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Gold had a strong run in 2019, reaching a six-year high in the summer as factors including a weaker dollar, US-Iran tension, global growth fears and a U-turn from the world’s central banks all ...
Gold has long held a fascination for investors, whether it was a 19th century prospector panning for nuggets or a modern-day financial whiz scanning the computer for buying opportunities.
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Investors generally buy gold as a way of diversifying risk, especially through the use of futures contracts and derivatives. The gold market is subject to speculation and volatility as are other markets. Compared to other precious metals used for investment, gold has been the most effective safe haven across a number of countries. [1]
LSTA, a Texas-based company that also owns precious metals dealers U.S. Gold Bureau and WholesaleCoinsDirect.com, operates a highest-rated, Class 3 vault that serves as the depository’s initial location. Planning for a permanent home for the Texas Bullion Depository began in 2018, at a site in Leander, Texas that should be completed in 2019.
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