Aug 26, 2011 1:25 am
Last week I wondered on this blog about a gold bubble. The price of gold had been sent sky-rocketing by plummeting stock as is always the case. This week stocks seem to be rebounding which we suppose is good for the economy over all but does not bode well for the gold market. Not that it makes much of a difference. The last few years of gains are not about to be erased over night. Now is still a really good time to utilize your NYC gold refinery. Besides, just because some stocks have bounced back does not mean a big pile of cash has been shoved in your pocket. Gold refineries in New York on the other hand can get you cash in your hand today if you need it to.
The other thing to remember when it comes to gold markets is the economy is no where near a stable place yet. With continued unrest in the Middle East, a heated presidential election in the next year, and a jobs market still plagued by unemployment, gold remains a sound investment. And A NYC gold refinery remains a valid way to get some cash when you need it.