For the uninformed, gold certificates are certificates which represent, well, gold. They're pretty much what the dollar was back when we were using the gold standard, when the dollar correlated to some real gold sitting somewhere in the federal reserve. Not so anymore, but certificates still get the job done.
The abolishing of the gold standard is, of course, why we have to deal with things like inflation, recession, depression and so on, and that's how gold certificates are inflation-proof.
A gold certificate may not be spendable, as in, you can't go into a gas station and say "Give me a half ounce of gold on pump number three", but the certificate does represent some actual, tangible gold locked away in a safe somewhere. That gold technically belongs to you, but you use the certificate so that you don't have to worry about buying a safe to keep it in.
So how do you invest in these papers? The same way you invest in gold. The exact same way...
Play it Smart
Gold has always been a safe, smart investment. It's not for people who hope to get rich quick, who hope to make a mint overnight. It's for people who know that real value takes time to build. Luckily, you don't need to pay too much attention to your about gold investment, whether it's coins, bars, bricks or certificates. You can really just take it, put it somewhere safe, and ignore it til you need it.
Don't Get Too Anxious or Greedy
Some people how to make a lot of money on metals by keeping a constant eye on the market, selling when it's hot and buying when it's cold... Okay, you CAN do this, but you'll honestly be much better off if you're patient. Gold tends to increase in value in much greater amounts over time, not over a few days time, as with stocks and so on. Just be patient and wait for some big boosts to start selling.
Be Very Patient
In the gold game, you absolutely have to be patient. The value of the metal is tied directly to the value of the dollar, and conversely, so as inflation gets worse, the metal gets better. If you want to get rich in a day's time, go ahead, play the lottery, but if you want something to retire on, get some gold and watch it improve in value as time goes by. This is how the real, good, smart investments work: Over time.
The abolishing of the gold standard is, of course, why we have to deal with things like inflation, recession, depression and so on, and that's how gold certificates are inflation-proof.
A gold certificate may not be spendable, as in, you can't go into a gas station and say "Give me a half ounce of gold on pump number three", but the certificate does represent some actual, tangible gold locked away in a safe somewhere. That gold technically belongs to you, but you use the certificate so that you don't have to worry about buying a safe to keep it in.
So how do you invest in these papers? The same way you invest in gold. The exact same way...
Play it Smart
Gold has always been a safe, smart investment. It's not for people who hope to get rich quick, who hope to make a mint overnight. It's for people who know that real value takes time to build. Luckily, you don't need to pay too much attention to your about gold investment, whether it's coins, bars, bricks or certificates. You can really just take it, put it somewhere safe, and ignore it til you need it.
Don't Get Too Anxious or Greedy
Some people how to make a lot of money on metals by keeping a constant eye on the market, selling when it's hot and buying when it's cold... Okay, you CAN do this, but you'll honestly be much better off if you're patient. Gold tends to increase in value in much greater amounts over time, not over a few days time, as with stocks and so on. Just be patient and wait for some big boosts to start selling.
Be Very Patient
In the gold game, you absolutely have to be patient. The value of the metal is tied directly to the value of the dollar, and conversely, so as inflation gets worse, the metal gets better. If you want to get rich in a day's time, go ahead, play the lottery, but if you want something to retire on, get some gold and watch it improve in value as time goes by. This is how the real, good, smart investments work: Over time.
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