RME

Gold offers security as Greek banking turmoil spreads

Jul 17, 2015, 7:55 AM | Updated: Jul 29, 2015, 10:29 pm

...

This article is Sponsored by REPUBLIC MONETARY EXCHANGE

When Greece announced its banks would be closed June 29, the U.S. stock market responded with the Dow falling 350 points and the S&P 500 Index down 2 percent. Not coincidently, the price of gold bullion rose as stocks fell. It’s a regular occurrence.

During times of economic uncertainty, gold is seen by many as an economic safe haven. And the crisis in Greece certainly qualifies in the uncertainty category. As a member of the European Economic Community, the collapse of the Greek economy could destabilize the entire region.

RME

...

Jim Clark, CEO Republic Monetary Exchange

Gold offers security as Greek banking turmoil spreads

When Greece announced that its banks would be closed June 29, the U.S. stock market responded with the S&P 500 Index falling 43 points or about 2 percent. Not coincidently, the price of gold bullion rose as stocks fell. It's a regular occurrence.

9 years ago

...

Jim Clark, CEO Republic Monetary Exchange

The truth about buying gold

"All that glitters is not gold," wrote William Shakespeare in The Merchant of Venice. The quotation is meant as a warning that just because something is bright and flashy isn't a measure of real worth.

10 years ago

...

Jim Clark, CEO Republic Monetary Exchange

5 reasons you should be buying gold right now

With Cash for Gold stores popping up in recent years, one might get the wrong impression about this precious metal. Trading unwanted jewelry is much different than investing in the real deal.

10 years ago

Gold offers security as Greek banking turmoil spreads