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Gold has been used throughout history as money and has been a relative standard for currency equivalents specific to economic regions or countries. In times of national crisis, people fear that their assets may be seized and that the currency may become worthless.  We see gold as a solid asset which will always buy food or transportation. Thus in times of great uncertainty, particularly when war is feared, the demand for gold rises. Owning gold is increasingly seen as a hedge against the hazards that come with holding the dollar, the world's reserve currency. As we know, gold has been steadily rising since last year and has recently experienced a fall and has stablised out currently. However it appears it may be on the rise again and reaching for a new level. If you look back through history you would find that one ounce of pure gold has hardly changed at all. One ounce of pure gold now still purchases the same as it did 200 years ago. The change in paper currency however, due to manipulation and removing the gold backing from currencies world wide, has been dramatic and can be shown by the consumer price index. What originally cost 20 dollars in 1800 cost 216.86 dollars in 2005. Yet one ounce of gold still purchases today what it did 200 years ago. In fact it is tending to purchase more. Out of the possible four types, stocks, exchange traded funds (ETFs), futures and bullion, it is the bullion that will retain its value. Stocks can crash, futures can change wildly and exchange traded funds, although based upon actual stocks, rather like the dollar when it was backed by gold, still has the volatility of trading in a similar way to stocks and futures. Plus, gold coins and gold bars can be easily transported and stored making them the ideal medium to invest value in. Chuck Madere goldsilver ...read more

Everybody says this is a good time to start a business. Well, is it?        ...read more