Midas Touch

Do you remember the story of Midas? People say "he's got the Midas touch" when they talk about people who are successful, but that's not the take home message from that story. His life was ruined. He thought he wanted to be able to turn everything he touched into gold, but when he got it he hated it. Imagine what it would be like. You go to the toilet and try to wipe... well, you can see the problem.

He would also have hated that gift because he didn't understand the nature of supply and demand. If everything he touched turned to gold, gold would become very common and the price of it would drop. He might as well be turning things into tin.

It's supply and demand that has helped the price of gold and silver recently. It's a good time for silver at the moment as world demand for silver now exceeds annual production, just as it has every year since 1990.

You can buy gold coins, silver ingots and other precious metals at www.usgoldbureau.com if you're interested.