The gold investment -Time to buy gold now !

Gold prices snapped higher recently and have been in an uptrend for years. The recent move above $455 took gold to highs not seen since the late 1980's. What is driving the gold market and why should gold head higher still?

Base on the five reasons , we can buy gold as an investment

Reasons we think there is more room to the upside for gold price:

1)Interest rate projections are rising around the world and gold is a traditional hedge against inflation.

2)Central bank selling of gold reserves accumulated over centuries has slowed drastically in the last few years, and some central banks are even accumulating gold.

3)Gold is most commonly priced in US dollars and, in the past, often slavishly followed developments in the US dollar, e.g. only rising when the USD weakened. But over the last few months, this has changed dramaticaly as Gold rose to new record highs despite a stronger USD over the same time frame. In Euro/old Deutsch Mark terms, in fact, gold is trading at new 17-year highs.

4)The bird flu is some how scare the people world wide ,and if the H5N1 bird flu start to hurt people ,the world wide business action will be forzen .

5)Technically speaking, we would like to see gold toward 500-505 dollars and even higher as long as the price stays above 450 dollars, the big level it finally "broke for good" this September