The markets, US and around the world have been in a very volatile state, no doubt in response to the mortgage fiasco going on in America. Gold and other precious metals have mostly followed this turmoil and seen a large increase in price since these types of investments are considered safer.
But is gold really a safe buy when the price has fluctuated from $1000 down to it’s current day price of $885 per troy ounce? Seems pretty volatile just the same as the rest of the markets. However, you do get to own a piece of tangible goods as an investment when you buy gold directly. So that, I imagine, makes some people happy. Unlike owning a company stock that you don’t know too much about.
Well, with the markets down, and gold well below it’s high of a few weeks ago, this may be a great time to buy. But precious metals are not for the faint of heart right now. Buy gold with caution if you are thinking about it at all.