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• http://www.wikipeers.com/news/6902-invest-in-gold-platinum-and-palladium.html Do you agree with this article?

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  I agree with this article and I own a fair bit of gold. Best to own gold, then silver, then palladium. The precious metals are limited and gold is in very high demand. Consider all that gold has been used for in the past: currency and coins, gold plating, jewelry, electronics, all the gold bars in the reserves, ancient egyptian artifacts, etc.. Now consider if you put all the gold that has even been through all of history mined into one big cube, it would be 30 yards x 30 yards x 30 yards. That's not very much gold. On top of all the uses, people are buying it up as protection for inflation. Greece, Italy, Portugal, Spain, Ireland, all have huge debt problems and are on the verge of bankruptcy. That's inflation. China is raising interest rates and trying to slow their economy because of inflation. The US may default on the interest payments for their treasuries; they may also have their credit rating decreased. This all leads to debt and people are buying up gold for protection. As things get worse, gold will continue to go up. Eventually Greece will be removed from the EU and allowed to default. The US will have their credit rating decreased (even though they probably won't default on the interest payments). Things will continue to get worse and gold will be the thing to buy. An even better thing about the inflation problem in China is the government has the authority to take investment deposits from citizens, so citizens who want protection against inflation have to buy physical gold and hide it in their houses. That means they aren't just buying a piece of paper that says they own gold; gold actually has to be shipped to china and distributed to citizens. That's a big demand on the gold market, because gold ownership is like paper money and is printed without actually shipping existing product. Gold is up 8% this month, so I can't say run out and buy some tomorrow. I would say wait until it comes back under $1600 and leave some room to buy more if it goes down a little more. But long run, the world economies are just going to get worse, terrorism will always exist, wars will always happen, countries will live on the verge of collapse without ever balancing the budget, and the population of ultra-modern countries is decreasing as the babyboomers die, which leaves a smaller group of people to pay the tax budget from worse, low-paying jobs. Protection against inflation is the new black. Buy gold.