The Gold Price from Monex Ascends as the Dollar Falls
Gold has been long been touted as an intelligent and highly profitable investment for consumers looking to hedge against a weak dollar and improve their financial futures. Back in 2006, The Chicago Sun-Times recommended that investors look to gold, either in the form of coins or exchange funds, rather than dollars to invest in. And were they ever right. According to USA Today and just by watching the gold price from Monex, the value of gold has risen past $1,500 per ounce. This is the highest price gold has reached to date, and as many industry analysts have noted, gold has not seen the top yet.
Insiders at Goldman Sachs believe that gold will see an even greater rise, as investors swarm to put their weakening American dollars behind a commodity that knows no bounds. This unprecedented surge in value means that anyone who gets in now can count on seeing great returns on an investment in gold. By observing the gold price from Monex, one can see that this phenomenon is real and is a boat they surely do not want to miss. With an uncertain economic future for America, everyone needs to find ways to protect themselves and hedge against future losses in the value of the dollar.
So many factors have contributed to the weakened state of the American dollar. The political unrest in the Arab world has caused markets to tumble, and the price of crude oil to continue to rise. Currently, Americans are paying over $4.00 per gallon for gas, and this is taking a toll on their pocketbooks. Uncle Sam is also in dire straits as the American federal government debt has become so out of control that minimum payments are impossible for the Fed to make. Thus, the federal government is pumping unsecured money into the economy, a temporary solution that will have hugely detrimental effects soon. This money causes the value of the American dollar to dip, and the only way one can ensure that they have assets and a way to buy the things they need is to invest in gold.
An investment in gold is one that is far more safe and secure than any company share. It is something that can always be used to purchase everyday necessities and can also be used later in life for retirement. Experts and everyday Americans all agree that gold is a sure bet and that its value is continually on the rise. Watch the gold price from Monex and you will see.