Once a wise man said that “Gold is the corpse of value…” – Neal Stephenson. And today I understand what this gentleman was talking about.
After seeing today’s gold value which hits 5 years low I initiated some research about gold investment and found out that the same thing has happened before. In the past century, gold has seen ups and downs nearly a dozen times, like in 1915-20, 1941, 1947, 1951-66, 1974-76, 1981, 1983-85, 1987-2000 and 2008.
Gold is known as the king of the precious metals. Governments pile up it in their most secured places. A large number of investor tells people to invest in it. But it is history now; gold hits a new low nearly down 40% from its financial crisis peak in 2011. Is has always been a favorite investment for people who do not believe in financial banks, their governments or national banks.