Housing bubble burst followed banks going bankrupt. What will follow? Tax revenue collected will fall further, unemployment rises, and the US dollar will weaken further and will not have much value in the months to come as more investors worldwide will invest in more tangible commodity assets like gold, despite unstable paper money, or to the next strongest currency.
Bullion traders are watching businesses revving up in this global collapse, and many have sold their homes in return for gold as historical gold prices have never dropped to zero, even if the dive magazines. 2008-2009 showed increasing trends in the price of gold in commodity terms.
Year    USD/Troy ounce
2000Â Â Â 272.70
2005 Â Â 513.00
2008 Â Â 865.00
2009 Â Â 925.00-1200.00 (stream-expected)
London has the largest market in the world for gold transactions, and in 2008, the value of gold transactions rose 58% to a record 20.2 trillion (£ 13bn), according to the international financial services London (IFSL).
Americans are exaggerated American Eagle Gold coins from hundreds of dollars due to the huge sign up by merchants, or even if they are offered on eBay. Still, it seems like a good proposal for short-term benefits. For profits in the long run, this will make more economic sense to invest in gold mining stocks or gold bars that trade near the value of precious metals.
For those who don't know, China South Africa is the highest gold producer in the world by 2007, and soon may overtake the India, the highest consumers of gold in gold consumption also now with the demand for gold is triple in 2008. China has an estimated 1.3 trillion dollars invested in investments in dollars, just 0.9% of its reserves in gold (600 tons), that the u.s. has the 48.0% of foreign exchange reserves in gold. Boost Chinaâ € ™ s reserves even marginally, China should bullions, which will skyrocket the prices for way longer than expected $ 2000 mass-market. Gold is just behind the Yuan as the dollarâ € ™ s status as a reserve currency will decline sharply, and China is ready to do it.
Gold prices in India have hit record over the past few weeks, partly reflecting an abrupt devaluation of the rupee value that made it much more expensive Dollar values yellow metal, and most people who sell their gold jewelry or to exchange the old jewelry that is good for short-term gains. But bad for long-term benefits, such as the price of gold alone is expected to rise to as high as $ 1200 per ounce by the end of 2009.
It's time to act-diversify your portfolio virtual gold, invest in gold mining stocks and hold your gold, until you get the best value selling.
