Whew! I’m the only person in this house that feels cold. Actually, I’m shaking and chilling to death already. Four sheets of blanket are covered around my body. It only means I’m already running a fever. When hubby took my temperature it started at 37.5 degrees, then later after 30 minutes it rises to 38.3. That is the reason I feel cold despite their complaints of hot weather.
But, it will not stop me from checking the web. I’m in the middle of reading news about gold. I’m caught by the question “when will this ‘gold rush’ be over? And “Are we approaching a gold bubble?” Hopefully not because I’ve always want to buy gold coins as an investment.
Basically, gold has been receiving special attention from investors since last year and when it hit all-time highs that interest peaked even further. Even with all the interest in gold we are far from approaching a gold bubble.
Historically, gold has always been known as a safe-haven investment because it retains value. Investors flee to gold to protect their investments. But, many decided to cut their expenses and abandon all mining projects in order to cut costs and keep revenue pain when gold prices fell to around $300/oz. Now that gold has once again soared, mining companies are back in the game and moving at full speed exploring 20-30 year-old deposits with new technology as well as exploring untouched deposits.
There is no doubt that investors will be watching the yellow metal very closely over the coming years and we may see gold break new records. As far as the gold rush coming to an end, it’s something that we probably won’t see in the near future.
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