Gold hit a brand new, previously unheard of price high in the week commencing 5th September 2011. Gold traded at a massive $1,920.94!
Gold has been steadily rising higher and higher in price since the start of the worldwide recession and this latest price rise is the latest in a long line of rises.
So, why has gold risen so high?
In times of financial, social or political instability, investors around the world seek to preserve their fortunes and have historically mistrusted paper money. This makes a lot of them invest in gold so that they can have their money tied up in something that is unlikely to lose value.
Gold is still incredibly rare. All of the sourced gold in the world combined into in a cube wouldnâ€™t even cover a tennis court. This means that its value as a commodity will fluctuate far less than the value of paper money.
As with any commodity, anything that becomes high in demand becomes higher in price. This is reminiscent of the 1849 Californian Gold Rush when a cup of water was said to be priced at $100.
How can I take advantage of the high gold price?
Sell your gold now while the gold price per gram is so high. The most important thing to know is that what goes up must come down. As the financial world recovers from the devastating effects of the recession, gold will stabilise and gradually fall in price as investors regain their trust in the US dollar and paper money in general.
So, sell gold now while you can still get a fantastic price for it. Postgoldforcash.com is a UK based gold buyer who is passionate about making sure customers benefit from these high gold prices as much as possible.
They pay all the postage, packaging and insurance on the gold that they buy, and always pay excellent prices for your gold.