When international anxiety spikes, there are usually just two groups of people who see a silver lining: newscasters and gold investors. Of course, for the media it’s all about those ratings, ratings, ratings! For investors of precious metals like gold, however, insecurity typically signals an increase in prices.
“International anxiety may be good for gold prices as gold continues to have a place as a store of value in uncertain times,” says Mike Niehuser of Scarsdale Securities.
So what do investors have to be anxious about these days? Plenty, according to Niehuser, who listed several major world issues that are causing instability in the markets right now. To name a few:
- The ongoing Russian assault on the Crimea Peninsula
- Extremists in Iraq and Syria
- Concerns over the repayment of Greek debt
- Nuclear problems in Iran
- Shaky economic ground for China
- Plummeting oil prices
The upside is at least North Korea isn’t making a splash…for now. But who knows how long that will last? (Until The Interview sequel comes out if we’re lucky.)
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