A Penny Saved

Ah Gold.  That precious shiny metal that everyone seems to love.  Whether you like your gold in it’s… ahem… gold color or it’s white version, whether in 14 karat, or 24, you’re bound to think that $600 an ounce is a little steep.  It also probably doesn’t bode well for your wife’s christmas present this year.
Seriously though.  Gold is a precious metal.  That means it’s in a limited supply.  Anyone who has ever taken a basic economics course knows the idea behind the law of supply and demand.  As more and more people find ways to afford gold and more and more products use it(it makes a great electrical conductor) the supply dwindles and the price will go up.

Will it stay there?  I don’t know.  I left my crystal ball at home today.  What is for sure is that the demand isn’t going to go anywhere.  Only a major depression would even make people think about not using as much gold as they do.

Investing in Gold is and always will be a great investment.  Some years it’s a really good long term investment(which I recommend) and other years a fair amount can be made by active trading the commodity.

Be careful though.  I’m not a trained financial analyst and I’m certainly not someone you should be using as the be all of financial advice.  Talk to your certified advisor before you risk all your money on something.

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