Having read about the London gold fix recently i wonder why is gold (or anything for that matter) a safe place to put your faith in.
When a few bankers decide on the price twice daily (I call this manipulation) and the free markets (or me and you) have no say whatsoever whay are we so invested in it?
Please offer some input
Inflation is basically built into the system. Central banks literally target a 2% rate. Currently Inflation is 5 times that. Wreckless central banks have printed money like it's been going out of fashion. Gold is a hedge against this. Everyone with long term savings should own some gold. For me personally it's been a fantastic investment. The first gold bullion I own has literally doubled in value in sterling. Had I left it in the bank inflation would have literally eaten a large portion.