Old is gold. Throughtout human history, gold has been considered to be a precious thing. Kings and Queens would hoard this precious metals. Countries would measure their wealth in terms of the gold bullions they had. In the 19th century, world was on a gold standard. It is abandoned in the 20th century. But we might be again heading towards an unoffical gold standard now as US Dollar status as an international reserve currency comes into threat. Gold prices are rising as never seen before. Right now these prices are steady around $1,000 per ounce. But experts are predicting that these prices might go as high as $2,000 per ounce.
The reasons for this unprecendented bull market in gold and silver is the fact that investors are worried about the long term strength of US Dollar. Many wealthy investors are hedging into gold. When US Dollar gets weak, gold prices climb high as most of the investor taken refuge in this safe haven ultimate currency.
Most of the countries keep US Dollar as their international reserve currency for international trade and commerce. Now countries like China, Brazil, India and Russia have huge US Dollar reserves. These countries are converting these Dollar reserves into gold bullion in the international market. The supply of gold is limited. So this huge demand is driving the prices up in the market.
After the stock market crash of 2008, many investors flocked towards forex. Retail forex trading is the hottest money making machine right now. Now, if you have been trading forex for a while you must have observed that your broker might also let you spot trade gold, silver and oil from the same platform that you use to trade forex.
The development of the Meta Trader 4 platform has revolutionized retail forex industry with the possibility of trading with an expert advisor or what you call a forex robot. These forex robots are infact computer programs or softwares that run on the MT4 platform monitoring the market round the clock something a human cannot do.
Trading round the clock 24/5 is not possible for a human trader. But a forex robot can trade round the clock 24/5 without tiring and fatiguing monitoring the market all the time and only trading when the conditions are right for a high probability trade. With the passage of time, these robots are getting better and better.
Do you know this that trading gold or for that matter silver might be even more lucrative than trading forex. Trend trading is what makes fortunes for traders and hedge funds. With the gold and silver market in an uptrend that might continue for many years, it is the best time to trade these precious metals.
Just like a forex robot now you can trade gold and silver as well with an expert advisor or what you call a robot. Why not try one of a gold robot on your demo account and see how it works? It might as well start making money for you while you sleep!
Mr. Ahmad Hassam has done Masters from Harvard. Try this Universal Trading Robot Collection that can trade gold, silver and a host of other contracts! Read this shocking 40 page FRWC Brutal Truth FREE Report on trading robots!