Take a look at what’s happening globally this week. In particular, look at the uprising in Libya, and the impact that is having on the price of light crude oil.
Oil prices are spiking. Gold prices are going up.
This is why we own gold.
We are not gold speculators or traders, fretting over every up and down in prices.
We own part of our wealth in the form of physical gold as an insurance policy. We’re not in it for short-term profits. We are in it for long-term security.
When significant, disruptive global events take place, as they are this week, and have been all month, it makes the markets jittery.
And when the price of oil is impacted, everyone starts worrying about the danger of inflation – because the price of oil is reflected in just about every product we buy and service we use.
That’s why I hope you were buying more gold during the dip in January. That’s what we do. We buy when the price dips, and then we hold. (If you didn’t, buy some more now.)
And we hold because something like a significant rise in the price of oil can have an impact on the cost of living, and on the value of our stock market investments.
That’s why we own gold.
When everything else is shaky, gold prices rise.
Owning gold is good.
Further reading…