Can You Pass Our Gold Quiz?
This article is contributed by Pinnacledigest.com. One of the TOP sites for up to date information on the Canadian and US Stock Markets. For more information subscribe to their free newsletter.
Both savvy and novice investors are buying gold assets as a vehicle for profit and protection. Given the economic challenges we face and the blatant distrust in fiat currencies, it’s not a surprise to see a big shift in investor interest towards gold over the last four years.
It is paramount we all look to protect our wealth in this environment and for 5,000 years, no asset has been a better wealth protector than gold.
Over the last nine months gold has had nearly every reason to collapse in value. Global economies have slowed dramatically, stimulus expectations have been met with disappointment, deflation has become a very real threat and the US dollar has rallied.
Despite all these developments, which typically put a suffocating amount of pressure on gold’s price, the precious metal currently trades for $1,692 an ounce – just a couple hundred bucks below its record high (non-inflation adjusted).
This resilience from gold can be explained by looking at history. Gold is not just another commodity. For 5,000 years it has been a currency. That is longevity no fiat currency can lay claim to.
Gold is a currency that can’t be created nor controlled by governments. And in a time like we find ourselves in today, where government abuse and manipulation of currencies is running rampant, gold’s importance in our monetary system is growing.
The remaining four months of the year will likely be very exciting within the gold sector. Junior gold stocksare starting to come alive again as drill results are being released. The large-cap miners are briskly rebounding off 52 week lows and physical gold itself is up nearly $100 an ounce in the last 30 days.
So you think you know gold?
Given that it is Labor Day weekend and the market summer doldrums are coming to an end, it’s a perfect time to sharpen your skills and test your gold investing knowledge by taking our new iQ Challenge.
Take our new interactive Gold Investor iQ Challenge today to test your gold investing strategies, knowledge on current events which are influencing its price, geological understanding, ability to find opportunities within the sector and much more.
No other website has created anything close to our interactive and competitive iQ Challenges, where you compete against other market trivia buffs.
Our gold quiz contains 15 questions and there is a time limit. Keep an eye on the track above the questions to see where you stand after each answer in comparison to the ‘Brainiacs’ of our community.
At the end of the gold quiz you will receive your Gold Investor iQ score and we will provide in-depth explanations to any questions you may have answered incorrectly.
Be sure to check the Leaderboard after you have finished the iQ Challenge to see if you cracked the TOP 10. And unless you crack the TOP 10 Leaderboard (which you should be very proud of if you do), your score will only be seen by you.
Grading scale – see how you fare after taking Pinnacle’s Gold Investor iQ Challenge:
A+: score of 125 or higher
A: score between 110 and 124
A-: score between 100 and 109
B: score between 90 and 99
C: score between 75 and 89
D: score between 60 and 74
All the best with your investments,