Posted on Friday, January 18, 2013 at 2:30 pm CST
It is a universal fact that gold is an excellent hedge against inflation because it can not only be recycled and reused but, can be converted as cash to tide over difficult financial situations people may face. Ironically, gold does not seem to lose its sheen even if the economy is not performing well. Likewise, people do not seem to bother to see if the gold prices tumble or move up. They keep buying it.
Source: California Gold Rush Miner