In today's tough economic times there are many investors who are beginning to panic. These investors no longer trust the stock market. Yet, these same investors have no idea where to put their money now. This is because a lot of investors seemingly think that their only option is to invest in the stock market. They seem to think that their other option, investing in real estate, is way too risky. What they are looking for are safe, smart investments that will yield them positive results now as well as in the future.
While we do live in such uncertain times, there is still one sure thing: gold as an investment. Investing in gold is a safe investment regardless of where you are from. In fact, the National Bullion Investors, LLC (NBI) states that the price of gold will continue to rise over the course of the next year as many investors will abandon the stock market and begin investing in precious metals instead. This is why it is believed that the price of gold will average $958.60 per ounce by November of this year. Whenever you consider that the price of gold is already at $902 per ounce, this is a major increase that is being expected here.
Over the past 10 years, Alan Greenspan, the highly respected former chairman of the U.S. Federal Reserve has seen gold as an investment as a wise choice that he has recommended to others as well. He has even gone so far as to say that while fiat money is going to be worthless someday, gold will still be accepted.
Today, there are a lot of people who are beginning to agree with Alan Greenspan. In fact, Jeremy Charles, London's head of precious metals at HSBC, has seen that many people are now beginning to invest in gold as their confidence in the U.S. dollar has been shaken. Jeremy Charles believes that what we are seeing is a structural change in the way that investing is being approached. He doesn't believe that this will be a temporary fix either. Instead, he feels as though gold will still be viewed different even after the current state of the economy improves. Instead, it is believed that gold is going to continue to be a wise investment option for many years yet to come.
Now is a good time to reconsider the investments that are within your portfolio. It is also a good time to be open-minded whenever it comes to new opportunities such as gold as an investment. By diversifying you will be creating a safety net for yourself. However, if you are still not comfortable with investing all of your money in gold, then simply start off slow. Place around 10% of your portfolio funds into gold as an investment. In the end, simply remember that gold is a lot more than the jewelry you wear. It is also something you can pad your savings account with and thus increase your wealth.