24k Pure Gold Jewelry Even Better Investment

Why is 24k pure gold jewelry an even better investment today than say, last month? It's because the U.S. Dollar is worth less now that it was a month ago. The dollar which is traded as a currency has tumbled recently because of the uncertainty in the financial markets (currencies that are traded) and because it looks like the price of crude oil is finally stabilizing.

You see, when that happens - the dollar falling in value - people turn to invest in gold as more secure, more stable. Platinum has also been strong because traders expect high demand from the jewelery industry.

Spot gold skyrocketed, as well as gold bullion, hitting a 28 year high. The main driver is the dollar. You have a supply/demand imbalance and did you know that China and India are buying lots of gold because of jewelry they are producing.

The dollar fell against all kinds of currencies because of a concern over the housing sector here slowing to a virtual standstill - and really, the broader economy. Investors look at this and jump from the tool used in trade to something more stable. In this case it is Gold and that is what makes 24k pure gold jewelry a good investment.

But investors, bent on making a profit, see gold investing as a hedge against other things as well - such as oil. Oil just surged to around $82 a barrel because of worries about storms in places where those offshore oil rigs are. And Gold futures closed up, too. COMEX Gold was up - but many are afraid of buying gold at the top of the market now. The new year at the Central Bank is about to begin, and you want to be buying low.

But there are enough things happening in the world to suggest that gold is going to go higher.