Gold has been around for centuries and it is often considered as a symbol of wealth and power from then till now.
Precious metals, in particular gold, has always been a popular investment choice for investors.
Why would you want to invest in gold?
Generally, people invest in or purchase gold for 3 reasons:
- They are looking for an alternative investment to the share market.
- They want to hedge (protect) themselves against economic crisis or currency crisis.
- They want to make money from the increase in gold prices
For no 1, this is normally done for diversification purposes. You’ve already invested in the stock market, properties and now you want to invest in other assets.
For no 2, this is due to the fact that gold prices normally acts in reverse (or negatively correlated) to the economy and the currency. Meaning, if the currency weakens (value of the currency goes down), the price of gold will increase, and vice versa.
For no 3, well, that’s why people invest isn’t it? They ride on the increase in price. For this case, they invest when the gold price increases.
Currently, the US Dollars is weakening and the gold price is increasing – which begs to the question –
Is this the time to invest in gold?
My opinion, yes, this is the time. I personally have begun to invest in gold for these two reasons – the weakening of the US currency and the uncertainty of the recovery of the economy.
Well, look at the gold charts and it will tell you. Or go to the jewelery store and have your gold valued – you’ll be pleasantly surprised that the current value of your gold is greater than the time when you purchased it.
For me, investment in gold is always for the long-run. Well, you can speculate and watch the gold price movement like a hawk, but it will be easier if you do that in the stock market.
Ways you can invest in gold
There are a few ways you can invest in gold.
The usual way is to buy gold ornaments (your wife would love that idea) or to purchase gold coins or purchase gold bullion.
You can also invest in gold through exchange traded funds (or ETFs) or invest shares of companies which operates gold mine or companies which sells gold.
A more sophiscated or savvy investor can also look at commodities, derivatives or spread betting.
Whichever way you like, you should follow what you are comfortable with.
In summary, investment in gold is always a good alternative to invest in shares. While you’re expanding your investment, you may wanna put gold as one of your investment preference.
Photo courtesy of motoyen
Please read the disclaimer
Other posts that you may be interested in:
- Credit card debt – why you shouldn’t pay the minimum amount
- Powerful methods to get you out of your credit card debt
- The secret to having money
Don’t worry, we don’t like spam too. So we won’t send those to you and we won’t share your email with others too.
Learn The Incredible Art Of Taking Ordinary Silverware And Molding It Into Beautiful Bracelets And Necklaces. Get The Dvd From Professional Jewelry Maker Maryann Cherubino.
Top Converting Website With Upsells, Downsells And Backend Products To Offer Your Clients. Gold Is Popular, This Guide Shows How To Buy Without Getting Ripped Off. Email Gold@ultimateresultsnow.com For Affiliate Support.
How To Start A Scrap Gold Business. Cash In On The Hottest Trend In The Country, Scrap Gold & Gold Parties. How-to Manual Discloses Tactics & Strategies For A Scrap Gold Buying Business, Gold Parties And How To Build An Internet Scrap Gold Business.
Female Golf Pro Show How She Can Outdrive 95% Of Men!! She Is A Former Div. I College Standout & Hall-of-famer. She Also Reveals How Her Secrets To Help Lower Golfers Score By 7-10 Strokes.
Neues Trading-ebook Zeigt: Wie Sie Mit Dem Traden (handeln) Von Aktien, Forex Oder Gold An Der Börse Geld Verdienen. Extrem Hohe Verkaufsrate, Umfassendes Werbematerial (banner Usw.), Super Support Und Niedrige Rückgabequote (unter 5%). Jetzt Dabei Sein!
Thousands Of Top-quality Trivia Quiz Questions & Answers. Great For Pub Quizzes & Charity Events And Ready To Use. Many Formats Available, Great Bonuses, Free Download, 10000 Free Bonus Questions. 50% Commisson For Affiliates, Several Products To Promote