Gold Continues Looking Golden
The U.S. economy is dealing with its problems by printing trillions of dollars. As these dollars flood the markets, investors have increasingly turned towards gold to hedge their currency doubts.
As world economic and political stability are thrown increasingly into question, gold remains a confident answer for worried investors. “During last year, gold rose some 30%, leaving investors wondering if there was any upside left in the metal. But this year has brought renewed vigour to the demand for gold as a hedge against global uncertainty. Revolts in Tunisia and Egypt, uprising in Libya, protests in Bahrain, the deepening debt-crisis in the Euro Zone and tensions in the Middle East have all renewed the strength of gold as a safe haven.”
