Greek Debt Crisis and Investment in Gold

I wrote on investing in gold not too long ago here.  Well, if you're thinking when is the right time to invest in gold, the answer is NOW!!

Did you ever heard of the Greek Debt Crisis?  Well, the crisis has shaken the EU stock markets and its currencies with the euro hit a 14-month low.  Almost at the same time, the Wall Street also had announced that the heat already reached them. The Dow Jones industrial average on Thursday last week saw a nose-dive that dragged the index into its biggest ever intra-day drop in terms of points, a fall of 998.5 points at its low point which translated into nearly USD1 trillion was wiped off US equity values.  Read more here and here.

So what the news have anything to do with buying gold? Ahah... good question, read further!

While the value of major Europe stock markets and currencies fell - including the euro, there are very little ordinary investors like us can do, except for hedging for a better position.  Gold, along with other major currencies - such as the yen and financial instruments - such as government bonds, will provide the best hedging option.  For instance, gold jumped more than 3 percent last Wednesday, to top $1,200 an ounce in the biggest one-day gain in more than a year. 

Talks among the economists are that soon Portugal and Spain will also join Greece in the Debt Crisis league. So, there will be sometime before the EU regulators can regain full control of the situation. That will allow enough time for gold to further rally its value.  Read more here and here.

So, what do you waiting for??  Let's invest in GOLD