If you are looking for long term investment, you better buy gold now. I mean physical gold. The price of gold is sky rocket every day..every second actually !. Yes now the price of gold touch $1050 per ounce !. People and financial institution are buying gold because the value of dollar are sinking !.
Other countries such as China, India and many others are buying gold rather keeping dollar as the foreign investment.Bond and stock are consider as high risk to invest now a day due to economic uncertain. Here some reason why the price of gold keep rising;
" As we covered yesterday, the price of gold has now moved to well over $1000 which is an all-time high for the precious metal. It would appear that various factors have come into play to push the gold price to these levels, which is a culmination of an upward trend which has now lasted a total of eight years. So what exactly is pushing the price of gold higher and higher?
A general weakness in the US dollar is seen by many experts as one reason why the price of gold continues to rise, with those who would traditionally have invested in the greenback now investing in gold as a hedge against the currency rate in the future. As you might have guessed, there has also been significant speculation in the market regarding the worldwide economy, inflation and other issues which have pushed more and more hedge funds and investment funds into the "safe investment" of gold. Inflation itself is also a major factor because gold has for many years been seen as a counter measure against high inflation, something which is in the minds of investors to this day.
All in all it would appear there are still many reasons why the price of gold may yet move higher but at some point profit takwill come into play and some investors will lose their "bottle".
source: href="http://www.financialadvice.co.uk/news/5/investments/12267/Why-is-the-price-of-gold-rising.html
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