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January 24, 2008

when the dollar goes down, buy gold!

The US economy is said to be entering recession (with another alleged tech bubble on the horizon) and is very obvious in the downward turn of the US dollar's value. If you're a financially savvy person, now is the perfect time to invest in gold. In fact, stocks of gold mining companies (Lepanto, etc) have increased since the dollar became cheaper. However, gold investing is not a new concept.
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If you remember your World History, precious metals were used directly as currency in the olden times. To preserve their wealth, rich people hoard their gold. And so modern man stumbled on the idea that gold is an investment product. Today, gold can be bought in coin or ingot form. Ingots are generally gold ingots of pure bullion cast in a convenient size and shape while coins have a currency value. So friend, wanna buy some gold? I have some for sale! In electronic form, that is =)

                            

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