Saturday, March 20, 2010

The yellow piece of metal

With the continuous slump of dollar, many are taking their backs on investing in the stock market. The good thing about this slump though is that gold prices are benefiting from this as gold and dollars move in an inverse manner. So much to say that in this tough economic time, turning to yellow metal as a form of investment is a very good decision. Some analysts and investors predict that gold will stay strong for a long time that is why now is the right time to buy gold bars
Also, it was also noted that SPDR gold trust, the largest exchange traded fund backed by metal, showed on Tuesday its first time increase in the past two weeks. The holdings were raised by 4.6 tons totalling to 1,111.6 tons.

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