A little clarity about binary options trading

Fine Gold bars are a great way to hold large assets in small amounts of material

When you trade binary options, it may not be clear to people what you are trading. This is undoubtedly true if you are new to the binary option trading process. You actually get to decide what asset you want to trade - which is part of the beauty of the binary options process. Are you more familiar with how the Yen fluctuates or with how the price of gold ebbs and flows? Do you know a lot about oil or about stocks? You make the decisions about what you want to watch and then you make a prediction about what will happen with that commodity in a set time frame. The choice of asset is up to you; then it's time to make a great prediction and to hope that the asset cooperates with your prediction about it! Pay attention to how a certain asset does in the market for awhile to become more educated in this area.
 

Who died and made GOLD the new boss?

Drink that gold market dry using Binary Options

HOUSTON: While many analysts have forecast that gold prices will eventually hit USD 3,000 an ounce, after hitting a record USD 1,800/ounce last week, economic experts at Kansas State University have warned that it is only a matter of time before the bubble bursts.

The huge federal deficit and a deteriorating economy have made many investors fearful of the US economy entering a period of stagnation, driving stock prices downward, said Lloyd Thomas, an economics professor at Kansas State University.

In this period of uncertainty, many are selling stocks and corporate bonds and putting their money into gold.

Recently, gold prices skyrocketed to as high as USD 1,800 an ounce and Thomas said the price might continue to creep higher as economic concerns grow.

"People believe that gold is a hedge against uncertain times," he said.

"In the long run, gold prices have kept pace with inflation. People are flocking to it," he added.

"But in 2000, the price of gold was USD 300 an ounce. It has gone up six-fold since then and it might go up higher than what it is right now. It's gone up too fast -- it's a bubble," he claimed.

Thomas compared his gold prediction to the housing market.

"People were lulled into thinking housing prices could never fall, but they fell more than 30 per cent in most American cities. The same thing could happen to gold; it's not risk-free," he said.

"In the last 10 years it's gone up 17 per cent a year, but the price of things we purchase has only gone up 3 per cent a year. That's unsustainable. It's my own opinion that gold prices will collapse -- I just don't know when," Thomas said. 

Read the full article on The Economic Times