Saturday, February 12, 2011

Why Invest in Gold

Governments can always print more money, but they can't make more gold. There is a fixed quantity of gold (and other precious metals) on the earth. Gold is valuable. As governments continue to print money and get themselves further entrenched in debt, gold prices will continue to steadily rise. The price may drop a little here and there, but long term it is a sound investment. That's why so many people are investing in gold these days by way of buying stock in gold mining companies or by buying gold mines themselves. Right now the price of gold is at $1,360 an ounce. Invest now! In twenty years you will be happy you did.

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