As the price of gold increases and the value of the US Dollar declines, due to excessive money printing (stimulus), more and more people worldwide, are looking to gold as a method of safe investment. Gold is a precious metal that can shield you from rising inflation and is a sure fire way to protect your wealth during tough economic times. There are various ways to buy gold. Aside from jewelry, gold ingots and coins are the most common types of the “yellow metal” purchased by investors.
If you are new to gold investing, it is essential and recommended to do some research prior to buying. There are many options open to you and it is up to you to find one to suit your requirements. Learn about the hallmarks and stamps that certify the gold bullion and have a basic appreciation of their meaning to validate your purchase is reliable. Hallmark stamps are there to certify weight and purity of the gold bar. There is a lot of information on the internet that might be overwhelming and some bullion dealers are not looking after your best interests in terms of their current pricing.
Historically, the trade in gold goes back as far as the Egyptian and Roman times when it was used as an effective way of amassing wealth and showcasing success. Today, gold offers a secure way to protect your wealth and is free of counter party risk. Although it isn’t recommended to have significantly more gold bullion than cash, it’s definitely a good way to hedge against traditional investments like stocks and bonds.
Just remember, unlike paper investments, gold can never go to zero!
The major motive why people decide to buy gold, is that it is a good investment strategy for wealth preservation. Gold bullion is accessible to most people and it isn’t necessary to have a lot of money to get started. Gold bars are available in 1 gram, 1oz or 10kg bars or you may opt for coins. So again, you do not need to spend a fortune to get started. The important thing here is that you DO get started! With today’s troubled economy and record deficit spending, your paper money can easily lose its value in a short time, so buying gold bullion could turn out to be a very smart move in the long term. The current foreign exchange rate doesn’t affect gold unlike paper money, won’t wear out and is guaranteed to be valued and recognized around the world.
If you are currently considering buying gold, there are various ways to get started. Unlike stocks, it is comforting to know that the value of gold will never go to zero. Gold bullion bars are genuine, solid assets, and for centuries have proved the best method of stocking up capital, while hedging against inflation. The physical metal is a “liquid investment” that can be moved around very easily and used in any part of the world. There are experts online who will help you make educated decisions and offer 99.99% pure gold, precious metal accounts, storage and insurance at no cost and current market information.
For those investing in gold on a small or large scale, gold bars or “ingots” can be a lucrative and easy way of investing. The larger the bar you buy, the cheaper you will get it for per ounce. However, when you want to sell the bar, it may be more difficult to do so, because smaller sizes are typically easier to both sell and purchase. This is particularly true if the price explodes during inflation or even a deflation and global currencies continue to lose their purchasing power, due to reckless monetary policies of various governments.
Again, because gold can never go to zero, you will end up being ahead of the game because you took the time to protect your wealth by diversifying and investing in gold
Check out the video below where Mike Maloney explains in great detail.