Monday, October 02, 2006

gold and why you can't go wrong

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Even if by some miracle there is not huge disruption as the twin terrors of Peak Oil and Climate Change hit gold is still a good bet. 'Modern' society is obsessed with gold as both jewellery and a safe store of wealth.

But back in the real world you really need to look at converting your surplus wealth to gold now. Bank accounts will not be safe once things really begin to collapse, the only safe way of storing your wealth is by converting it to gold. The easiest way is by buying gold sovereigns and half sovereigns. Stash it somewhere in the back garden. When things start to go awry dig it up and move to your hideaway in the country.

Now's a good time to buy. Buy in the dips, there's always a little profit taking as gold hits certain psychological ceilings. $600-$700 an ounce will look crazy in 5 or 10 years time.

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