Other Mining Investments

Gold prices surged to $654.50

Gold prices continue to climb as analysts of the gold market believe it offers better returns than shares and bonds. Gold for June delivery was up $18.20, or 2.9% at $654.50 an ounce on the New York Mercantile Exchange (NYMEX). The gold market has not seen gold prices at this level since 1981.

A vulnerable U.S. dollar and the potential of conflict with Iran are factors fueling this latest rise in gold prices. Many gold market analysts disagree as to whether or not investing in gold is wise. The nay sayers have been saying gold investing was outdated and should no longer exist in our global financial markets. If you have been investing in gold the past year, good thing you did not listen to them, or you wouldn't have doubled the money you had invested in gold.
There is always an analyst preaching doom for a particular market. But smart investors are able to anticipate when a market such as gold is about to change, and savvy investors take advantage of gold during times like this. You have not missed the opportunity to take advantage of the current gold market. Investing can be risky, but if you have performed your research, looked at the simple supply and demand, then the gold market might pay excellent returns, make your own decision.