Why Gold?

You may ask yourself, why invest in gold? Why spend your money on a lustrous piece of golden metal? Surely there are other investments more worthwhile, such as property, stocks and bonds? Then, there's oil, aka 'black gold'.

Well, all you have to do, is a quick google search to see why gold is all the rage.
Unless you've been living in a cave for the last 5 years, you should realise that gold investment is a must on any investment portfolio.

The price of gold has been heading steadily upwards since 2001. September 11 was a dark day for most, the death of approx 3000 people and the resulting chaos in world markets. The event did an important thing - it exposed the weaknesses in our global economy. Our reliance on fiat currencies gave a false sense of security. Money is still being printed at a rate that beggars belief, with no substantial assets to back them except the promise of a government.

Gold is currently at a 25 year high (as of 13th Jan 2006), and shows little sign of slowing down. Experts are predicting a $650 USD per oz. value for gold in 2007. The worries of a US economic crash are not unfounded. The US public debt currently stands at about 7% of GDP - most analysts believe that 4-5% is the maximum for a sustainable economy. The US debt has been growing at a rate of over $2.2 billion PER DAY since 30th Sept 2005. A US collapse will not bode well for world economies. With globalisation, all are affected, and none will escape unscalded.

Gold is still universally recognised as a store of value, especially in times of strife and economic turmoil. Gold is the future, and the time to invest is now.