Why Is Gold Rising?
Here is a short excerpt from the most recent copy of The Delaire Report that answers the above question perfectly.

Gold is an international currency and it is amoung the most liquid assets in the world. It can be readily bought or sold 24 hours a day in one or more markets around the world. And, the price is very transparent and can be seen anytime no matter where you are.

We are now entering a golden era as people begin to lose faith in their own currencies. When this happens, they turn to gold as well as silver because these precious metals are the only currencies with an intrinsic value. This mistrust of these fiat currencies are the first signs that the global currency system is faltering and if the current currency system collapses, no matter how much “paper” money you have in your bank, it can all become worthless. But, gold has an intrinsic value, and in the last 5000 years, it has never become worthless. While I sincerely hope we do not see such a collapse, I think it wise to take some precautionary measures such as owning gold. When individuals become disdainful of their own currencies and everyone else’s they turn to gold.