Rich People Love Gold
Posted on 03.25.2010 : Authored by Kathryn Smith
In 2009 the wealthy people were obsessed with gold. This is also the case now, in 2010. They have the conviction that selling gold is a bad financial move and that purchasing and owning gold is much better. Due to the financial instability in which we live today might just prove them right. If they are still purchasing gold in our days, then why shouldn't we do the same thing?
If a survey was made among the 400 richest Americans it would reveal the fact that most of these people have a large part of their fortune invested in things like cash, Treasuries and last but not least, gold. The most plausible and most honest reason for this is that they are simply afraid of what might happen to their wealth.
These rich people are afraid that they will lose all their money and their assets So, the sanest thing that they have come up with is to invest in gold. Also, the fact that everybody has little expectations from 2010 could be another reason why they decided to invest in gold.
They believe that is the case of economy this year is going to be like last year. Taking into consideration that they have a considerable wealth they have to protect it is very unlikely that they would do something to endanger that wealth. It is highly probable that is advice has come from their financial advisers.
And if the richest people in America are investing in gold why shouldn't we start investing do? Also, we could follow the advice given by the Chinese government to its people, and that is to start investing in gold.