Golden Investments

With the US$ falling, there is no security in currency anymore. Parking money in the precious metals would be smart move in this age of inflation. Gold’s value in USD has increased quite a bit in last few years.

Here’s a chart showing just by how much Gold has increased in since 1995. Ever since 1997 there has not been any major devaluation of gold.

Since 2000’s $300 per ounce, it has come a long way nearing almost $1000 and that is more than 300%. Some people might think that it is too late to invest in gold now, but nothing can further than truth.

The gurus predict that the gold’s valuation will rise higher in years to come. There is no sight of decrease in near future.

According to analysts, the following will only help to push the rate of gold:

• Oil prices in the past have only strengthened gold’s value, with the OPEC’s policy of keeping the oil prices high and increasing global demand for oil, the oil barrel price will keep increasing.
• World’s gold demand has increased a lot. Jewelry’s demand alone, according to World Gold Council increased 37%
• USD has fallen record low and that can only make gold prices go higher.
• Foreign Governments like China are shifting dollar reserves to gold reserves.

I personally believe that not everyone can be rich at the same time; it is not a utopian world. With currency devaluation, the gold prices will shoot only higher. People investing in gold will win and people who are not are more than likely to lose.

Posted in: Why invest in gold?