There's gold in the hills! It wasn't long since I commented on the best investment in a shaky stock market is gold and that we should be buying gold to stash in our mattress - March 5th to be exact, and the other day, it hit an all time high of $1,008 per ounce. Don't tell me I don't have an eye for gold.
Did you know that you have a choice in buying gold in bullion form or in gold certificates? Alright, you might not be a savy investor and don't really want to stash your gold in your mattress but don't let that stop you from investing into something as good as gold. Savy investors will buy gold certificates and have their brokerage houses keep them. If you ever want to convert these certificates to gold bullion, you can for a small fee. But most investors don't bother.
If you're new to investing in precious metals, my advice is to forget them all, except gold. A lot of people are flocking to uranium and I've been tempted but I've heard several analysts say that there aren't any nuclear plants coming up any time soon. They say that to build a nuclear plant, it literally takes them years of approvals before they break ground. Buying uranium is not for all investors, just the ones that are patient. And I'm not patient when it comes to tying up my money for a long time.
The last time gold jumped up, we didn't really see any effect. Back when gold was selling for $100 an ounce, we saw less gold fillings and crowns at the dentist. People were replacing them with metal caps and melting them down to use in bracelets and earrings.
With gold topping the charts, word on the streets is "Sophisticated Simplicity" which European fashionists are trying to sell to the jewelry markets. In Asia, jewelers are selling street-chic and rustic pieces. The days of wearing huge chains, made of gold are over. We're going to see less gold pieces and platinum ring mounts and start seeing more hollow pieces with lighter-weight designs using more semi-precious stones and non-traditional materials.
It's not too late to get into gold now. Remember the ratio between gold and oil - 15 to 1 and the price of oil keeps inching up every day
