Gold is on the move again as it reaches its highest price in almost two weeks. As the dollar continues to weaken, gold is increasing its appeal as an alternative investment. For centuries, gold has been used as a preserver of wealth.
The Greek debt situation is causing a concern for investors and with no clear direction as to its aid, investors are playing it safe by turning to gold. While everyone is watching gold, China has been quietly accumulating its gold reserve.
Amid economic uncertainty and financial turmoil, gold will continue to have a positive outlook for the future. The recommendation is to buy gold bullion if we want to preserve our wealth and purchasing power.
As alot of people know... when the US daollars fall, everyone scrambles to gold.
ReplyDeleteNow the question is, I need a crystal ball to see where the US economy.
Looking to buy crystal balls.
Doesn't take a crystal ball to see what the result of massive debts and resource depletion will be. Buy resources - a food supply for emergencies and invest in commodities, precious metals. Just my humble opinion.
ReplyDeleteShingo, I believe gold is a safe bet in any economic condition, slump or otherwise.
ReplyDeletePandaB, great advice as always. Food supply for emergencies - I have to get going on this too. Thanks for sharing.