Gold prices have experienced sharp increases over the past few days. Thomson Reuters GFMS annual gold survey released today shows that global investment increased 20% last year to $80 billion, leading to the nominal high last September of $1,920/oz. This is primarily attributed to the physical buying of bullion.
Let’s recap what has happened in the financial markets recently to affect gold prices.
“I like to think of the gold position as a kind of stock insurance,” CNBC’s Jim Cramer says in a Dec. 30 lesson in investment diversification. “Now, would you want a home without homeowner’s insurance? No. You wouldn’t own a car without car insurance. You shouldn’t invest without some gold exposure because gold pays off…
The beauty, luster and value of gold dates back to the dawn of civilization, and there it was first recognized for its rare and unique properties. Gold has demonstrated proven stability throughout the economic ups and downs of paper currency and represents the standard of real money and true buying power. Gold as an investment is the ultimate hedge against
