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As the stock market goes into free fall, a precious metal is about to skyrocket. It’s gold and it’s about to take-off like a rocket and go straight up. As stocks and other investments plummet, gold is going to be the financial savior for many.
The sub-prime and credit crises that have engulfed Wall Street and sent once-mighty financial institutions into bankruptcy or receivership have made gold the investment of choice for many. Gold is expected to go well over the $1000 an ounce mark within the next couple of months. In fact, right now, gold has become so popular that it is becoming scarce.
The reason gold is ascending and other types of investments are declining is that investors are running scared in the wake of the $700 billion bailout of Wall Street and the ensuing credit squeeze. Many savvy investors view gold as a safe haven until the economic turmoil subsides which could be a rather long time. As stocks, bonds, mutual funds, mortgage-backed securities, etc. tank, gold is being seen as the Rock of Gibraltar that will survive the financial hurricane that is currently taking place.
Go to http://www.stocktradingclearinghouse.com/gold.html to view a quick video on where gold is headed.
But will there be enough gold to go around? Maybe not. Currently the demand for gold is outstripping supply. Gold supply has been level for the last several years and now this new spike in demand is making gold a very hot commodity. The level gold supply is putting tremendous upward pressure on gold prices and it is almost a certainty that gold prices will rise dramatically over the next six-month period.
So the place to be right now, if you are an investor is in gold. There are several ways to invest in gold:
· You can buy gold bullion
· You can buy gold coins
· You can buy stocks of gold mining companies (Be careful here)
So if you want to get in on this Gold Rush you need to rush out get your share of gold. At least 5% of your portfolio should be in gold and/or gold-related instruments. As gold goes up it will shield you from any major downturns in your net worth. Failure to get onto the gold bandwagon right now could leave you as road kill in 2009 and beyond.
George Stark is an experienced business writer who writes extensively on various business and financial subjects. He holds an MBA degree and has been online in excess of ten years. Visit his website at www.stocktradingclearinghouse.com for investment information and tips.
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