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Saturday 23 October 2010

Bar None

Did you know, gold bars are coming back into fashion? I don't mean as an accessory. I don't think we'll be living in a world where Paris Hilton finishes off an outfit with a bar of gold like she used to with a silly dog. I don't doubt that she would do something as silly in fashion terms, I just don't think she'd be able to lift one.

I mean buying gold is back in fashion in the finance world. People are realising that something that is solid and real is far safer then a value on a computer screen. If you have shares in a company and something goes wrong, they make a bad decision or they have problems with trade, the value of your investment goes down. All that really happens is that a computer somewhere changes the value that is stored on it and you have less wealth. But if you have gold, real bars of gold sitting in storage, you can see with your own eyes that your wealth is safe.

That's not something that as considered important until the recession hit and and cost us all a lot. The city bankers and investors are risk-takers, which is fine for them, but for your own money you might want to be more cautious.

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