Citigroup expects the gold price to hit the $2000/ounce already by the end of 2009. The financial crisis and the gib credit crunch have led to a rush for gold never seen before. Already in march 2008 the gold price hit for the first time the $1000. The reason: Many people have lost a lot of money by investing in funds or certificates - they don't trust in these anymore and want a real value. Central banks are producing more and more money which is as a result getting less and less worth. Inflation is imminent. Gold and silver on the other hand will be getting more and more valuable as it can't be reproduced artificially. Furthermore silver is consumed by the industry, especially in medicine. Experts estimate the silver stock to exhaust in approx. 20 years and there's no other material in the world to replace it. Obamas bailout programme is nothing but a big waste of money, it will be the society that have to pay for it - we all. The only solution is now to invest in physical gold. http://585-gold.com gives all the information needed: Where can I buy gold online? What about taxes and insurance? Where can gold be stored? What coins are the best for investment? If you are interested in silver,http://585-gold.com/925-silver.html is the right place for information.
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