Gold Made Simple

Gold Made Simple

November 05, 2009 03:00 ET

Explosive Rise in the Price of Gold Fuels Interest

MANCHESTER, UNITED KINGDOM--(Marketwire - Nov. 5, 2009) - The recent explosive rise in the price of gold has fuelled interest from investors and has stimulated new and sometimes novel ways in which gold is being sold. The price of gold has reached an unparalleled high recently and according to experts it is set to continue to rise during the foreseeable future. At the beginning of October gold reached $1,048.50 an ounce which pushed the price up above the previous peek which was reached in March last year.

The price increase is attributed to investors who buy gold as a safe haven as the dollar price continues to fall and because of the prolonged economic crisis.

A representative from Capital Economics was quoted in a recent article as saying, "gold is one of the few investments where there is a case for explosive gains in the coming weeks".

Gold is becoming more accessible to investors large and small. There have been many novel and interesting developments in the gold market recently.

The most significant has been the introduction of online gold exchanges like Au (www.goldmadesimple.com). The philosophy of this website is to enable investors, however experienced and whatever amount they have to invest, to take advantage of the opportunity to profit from gold. With this system the gold bars can either be stored for you in secure vaults or delivered directly to you.

One of the more novel innovations was the introduction of gold vending machines in Germany earlier this year. The machines have been sited in airports and railway stations throughout Germany and enable investors to buy gold as the wait for their train or plane!

In the last week Harrods, the exclusive Knightsbridge department store has entered the market in gold. The prestigious store is providing private investors the opportunity to buy gold bars and gold coins from the store's private bank. Gold will actually be on display on the lower ground floor of the store in a reinforced secure glass cabinet.

There has even been resurgence in the American gold rush with sales of panning and mining equipment up. Individuals are buying the equipment in the hope that they will strike it lucky and discover deposits of gold as the prospectors did 160 years ago during the original Californian Gold Rush.

And even new ways of making gold are being sort! According to reports a bacterium has been discovered that turns gold compounds into the metallic gold. The discovery was made when bacteria C. metallidurans was found in two gold deposits in Australia.

With the price predicted to continue it's likely that the extraordinary interest in gold will be fuelled for some time yet.

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