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- 1270156
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- 2017-3-22
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- 1970-1-1
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Speed:
1. (0'50'') This passage mainly presents the rebound of gold price promotes people's choice of selecting it as a portfolio hedge.
2. (0'44'') The drop of gold price sponsored global appetite for buying golds. India and China are now the main physical gold market in the world.
3. (0'39'') Wise investors consider a successful portfolio must contain at least one commodity, such as gold, as a security, and just like other investment tools, the secret of absolute victory is buying it in the lowest point.
4. (0'43'') Three ways of investing gold: (1) buy physical gold (2) invest in the shares of company mines gold (3) buy the gold fund
5. (1'11'') The gold price has already dropped into its lowest price in five years, but the Chinese investors, so as to Indian's, are still waiting for a lower one.
Obstacle:
In the beginning of the passage, the author by presenting the GDP growth that lower than the minimum expected percent and the descending gold price throws a wonder that the decreasing gold price may be an indicator for an economic recession or not. Then the author lists several incidents in the history which connect the gold price and economic depression. But in the middle of the passage, the author gives reasonable opposed view, doubting to the refer the former evidence by noting some other possibilities, such as invest preference. In the end of the article, the author rejects the possibility that the economic will slump or recover, instead it will stagnate still.
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