Subscribe to the BlogGold is the most sought after metal whenever people have more money and also whenever people are worried about the economy. At the beginning of the Lehman Bros crisis towards the second half of 2008, the Gold prices were hovering around the 700 dollars mark.
But in the last one year the global uncertainty has only forced individuals across the globe to put part of their investments into the long proven yellow metal. And in the last six months countries like China and Australia have also started piling up Gold into their coffers. These countries have been forced to diversify their investments away from the weakening US treasuries.
And that has pushed up the prices to a record high of 1224 dollars this month. In the last six months, the gold prices have been touching a new multi year high almost every week or two. Experts feel that Gold might still give a decent return in the year 2010 also.
Though the prices have run up already by over 30% in the last six months, leading analysts are still recommending Gold for investors. The reason is that there are enough chances for a global shake out in the year 2010. That could force many investors to chase Gold rather than real estate and other commodities.