Archive for September, 2008
Buying gold right now, amidst a failed Wall Street bailout bill from congress may be the only way to safeguard your money. Banks are failing right now and that means there is a chance, even though a small one, that you could loose your money you have with those banks.
Now if you have less than $100,000 at each financial institution you could be safe. But, your money could be tied up for a while trying to get it back essentially from FDIC.
Investing in and buying gold on the other hand may be the safer way to go. It’s real money. It’s what your dollar used to be based on before we went off it. Gold still has universal value around the world. Although there have been many other things created which could probably win you a few points in a barter, gold is the precious metal that wins out time and time again.
So don’t go throwing out that old jewelery, don’t look past those flakes your grandma gavea you when you were younger and maybe take a look at some of the options you have out there to buy gold. Such as gold ETFs like IAU.
![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/charts/metals/gold/t24_au_en_usoz_2.gif)