For the first time since March, the price of gold per ounce has reached 00. Is it a sign that investors feel the recession is over though? Or it might be that investors are using gold as a safety net against depression.

During times of inflation gold is an attractive commodity, it has risen 13.6% in the previous 12 months. Looking at this; there are two differing conclusions that could be drawn. Optimism would have us see it as a sign of recovery, getting out of the recession.

If you take this view, it would be a good idea to buy gold bullion coins before their value gets too expensive for you. You will be able to sell at a higher price. Or, you could sell any gold bullion coins you have now and get a good price for them.

Or, because gold is often used as a wealth protector in times of economic downturn, its higher value could be seen to indicate that people are moving into gold in case currencies fall. This can be seen as the US dollar which normally moves in the opposite direction to gold, has been declining during that same time.

Uncertainty on the part of businesses and traders has contributed to higher prices. Governments use their gold reserves as protection against drops in their currency, gold is a safe way to store your money.

There are questions circulating over the health of the world’s economies, where interest rates are heading is one of them. Gold is being hoarded by big traders.

In March 2008 gold reached an all time record high of 32.The value of gold reached a record high of 32 in march 2008. Now is the first time gold has reached 00 an ounce since March this year.

Gold is sold in troy ounces. One ounce is equal to 31.1035 grams or 480 grains. One troy ounce is equal to 1.09711 avoirdupois ounce which are widely used to measure weights in the US and UK.