Today’s poor economic situation has caused a lot of investors to panic. These people feel as though they can no longer trust the stock market. However, they don’t know where to invest their money now. Thankfully, investing in gold is a safe option that they can consider.
The National Bullion Investors, LLC (NBI) has stated that the price of gold is going to continue to increase as many investors leave the stock market behind and begin investing in precious metals instead. In fact, gold is currently worth $902 an ounce but it is expected to be worth $958.60 by November 2009.
Alan Greenspan has been promoting investing in gold for over 10 years now. He’s even gone so far as to say that while money is becoming worthless, gold will never become worthless. There are a lot of people who are beginning to agree with him. One such person is Jeremy Charles who has stated that he is seeing this transition is taking place. He doesn’t believe that this is going to be a temporary change either. Instead, he believes that this will continue happening even after the economy improves.
With this information in mind, people need to start being more open-minded and considering investing in gold. It is time to diversify and begin investing in gold so as to create a safety net for yourself. Of course, you don’t have to change all of your investments over at once. Instead, try to change around 10% over for now.