Since the market crash of 2008, the cost of gold has done nothing but go up. While the housing and stock market were on their knees begging for mercy, gold put on a jet pack and has not run out of fuel. The price of gold has nearly doubled since its pre-crash 2008 high.
With America's credit rating being downgraded, gold just got refueled in air. The price of gold will continue to rise as the world is continually more and more unstable. The globalisation of the world markets makes each market more susceptible to outside influence and interdependence.
In the past, what happened in other parts of the world barely affected what happened here economically. This is no longer the case, and this will never change back to the way it was. The world is connected so closely now that the volatility of the markets have never been more susceptible.
With this volatility, people are seeking a refuge for what money they do have left. Quite a few of them have turned to precious metals, and gold in particular. Click here to do some research on the cost of gold.
It would seem no-one predicts any end in sight for this volatility of the markets, and gold should be the first choice.
Experts advise that any investment portfolio should be diverse to minimise risk - gold would seem like the logical next choice to ensure success.
