Investor nerves apparent as gold strikes record levels

A MAJOR sign investors remain nervous came yesterday with news that gold struck record levels.

When the price of gold rises this is a signal investors are rushing to purchase it in a flight to safety as in times of crisis gold is seen as a secure investment.

The price of gold struck a record high above $1,700 an ounce while silver also moved higher yesterday in what was another troublesome day on the markets. Gold has gained more than 20% so far this year.