Wednesday, March 4, 2009

Why gold prices will keep rising - MSN Money - New Investor Center

1 oz (Troy ounce) of fine gold

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There are lots of good reasons to take a stake in gold, and right now the price is one of them.

After topping $1,000 an ounce in mid-February, the price of gold bullion had tumbled to $940 Monday. That's very close to a band of technical support at $935. Yet another layer at $900 should keep it from falling much lower.

Despite the lull, these are all relatively high prices historically. Yet as we face the threat of substantial global inflation as a result of recession fighting, gold's upside is enormous.

Why gold prices will keep rising - MSN Money - New Investor Center

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