No matter where or when, the value of gold transcends borders and time. Although the price may fluctuate with changing economic conditions, gold always finds a market.

Bad news is good for gold. Uncertain financial conditions crush paper money but send gold prices climbing as investors put their faith in the solid, gleaming metal.
    

The current market is no exception. In the past year and a half, gold prices have increased from $269 per ounce to a current price – as of April 2008 – of approximately $900 + per ounce.

World Ventures former President Ray Carson has an intimate interest in gold. For 40 years he was engaged in gold exploration in Central America, Arizona and in northern Canada. For 50 years he has been involved in the mining industry and has watched the ebb and flow of mineral values over much of the previous century.


He writes:
In my life time I have experienced two GOLD cycles and I firmly believe we are now in the midts of the up trend of a third cycle which is likely to last at least seven years. From a Miners' position it is important to be underway with a gold project before the rush gets going in full force. The miner has the best of all worlds if he has an operating business with profitable mines and if he has a reserve of gold in the mine to draw on as demand increases. At that point, should the price of gold increase substantially, the miner is in a win-win situation. During the Great Depression most of the gold mines in North America flourished.

{mosimage} Bankers and money managers will come up with bleak forecasts for gold as it defies all of the economic reasoning for which they have been trained. If you track the price of gold over the past 100 years you will see that it has kept up to inflation and during times of world uncertainty and economic turmoil, gold is in huge demand as it is the only currency that is not paper and it does not have a country.

For example, during the Great Depression most of the gold mines in North America flourished as the demand for gold was high...

We are now in times of an over heated and greatly troubled World. America's New War,{mosimage} Iraq, North Korea and nuclear threats from Pakistan and India create economic and personal insecurity. Argentina is bankrupt, Venezuela is likely to be next and Japan faces a very serious banking crisis.
This time the demand for gold is not coming from the Central Banks and the New York jeweler but from the billions of working class people in the third world who want to convert their paper money and wear their wealth on their person.

During the 1970's there were great fluctuations in the price of silver as the India/Pakistan population converted their paper money into silver rings, hair jewelry, silver bangles etc.     


Today history is repeating its self but gold is now the metal in demand. The eroding of the South American currencies and the imminent withdrawing of Bank deposit 'guaranties" in Japan will create a huge demand for gold from the working class people in the Orient, South America, Japan and other stressed parts of the world.

 GOLD IS MONEY. It is the only money that is recognized everywhere in the World.
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