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But to think that gold financial investments are a safe haven is really not the right way to think. If it were a safe haven, why did it fall greatly in value over the 20 years before the start of the millennium?

It’s been such a phenomenon, investors in gold have seen their money and grow five times over – at the beginning of the millennium, it cost about $200 an ounce to buy and now, it costs about $1200 an ounce.

People that there is a layer of protection when they don’t actually buy the metal itself, but buy gold stocks.

The Bank of America survey that comes out every month on what the world’s best fund managers invest in, finds that most of them hate to touch gold because they feel the bubble is about to burst.

Gold is really self-serving thinking talking there though. In a time like ours when we keep excessive records of the price of everything, it can be still hard to know what gold cost 40 years ago.

Doomsday enthusiasts love gold bullion or gold coins for a strange reason. And they like to sell gold coins when the price is high. They feel that when the nuclear wars break out and people head back into the caves, gold will be the only real money left that’s worth anything.