The stock market has been responsible for so many people losing so much money in the last several years that one wonders how gold has performed. The current gold price indicates that anyone who has had money in gold has done much better than those that have had their money in stocks. Gold is seen by many as a hedge against uncertainty and these have been uncertain times for sure.

If you haven’t had any of your money in gold now might be the time to give it a look. The stock market might have a ways yet to go on the downside and having some of your money in gold might be smart. The key word is some of your money as it is never a good idea to have too much in one thing. If you put all or most of your money in one stock or in gold, that is akin to gambling.

The one thing to note about the gold price over time is that it has never gone to zero. Gold has been considered valuable for many thousands of years going back to the ancient Egyptians and further. At no time in history was gold not valuable and for this reason many people buy gold as a safe investment. With the economy being what it is and the stock market in free fall for so long, gold seems to be one of the places one might put some of their money for safety. If the economy does not recover soon, gold will become one of the most popular places for people to have their investment cash.

People might wonder why the current cost of gold hasn’t gone up much in these troubled economic times. Most folks buy gold for safety because it is the one thing you can count on to hold its value in bad times. These are most certainly the worst of times economically and those who have gold have done reasonably will with it. But it still hasn’t gone up like you might have thought it would with stocks performing so poorly.

If you want to buy gold you can buy the real thing, which is cumbersome to keep and protect, or you can buy something like gold stocks. Either way you have a stake in the gold market and will be hoping that gold continues to do well. Some people now do not trust any financial institution and they are hoarding gold coins and gold bars just in case a worst-case scenario unfolds.

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