California Dreaming
160 years since the first global gold bullion rush, the industry is braced for a second. As demand continues to outstrip supply, could things get just as messy for the average prospector?
To a typical gold bullion investor today, the date January 24, 1848 may not mean a great deal. But this was the day on which gold was first discovered in Coloma, California, bringing an estimated 300,000 flocking from as far as China and Australia to join in the hunt for the yellow metal. Today, the global gold market is very different. Mining produces relatively little of the world's supply, and instead of risking life and limb, investors can buy at the click of a computer mouse. But despite the illusion of stability, the gold market is teetering on the brink of something very big. Supply is dwindling, and if demand increases as insiders predict, the next gold rush could dwarf those events with a global population dreaming not of fortunes, but of simply not being left behind. So how well should the average investor know their history lesson, and how much time is there left?
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