We found a great article with five reasons that you should buy gold right now. And as the title states, it’s more than just an inflation thing.

1. Gold Mine Production is Decreasing
2. Gold is Getting Harder to Find
3. Investment Demand for Gold
4. Central Banks are Buying Gold
5. Push for Gold-backed Currencies
6. Asian Demand for Gold is Exploding
7. Gold is in a Secular Bull Market

You can read more into why each of these reasons are on the top of the list at the original article.

Buying Gold may not be as bad as we reported that it was in this article on fed cuts affecting gold prices. Gold jumped nearly $25 on Friday.

Gold is now back over $900 an ounce, and as analysts continue to predict oil heading higher, gold may still be a great buy for those looking to get into a precious metal that will continue to be in high demand for years to come.

We report all too often on this and our other precious metals network blogs that this is a great time to buy precious metals like gold and silver. Why, because inflation is here, oil is rising, and the world economy is growing at a faster pace than ever before. Buying into metals that provide industrial needs as well as ornamental products is most likely going to prove to be a great move.

The Feds may not be able to affect this precious metal as well as some analysts thought.

Gold recently surpassed the $1000 mark but since has had a remarkable fall back from that high. With the markets in America still in turmoil and no one really knowing if the dollar is going to recover, do you think gold is still a buy at it’s current price of just over $910 an ounce?

I guess the better question is, will the worldwide demand for gold continue in growing nations while the dollar and American markets continue to weaken? For the most part, that’s a guessing game and the precious metals market, which was once a safe haven for your money in a weakening economy with a weakening dollar, is now just as volatile as every other market out there. So whether or not it’s a good buy is up to you.

Will it go back above $1000, most likely. But don’t take our word for it, do some research and find out for yourself.

The price of gold per ounce headed higher today after a week long drop in price from it’s high of just over $1000. Gold came out of the weekend under $900 but has since climbed back over the mark and is inching ever so slightly back towards that high.

While the stock market continues to show high volatility and interest rates continue downward, the price of gold hasn’t seen a drastic sell-off as some analysts are saying. We’ve heard the price is too high, there isn’t enough demand and gold isn’t a safe haven for a weak currency or market anymore.

Well, we’re not sure if those words of wisdom are true but we do know that the price of gold continues to increase and the next time it’s down below $900 might be a good time to buy, even if the market does rebound. But we’ll wait to see if it ever gets a chance to get back below that price point?

The markets, US and around the world have been in a very volatile state, no doubt in response to the mortgage fiasco going on in America. Gold and other precious metals have mostly followed this turmoil and seen a large increase in price since these types of investments are considered safer.

But is gold really a safe buy when the price has fluctuated from $1000 down to it’s current day price of $885 per troy ounce? Seems pretty volatile just the same as the rest of the markets. However, you do get to own a piece of tangible goods as an investment when you buy gold directly. So that, I imagine, makes some people happy. Unlike owning a company stock that you don’t know too much about.

Well, with the markets down, and gold well below it’s high of a few weeks ago, this may be a great time to buy. But precious metals are not for the faint of heart right now. Buy gold with caution if you are thinking about it at all.