Invest in Gold, Prices Are Going Up!

As the economy continues to lack job creation, investors are becoming more worried about the strength of the recovery. Many consider how much paper money has been printed and put into circulation, which may very well produce inflation. As more paper money is introduced into circulation, the value of each dollar becomes less. At this point, investors want to rid themselves of the paper currency and invest in gold and silver.

While the value of a dollar today is not what it was in 1980, there appears to have be a steady increase in the price of gold per ounce. If it continues, the actual value of gold may reach what it did in 1980. The value of a 1980 dollar would be more than it is now, as the dollar is loosing value.

This would make the price of gold seem to be higher than it was in 1980, which was around $800 at the high on the gold price chart. Current gold prices are around $1300 an ounce, but have still not reached the high of 1980 in real value.

During unstable economic times, when the value of the dollar is in question, investors will invest a portion of their net worth in gold and silver. Paper money has a history of being printed so much that each individual dollar is actually worthless.

This happened with every paper currency in the history of paper money, which began in China around the year, 800, AD. The ruination of a paper currency happened during the American Revolution, but those who held on to gold and silver kept their wealth through the hard times.

Also investing gold in your IRA is a very popular option these days, you should learn more about buying Gold stocks in your IRA, and looking at ones which trade on the Nasdaq 100 index, there are a few, and have the potential to grow exponentially over the next few years as the general markets look to be topping out.

Wholesale gold prices are high today so people will pull out their old jewelry boxes that get rid of things they no longer wear. The price is very attractive and will help cover bills in tough economic times, so they feel like they are getting their moneys worth.

It may be that they are if the economy turns around and the paper money is backed by real economic growth, but if the sky is actually falling, the gold price chart with prove that gold and silver as real money once again.