Harriet Kelsall Jewellery Design
Blog
19th March 2008
11:13
Rising Gold Prices
A lot of our customers have asked us about the high price of gold at the moment. What
happens is that when the world economy is uncertain, people like to invest in precious metal
(particularly gold) because it is considered to be a 'safe' place to store your money as the
value doesn't tend to go down. So with the current economic uncertainty, the price of gold
has rocketed upwards.
http://news.bbc.co.uk/1/hi/help/36 81938.stm - here is an interesting bbc article from today's news.
So what does this mean? It is a bad time to buy gold because the price is high? The short answer is no - it could even be a good time to buy gold before the price goes even higher and also this whole pattern of economic activity just proves that gold can be a good investment.
See you soon
Harriet
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