In the Mexican mountains the conquistadors were the ones that were prospecting for gold in the old days. Now, things have changed and the ones that are doing the prospecting are the geologists and engineers armed with sophisticated equipment and backed up by billionaire investors.
Most of them are American and Canadian and they have been doing this for many years. But now that the price of gold has reached unbelievable peaks, they are working twice as hard. The vast majority of them have left the companies that they worked for and have started to raise capital to fund their expeditions.
Gold is priced better than it has been in a very long time because of the financial crisis that in taking place in Europe. Also, there is a great demand for the glittering metal because more and more people are investing in it. The price of gold is likely to go up again so, the mining companies are beginning to explore old mining sites. Many countries are investing in gold frenetically because they are trying to diversify their assets. Countries like China and India are known to have been purchasing massive amounts of the precious metal. India has bought only last year 200 tons of gold from the International Monetary Funds. But on the other hand, China has been buying its local gold with local currency thus investing in its economy.
Prospecting in Mexico has been more hassle free than in other countries. The investment rules are friendlier and the bureaucracy is more efficient. Despite the local troubles, the mining activity has been functioning smoothly. It costs millions to start exploring but because of the techniques and materials the chances of finding gold has increased with 25%.
Gold was and will be a safe and profitable investment for the future. It is a very good inflation hedge and the best way to protect our savings. There are many ways in which you can invest in the metal this is why you should do a little research and start buying.
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