There is something very noble about a block of solid gold, something that just makes you want to touch it. This is part of its great value.
With gold doubling in value over the last few years, many clever investors have seen their total asset pool increase in value while most people’s investments have declined or stagnated. When you review the numbers for the past decade or so, there really aren’t many other places you could have put your money that would have done as well.
It is the real currency of healthy empires and countries no matter what other political, financial or military assets they posses. Gold is malleable, a great conductor of heat, and is unaffected by air, water or most chemicals. Because of its hardy nature, gold really does seem to last forever.
People recognized that it was a valuable metal because of its many uses. Gold is an amazing material that is still used widely today in a number of different industries such as car making, science and research and even in cooking.
Poor policy making and floating currencies are open to instability, but gold’s value is independent. As national currencies swing in value wildly, the real worth of gold in your portfolio becomes apparent. Devalued currencies can result in runs on banks and increased costs of imported goods. When currency values fall too low, a country’s central bank will often buy gold with hard currencies to prevent collapse.
If you haven’t considered buying gold, then now is the time to do so. It’s never been easier for anybody with a bank account and pare funds to trade gold thanks to the internet. Find a good site that buys and sells gold, and follow their instructions on how to use them. Most companies offer easy to use services.
It’s just become so simple nowadays, and it’s even become something of a hobby among people on the internet.
Gold is not an investment that immediately springs to mind when individuals come into some money or want to create a nest egg for themselves. This is because in the past it was difficult to obtain and then sell. No longer is the buying and selling of gold only for the super-rich or the super-connected.
It’s something that should be considered as part of any well rounded investment package and most importantly of all, it is now very easy to do! When you think about your biggest financial goal, for most people it is their old age.
Previously we could rely on our government to help out, but the banks just helped themselves to trillions of public debt that must be repaid, so for most of us, we need to take of ourselves and investing smartly now is the only way.
You just have to open a newspaper today or do some research online to know that there are very few financial investments today that are considered to be “safe”.
Gold, however, has bucked the trend of wildly fluctuating prices, and remains to this day, a good “port in a storm”. Gold’s price rise has continued in a fairly steady manner since 2000, and despite a few lows and highs, it looks to maintain that sort of growth into the near future.
You need to be somewhat risk averse when you’re investing your own money because one wrong trade or purchase could have seriously negative impacts on your family’s overall wealth, so conduct your research extensively before making any moves.
Gold was used by our forebearers in so many beautiful and sometimes surprising ways – for example during the middle ages practitioners used gold coated pills and water mixed with gold regularly.
Gold is one of those precious metals that doesn’t really age or fade in time. Once gold was minted into coin form, certain countries benefited greatly from amassing and trading with gold.
Computers, cars, medical research equipment, photography and electronics – just some of the modern practical uses of gold.|Gold is acquired and widely held by investors and central banks during periods of economics uncertainty to ensure the stability of their financial position.
Falling currencies are often a serious side effect of poor policy making by national and regional governments who either act irrationally or fail to act at all. A significant currency fall ultimately sees the price of imports rise and the buying power of the average person decline which can lead to inflation ultimately as people require more money to buy staples.
The discovery, mining and uses for gold haven’t changed all that much since the earliest man started finding it but we’re now able to apply our technology and capability across wider areas.
What’s fantastic at the present time is that if you own a credit card or PayPal account, you too can trade gold with the big brokers online. It is amazing in modern times the rate at which we can transfer and share information and the role that has played on wealth creation.
With the rise of the internet, having a self-managed investment portfolio is well within reach of just about everyone.
Many millions have been earned and lost by people day-trading on the internet. The number of gold trading systems that have sprung up since the beginning of the bull market for gold on the internet is simply an indication of how popular it has become and where the technology allows us to take things.
You need to be sure though that moving into a new type or class of asset fits with your overall investment strategy because otherwise it could wreak havoc on your liquidity and rates of return.
When people think about buying gold they often think that only wealthy people can afford it, but of course that’s not true with the variety of investment vehicles available today. Individuals with money have always known that the price of gold will continue to increase at variable rates over periods of decades.
That’s good news for anyone looking to invest in something substantial, that doesn’t reach the highs and lows of some other types of investments. History tells us that gold has not only been valued for its many uses and its beauty, but also as a haven when financial times are troubled. Making money from gold seems like a good idea, when other investments are on such a roller coaster at the moment.
One of the things that people tend to forget about gold is that is quite rare – it can be found in only five tenths of the earth’s outer layer! Because of its hard wearing nature and of course its good looks, people in ancient times placed a lot of value on owning gold.
As civilization advanced, gold quickly became used in bartering and as a form of currency. Even in our world of credit cards and internet banking, we still look at bars of gold with awe and wonder, much as our ancestors would have. Gold is still very much a sign of wealth today – you see this often when people build or renovate houses and include things like gold taps or baths in their designs.
National currencies have an arbitrary value that is essentially based on nothing but a promise. In turbulent times, the value of a nation’s currency can be reduced significantly. When these situations arise, gold becomes invaluable. Gold becomes more scare and more valuable as the value of paper money diminishes. When countries fall or currencies crumble, the smart investors or governments always build up their stores of gold. Ancient man was right to think that gold was an “ever lasting” material.
Pieces that we dig up from under the grounds or find in elaborate tombs are still stunning thousands of years later. The differences today with gold are obviously that we use it in things like electronics, space exploration and mobile phones. Certainly because practically everyone can get their hands on gold, or gold leaf, it is not considered quite so rare these days.
Gold is still at the center of our wealth creation today even though it may not be in the form of ingots or bullion. Our computers all use considerable amounts of gold because of its conducive capabilities for circuitry.|For most smaller investors gold has always been difficult to buy. There are now many programs available for those type of investors to directly buy gold online.
If the current bull market for gold continues then we’ll see a huge increase in the number of brokers and websites who will offer a convenient gold trading system. One good idea before you get started is to make sure you take advantage of all of the free information available to you by subscribing to an industry newsletter or reading one of the numerous blogs on the topic so that you can keep up with current events.
Fluctuations in gold prices are brought about by many reasons, for example when the economy is doing badly and the bank lowers its savings interest rate. Why hide your money in the bank for little return? Why not invest in gold? Should gold be part of your financial portfolio?
Millions of people across the globe would say yes, and in fact have done just that for years. Gold is an option that many people either don’t know about, or are unsure about how to go about buying and selling.
The well-to-do have been turning to gold as a good place to keep their money for centuries. But it has only been since the 1970’s, when the US lifted a forty one year ban on the private ownership of gold, that it has really become a valuable commodity.
Along with silver, platinum and a range of other rare metals, gold is a special substance. Gold and silver were discovered very early on in man’s history, and both were used as religious adornments, idols and figurines, and of course jewelry. Gold as currency is an old concept – it goes back at least to the Classical Period in history.
Gold is used extensively in industry in the modern day, and is still prized for its ability to turn heads.|Most citizens of a country simply assume that the money in their pocket or in their bank account actually holds a real value. It may be difficult to understand but that paper money is underwritten by nothing but the assurance of the issuing government.
The complexity in the system arises from the fact that so much money is traded daily on the foreign exchange markets that the real value of a currency can become speculative.
If the markets lose confidence in one government’s ability to pay its debts, then often times, it can be shut out of the currency markets and be forced to buy and sell in gold.|What is true today is that gold has maintained a good price because of the disastrous headlines making world news. There are also many ways to profit from a falling gold price – these include put options and exchange-traded funds (ETFs).
Heavy with the weight of debt taken on to prop up banks and underwrite failing economies in Europe, it will be worth paying attention to non share asset prices as the western world heads into a period of economic growth.
One must think that with outrageous levels of foreign debt and never before seen levels of unemployment for most western countries that precious metals and safe investments are going to be a good asset over the long term despite maybe some short term drops.|Every smart investor should ensure that their portfolio has adequate levels of investment strategy diversification to avoid risks to their financial future.
Share trading software has progressed incredibly since the internet has become more available and as a consequence, more people are playing the share markets on a regular basis.
It has been difficult historically for smaller investors to trade gold as part of their portfolio because of systemic issues. While stocks have taken a beaten during the GFC, gold has been a great investment having seen its value go up by more than double. There are now however improved programs and systems that make it much easier for people to buy gold online. Serious investors know the true value of a diverse set of assets and now gold can easily be part of that mix for many smaller investors.
Like all investments, gold undergoes a range of price differences, depending on financial circumstances such as interest rates and supply and demand. The overall increase in gold prices over the past few years has coincided with one of the greatest financial crises of all time. When you consider the plethora of investment opportunities out there, but then you look at the results, it is almost a no brainer for anyone who wants financial freedom to investigate how they can start to buy gold online.
When looking at priceless ancient works of art – sculptures, religious icons and jewelry etc – what often strikes you most is the heavy use of gold. You’ll often find today that gold is so valuable that people will pay good money to buy it in scrap.
It could be said that our artistic, religious as well as our financial expertise developed with gold. While our modern religious practices don’t necessarily value gold as highly, our popular culture’s opinion of gold has not decreased.|The international currency market is filled with fiat money no longer supported by the gold standard and traded the world over by investors and governments looking to diversify their own cash holdings.
During the last century over a dozen fiat currencies have failed due to hyper-inflation and the respective government printing too much money that became worthless when trading partners refused to accept the promise and wanted more solid forms of payment. The US and Roman Empire have both seen fiat currencies fail.
Before continuing with a new currency, debt was largely cleared and the new currency underwritten with increased stocks of gold.|One thing you have to keep in mind when investing or trading on gold is that prices will not rise forever. Say the economic gloom suddenly clears and the news is all bright. Interest rates suddenly rise, and people will want to get back into investments that will make more money.
Well of course there are ways to make money when the value of gold goes down. Increasing your net wealth during times of uncertainty is one of the best ways to become truly wealthy, so it is important that you know that buying gold online is now easy and open to all investors.|With the help of the internet, even the smallest investors now have the means and the technology to trade in shares virtually anywhere in the world.
As time has passed, it is now just about as easy to buy and sell gold with some of the new programs that are in place.
Buying gold coins can be part of any well rounded investment strategy whether you’re playing with pennies or managing your own retirement savings fund. Keeping a close eye on a variety of economic factors and understanding how current events relate to the market is a great way to ensure that your gold investment strategy stays strong and earns you a great profit.
Hugh G. Cox
The Author has been dealing with gold and investing in gold for 12 years. If you need information on how to buy gold bars, I can help point you in the right direction