Monday, 12 August 2013

The Best Investments At The Moment Lies With Gold

By Donald Alanis


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. Gold is sold in ounces, and most websites will sell you either gold bars or coins depending on your choice.

Gold is one of those investments that you wish you'd had a stake in a decade or more ago. It's certainly held its value well, and even doubled its value in the last 4 or 5 years. If you do the research you will find that buying an ounce of gold back a decade ago would have meant that it had gone up in value twice - a handy investment when the rest of the world economies are looking fairly fragile. Before rushing into a new asset or initiating a new stock trade, you need to make sure that you've conducted your research properly and that the deal will help take you to the next level of wealth without adding too much risk.

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! Gold's purity and the fact that you didn't have to do too much to it to make it look incredible meant it became an invaluable part of many early civilizations. This did not diminish over the centuries as gold became 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. We also use gold as part of the manufacturing process for many items, especially for jewellery and electronic parts for computers.

Investing your money, even in boom times, is a complicated and sometimes perilous activity, and you can see why some people prefer bank term deposits or bonds. Know anyone who owns gold? You might even know someone who owns an actual gold ingot. You might be surprised to learn that it's becoming more and more common. 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.

Most modern countries today have fiat currencies that are no longer backed by gold but are simple a promise to pay the agreed value by the issuing government. These types of currencies are susceptible to high levels of inflation and external debt and many have failed just within the last hundred years which then resulted in their citizens bartering or exchanging gold personally to establish real value of assets. The US and Roman Empire have both seen fiat currencies fail. Gold had to be used in each case to clear up the mess left over from the failed fiat currency.




About the Author:



No comments: