I highly recommend reading the bloomberg article I have linked to below. The obvious point of the article is gold skyrocketing but Im focusing more about what else was mentioned in the article..I quote: "The fall in the U.S. dollar seems to be pushing all the central banks to strengthen their portfolio with gold,” said N.R. Bhanumurthy, professor at the National Institute of Public Finance and Policy in New Delhi. “Gold is a safe store of value compared to the U.S. dollar.”
Fiat currencies are just paper and can be made worthless overnight. Gold is seriously hitting record prices this morning and I truly believe it will continue to do so in the forseeable future. I urge you to invest while prices are still moderately low for gold and a steal for silver. Do not wait till gold prices hit that $1500 plus mark that many advisers are predicting. Feel free to invest using any of the reputable precious metal advertisers that sponsor this site or one that you are comfortable with. The time to act is now! Below is a piece of the article mentioned.
Gold Climbs to Record as India’s Central Bank Buys From IMF
By Claudia Carpenter and Pham-Duy Nguyen
Nov. 3 (Bloomberg) -- Gold jumped to a record after India’s central bank bought 200 metric tons of the metal from the International Monetary Fund, heightening speculation about more official purchases.
Full article
to expensive for me, silver looks to be the way to go.
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