FAST FIVE: Why Buy Gold Now? Because Of The "I Don't Knows"…
Authored by Simon Black via SovereignMan.com, From 2000 through 2012, the price of gold increased every year, rising from around $280 an ounce to nearly $1,700.
The practice goes back to when central banks actually had to have gold on hand to trade in and out of paper money (or even trade for goods and services).
And then at the summit in Buenos Aries last week, China and the USA suddenly came to an agreement.
If there is one thing markets hate, it is uncertainty.
In ancient times, the price ratio between gold and silver was about 15:1, meaning an ounce of gold was worth about 15 ounces of silver.