invest in Gold

Like anything, gold prices are not stagnant and have changed throughout history, from a value of $260 US dollars in 1960 for 1 troy ounce of gold to a huge peak of $2359 US dollars in 1980. Gold is not a fully secure option as its value can often go through highs and lows.

Gold has been a sought after item since the beginning of recorded history and has been used as a currency for exchange and investment for hundreds of years. In times gone by, gold was often traded along with silk, amber, rice and sugar along the ancient international trade routes that exist across China, India, Europe, and Asia.

Many people have historically and still do today invest in Gold. It is often considered as a somewhat secure investment as it usually provides a defence against external factors such as social reform, political issues and economic crises. Somewhat protecting your investment from these factors in a way that it would not have been protected if it had been invested your money into a bank account or property for example. This is not to say that gold is impenetrable, although some consider it to be a more secure investment then other options it is still affected by external factors which could increase or decrease the value of your investment, and this is clearly illustrated below.

Currently the price and worth of gold is on a steady incline and is at the highest value for twenty eight years, meaning that this could be the perfect time to cash in your investment or get some cash for gold you may have lying around your house, maybe an unworn ring or bracelet or even an old gold tooth.Article Source: http://EzineArticles.com/5317581gold prices