Wed, 24 Aug 2011: In jittery markets investors favor gold bars over blue chips…



“I cannot say that gold jewelry sales have been flying in recent months; however, there is a certain increase and, certainly, much interest in the goods,” Viktoras Jokubauskas, a jewelry store owner in Klaipeda, said. He says that, throughout history, gold has been valued as an attribute of a wealthy life. “The modern time is much different from the early 19th century. However, many young, well-to-do people, upon the warnings of the double-dip recession, remember what their ancestors had always known – if you have spare money, buy gold,” Jokubauskas said to The Baltic Times. However, Vitalijus Rancevas, director of Aurum LT, a gold store, says that this form of investment is rather conservative. “Wh... Read the rest of this entry »

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