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RE: Bright Era of Commodities? Interesting moves in European Stocks, Lumber Price, Turkish Lira, Zoom

in Project HOPE4 years ago

I though your inestment advisor, some angle finance your blog name is, that being said, I don't have any financial adviser and those I look upon are no certified financial advisors, nevertheless their guidance is good enough.

I heard that gold is not a great investment option because lot of gold is there in some asteroid and plan is to dig up that gold, when that's done the price of gold will tank like the venezulean currency it seems...

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in some asteroid and plan is to dig up that gold, when that's done the price of gold will tank like the venezulean currency it seems

It is possible. Something similar happened in the centuries 16-17 as Spaniards flooded Europe with new gold and silver from America. The consequence was a huge inflation. (Bu not so much as in Venezuela).

But I'm not sure if this asteroid was discovered, or is only a theoretical possibility. Maybe the next big story - investment bubble - will be in the space exploration sector, asteroid mining.