Now, The Time to Invest in Gold?

Now, The Time to Invest in Gold?

Now, The Time to Invest in Gold?

It's no secret that the world has been subject to some disasters of late. The Japanese tsunami has devastated the country on a number of levels, not least economically which has had a knock-on effect across the globe. The Libyan oil crisis is also a point of political and economic contention leaving the future of oil uncertain and investors having heart palpitations.

There are however, some advantages during such turbulent times. With the dollar declining, now is a great time to invest in gold. Gold is historically seen as a hedge against a weak economy. A lot of people have decided to put their faith in commodities as opposed to jobs and economic growth. Investors and banks are diversifying currency into gold to ensure its safety in a volatile economic climate. History can also back up this claim, with gold prices known to rise during times of economic crisis.

Platinum and silver are also at present reported to be great investment opportunities. Silver was one of the most encouragingly performing metals of 2010 with its value the highest it has been in over three decades. As platinum prices are set to rise in 2011 it looks like a positive year for precious metals in general.

Experts at China Mineral Company, Ltd. have advised that although precious metals, gold in particular, are a great way to preserve capital during economically uncertain times it is wise to invest around 10% of your assets in gold. It would be prudent to spread investments out, rather than holding all assets in one place, to ensure financial security. Whilst gold is doing brilliantly at the moment it is wise to look to the future. When the Libyan oil crisis has been averted, Japan has recovered and the global economy is back on track, gold prices will level-out. Investors will inevitably regain faith in things such as oil that are reliant on supply, demand and politics. The low interest rates that are currently held are partially attributed to the rise in gold prices but as soon as they are raised, the gold rush will slow.

At present however, the gold rush is still going strong. Gold buying shops are doing particularly well. Buying people's jewellery has proven popular with consumers and businesses alike during otherwise financially turbulent times with the price of gold being so high. When you also bear in mind that the spring is typically a good time for gold, investors could be set to make a fortune.

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