Why is investing in gold becoming so popular right now?

Question

Is it the instability of 'the strong' currencies, or just dollar?

All the currencies cant lose value, can they?

Answer 1

Its like back to the 70's, kind of funny deja vu. Same situation, gold went up and then came early 80's way down. I would be careful.

Answer 2

Silver is very similar, as well as most precious metals.  It's not that they are going up in value, and it's not because of oil.  It's the value of the dollar falling.  If we were on a gold standard we wouldn't have this issue.  But due to inflation and the Fed printing billions of worthless dollars, the value of the dollar in your pocket is decreasing, which pushes gold and other precious metals up.  It's the purchasing power of the dollar.  The Fed has had this tricky way of stealing money from Americans, it's their printing and minting presses.  Each time they pump more worthless money into the economy, they steal from you.  Your purchasing power goes down.

Answer 3

it is because oil went up that gold is going up

Answer 4

technically the price of gold is not what keeps moving its the VALUE OF THE DOLLAR THAT IS GOING DOWN ! watch what happens when the federal reserve prints billions more to bail out freddie mac and fannie mae and then prints more money to buy the stocks in those two corporations!