Why invest in Gold ?

[cjcj]

I am in at 30% right now... and "we" got in when Gold started to rise... Those 10 rules make sence... Thanks Nemont.

Yes its true.. I have a touch of "Gold Fever"

 

[cjcj]

Up $71.00 an oz. in 3 months [not to shabby]

Gold price reaches 25-year peak

Gold, like silver, has been attracting investors
The price of gold has hit its highest level for 25 years, reaching more than $588 (£338) an ounce.
Investors believe that precious metals are a sound investment and could outperform stocks and bonds.

The price of spot gold rose to $588.70 an ounce before settling later on Thursday at $587.45.

Gold's performance mirrors rises by other precious metals. Silver saw its highest level in 22 years, while platinum reached an all-time high.

The price of gold has gone up by as much as $71.10 an ounce or just under 14%, since the end of 2005.

"Certainly, it looks like we are targeting $600 in the near term. It may happen in London overnight," said Darren Heathcoat, head of trading at N M Rothchild in Sydney.

Gold, like other precious metals, is appealing to investors who are concerned over unpredictable conditions in the Middle East, dollar instability and inflation.

Platinum hit an all time high of $1,095 an ounce, while palladium hit $355.80 an ounce, before settling at $350.30, its highest in four years.

 

[cjcj]

Its going thru the roof! Awesome baby!!!:..


1oz Eagle 668.27
1oz Maple 669.24
1oz Krugerrand 650.75

Current as of 11:22am,
Apr 21, 2006 CST.
Not for trading purposes.



Update 1: Dollar Falls, Gold Rises in Europe
Forbes.com - Fri, 21 Apr 2006 11:14:31 CST

 

[smalls]

To the top for cjcj

 

[cjcj]

Thanks Smalls, that was some good reading... Funny and Scary?... Some think Golds rise is a Paranoid right wing conspiracy? ...They could be 1/2 right....but i don't know as we are under surveilance