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Seminole Group - Gold

Inflation Creates Higher Demand for Gold

The element symbol for Gold is Au. This highly desired commodity has been used as money, is a great way to store assets or value, is traded OTC as well as a structered commodity futures and cash contracts worldwide. Gold and jewelry go back as far as the beginning of recorded time.

Gold is the one commodity that is recognized worldwide as having a value that tends to fluctuate in price based on inflation. The more inflation the higher the price of gold, is usually the norm. As a result, investors find haven to hedge theirselves against inflation by placing a percentage of their networth into gold.

American currency used to be backed by gold. The standard was that each American dollar was equal to one dollar in gold. When the US went off of the gold standard it was a time of change and a sign of free trade.

 

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