Investing in gold has proved both popular and profitable in recent years. The price of bullion continued to race ahead for the whole duration of 2009.

Overall in 2009 gold has risen by more than 50%. In November it achieved an all-time high of $1,150 per ounce. Gold is traditionally viewed by savers as the ultimate safe investment during precarious economic times.

It is also used as a hedge against the dollar.

In recent years, major stock markets have had some of the worst falls on record. As a consequence, it comes as no surprise that investment in precious metals has been booming. Plus of course, the nature of gold makes it simple to buy and sell.

The only problem with gold is that demand always outstrips supply. The general consensus amongst experts is that gold will continue to rise; reaching as much as $1,500 or even $2,000 an ounce over the next few years.

If you are interested in investing, there is a Carnival of Stock Market Investing run by Michael at Stock Market Investing Today. If you have never seen a blog carnival before I suggest you drop by and take a look.