Gold Prices Today Hit $1000
Gold prices today have broken $1,000. The price of gold has been on a tear this week with today’s last day of the week have gold prices rise above $1000 per ounce. It has been almost 11 months since gold prices have been above $1,000.
Since 2002, gold has been experiencing a bull market, but over the last six month the price of gold has gained momentmum. In August and September of 2008, the financial crises has lead tons of investors to invest in the gold market.
Gold is a great hedge against political instability and financial instability. With people scared to invest in banks and the stock market crashing the price of gold has increased over 40% from $700 an ounce of gold to gold price today of $1000.
Gold investing is becoming a hot area of investment for Wall Street and Main Street. As you drive around your town, I am sure you have noticed all of the new signs around saying, “We Buy Gold”. There is a reason why these stores are popping up all over the place. Investing in gold is hot.
But there are a lot of way to buy gold. You can buy gold bullion coins from the United States Mint. You can buy rare gold coins like St. Gaudens gold coins. Additionally, there are a lot of gold ETFs, gold mutual funds and gold companies that you invest in.
Some common gold ETFs are the GLD etf and the GDX etf. The GLD etf is the SPDR Gold Shares ETF and the GDX ETF is the Market Vectors Gold Miners ETF. If you would like to invest in gold mining companies some to consider are Barrick Gold, Goldcrop, and Kinross Gold. All of these companies are traded on the New York Stock Exchange.
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