, a newsletter that covered many of the topics you find today at the preeminent gold sites) performed this analysis and was driven to the conclusion that gold accurately reflects the changes in prices of goods. As a very simple example, if in 1908-1930 the loaf of bread amounted to 10 cents, it nowadays costs 3 dollars, which is 30 times higher. Similarly, the price of gold is now roughly 30 times higher. Continue reading
Posted in Finance
Tagged buy gold, economy, Finance, financial investment, financial problems, Gold, gold bullion, gold news, investment
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