There is a gold rush occurring, but it’s not just occurring in California like the rush of the 1800s; this gold rush is everywhere. The demand for gold has reached levels that even experts could not have predicted. All signs point to a continued rush to invest in gold.
Pessimists will continue to invest in gold because of the peace of mind that the precious metal can provide. Some investors simply prefer to own gold coins and want to be able to smell them and touch them. These are the investors that believe stocks and dollars are fickle. Storing gold in a safe deposit box at the bank or in a storage service depository brings worriers the additional peace of mind that thieves won’t raid their home and steal their stash.
The decision to invest in gold should be made only when it can be a long term investment. The price of gold can and will fluctuate, so it’s important to stick with this commodity for the long haul. Think of gold as a sort of insurance policy and a hedge against inflation and economic crises.
Chinese citizens are allowed to own gold now. The demand for gold is surging not only in China, but also in