Gold Prices
The gold prices (buying and selling) have been announced for Wednesday – for some reason, this has now become a daily story, despite occupying only a few lines. Why is this happening? Is there something I am missing? Well, almost certainly, based on past experience. Incidentally, gold prices have been rising fairly steadily over the last couple of decades and, I am informed, the principal reason for this is the increasing wealth of Asian countries (e.g. China, India, Vietnam and, indeed, Thailand until 9/19). As people become wealthier, they want to spend their money on items that keep their value (because of generations of caution about not having any savings) and so gold is bought, usually in the form of ornamental jewellery for the women of the family. This is done on the understanding that, if bad times strike, the jewellery can be sold off to raise cash.
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Gold Prices
