Investing in gold

Investing in gold

History can show us that in bad economic times investors turn to gold for protection against inflation and falling currency prices. Gold is a commodity with a measurable unit of value, keenly sought after because of its unique characteristics.

The primary reason why we now see the price of gold at over $1,500US per ounce is because the US dollar is falling in value. When you print more money, it lowers the value of the existing currency already circulating. The US has been doing a lot of money printing lately; to get out of the hole they dug for themselves with credit mismanagement. Read the rest of this entry »