While we’re not going to give a buy recommendation on gold right now we do think it’s one to watch. Nearly $300 off it’s high of earlier in the year, an ounce of gold may be the place to put your money during this possible inflationary time.

But nobody is giving any recommendations lately.  Not on stocks, nor bonds, not even on currencies. There is just wordwide uncertainty in all markets.

However, if we don’t have deflation, and in fact have a period of inflation, investors may flock to silver and gold and start buying gold bars.  Most likely though, they will start buying ETF’s like GLD and SLV.  These ETFs start buying up gold which increases the demand for gold thus raising the price.

However, the demand worldwide for gold may be reduced by lower production of all goods and services in the world, including China and India.

Either way, buying gold now, at these low prices, may still prove to be a good idea.

Should you buy gold while a lot of analysts are calling the recent high point a peak, a bubble and no chance of getting above $1000 again? While we can’t really say what you personally should do, that depends on your personal finance situation. We can give you our opinions.

Look at it this way. Commodities are at all time highs. The world is “expanding” with globilization. Money is being made by people who have never seen a $100 in their life before let alone thousands. With that money comes the ability to buy items like jewelry, computers, and other non-essential needs (although computers are becoming increasingly essential.)

Oil is rising. Although the bubble may burst, this is highly unlikely considering that the whole world, as mentioned, is expanding and the need for oil in China and India is helping drive costs. If oil goes up, other commodities rise, the need demand for precious metals doesn’t dwindle, why would it not climb?

Inflation, Inflation, Inflation. Inflation is driving up the cost of a lot of goods. Do you really think the price of milk or a candy bar is going back down? Although I realize that these aren’t perfect comparisons you get the idea. The value of a dollar is going down, prices of tangible goods are going up. If dollars are being produced more and more to cover our nation, is the government going to start pulling more twenties out of circulation once the economy recovers? Probably not.

There are probably a bunch more reasons why investing in gold is a good idea, even at this peak. But then again, everyone’s personal finance story is different. So choose where you money goes wisely. Gold may not be the best investment for everyone.

The dollar finally had a little bump yesterday against the Euro which sent precious metals retreating after making large moves last week. Oil has been trying to help gold buyers regain some confidence in the metal but to no avail.

Gold, for the second straight day, fell $20 plus per ounce in trading. Gold stands at less than $870 per ounce while just Friday it closed at over $900. The Fed signals which have been making gold prices bounce around are at it again. Today with talks of a fed rate hike on the horizon, gold was not good for those invested.

However, those looking to purchase gold may be able to buy gold at a quite a discount to recent highs. Those willing to risk more possible pullbacks could be able to get into gold now and wait for the next run-up. Although we can’t be sure there will be another precious metals rally, the erratic market would tend to lend to these types of spikes in safer investments like gold.

The price of gold retreated today on the Feds announcement that they were most likely done cutting rates. This announcement came while oil continues to rise and the market remains shaky.

Gold, which is one of those safe havens for dollars, especially when the dollar is weak as it is now, may suffer at the hands no more rate cuts. However, this might only be temporary. Oil is continuing to rise sparking talk of a recession and everyone is feeling the pain of inflation and rising food prices. So why won’t gold follow suit.

Although this is a blog on gold, you have to look at as a commodity slice of the whole market. Prices are going up on all commodities because there is a rising demand for all commodities while there isn’t as much a supply. This means higher prices.

The FED may be trying to curb inflation but will they kill golds rise? I’m guessing not. Gold may be at great price to buy right now.

Buying gold has been good choice for the past year. Huge gains have made a lot of investors who dumped the dollar, dumped stocks, a lot of money. The price of gold reached $1000 per ounce not too long ago and looked like it wasn’t going to stop any time soon.

Then the stock market came around, the housing bust didn’t seem like such a bust anymore and the world wasn’t so sour on the dollar. The price of gold quickly dropped below $900 per ounce. And it has stayed there ever since, bouncing every once in a while but then profit taking takes over to bring it back down.

Is the reason for the drop a good reason? Not sure, but the dollar is still down, the market isn’t turned around that much, and oil is still rising rising rising. If oil is on it’s way up and inflation seems like its going to be the tale of the summer, why the pull back in gold?

If anything, I would think the price of gold would continue to rise, but we shall see.

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.