Friday, July 8, 2011

Gold Investing

Have you looked at the price of gold lately?

American Gold EagleImage via WikipediaThroughout history, gold has been recognized for its value and beauty.  From the beginning of history it has been used in the arts, for jewelry and as currency.  It has been symbolic of wealth and power.  There have been many other uses for gold such as fillings and even edible gold flaking in food and drink.

These days, especially in the past few years, investing in spot gold has been touted as a relatively safe investment.  During tough economic times, many investors purchase gold bullion coins as a hedge against inflation.

Currently, there are five banks that are involved in the setting of the gold spot.  They are Scotia-Mocatta, Deutsche Bank, Barclays Capital, HSBC, and Societe Generale.

For years, gold prices remained relatively steady.  In the year 2000, the gold price was hovering around $300 per ounce.  Since then, it has risen rather dramatically, to the point where gold is selling for over $1500 per ounce.  That's quite a return on one's investment.

Like any investment, investing in gold does come with risks.  You should consult with a financial professional to see if gold makes sense for you as part of your investment portfolio.  If you are interested in gold as an investment, you can get a free gold guide from Gold Coins Gain.

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