Gold has always been a synonymous of wealth and it has never had any debt attached. It doenst need central banks to assuce its acceptance worlwide and has always been are reputable investment asset when all the other forms of investmens have turned out suspicious.
Now that all economies and their respective currencies are suffering and interest rates are down, the precious metal is back. The spot gold price gained $23 an ounce last Friday to $996.40, and gold futures briefly topped $1,000 for the first time in almost a year. In fact gold's prices have never stoped climbing since 2000.
In this time of uncertainty, investors are buying more gold because they dont fully trust the effectiveness of the the government's rescue plans. Perhaps they are taking the precious metal as an investment cover to floor their returns and take positions for the next upward cycle.
Given the new economic landscape it is better to think GOLD
