Is gold a safe haven in 2009?

Gold has always been a stable investment, but not over the past 12 months. However, it seems like the tide is changing as gold is once again redeeming its position as a safe having for investors in troubled times. Keep an eye out as gold sneaks its way to $900-an-ounce in the near future. Today, the gold commodity surged $37.10 to settle at $895.30-an-ounce.

If you are not the kind to drop your money in commodities, then take a look at shares in gold mining companies. The hike in gold prices are provoking an upscale swing of mining companies share prices. With the onslaught of investment from many federal governments throughout the world, the fear is that inflation will begin to manifest itself. However, gold is typically seen by investors as a store of value and a hedge against inflation.

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