Thinking of Buying Gold Gold?
This article could be the most important you will ever read. You probably know by now that silver and gold have seen a dramatic increase in price. The financial segments are dominated by the news on gold prices! What I’m going to tell you about buying silver and gold for your investment portfolio is important if you are thinking of making that purchase. If you choose to invest in a gold IRA, you can purchase a range of gold IRA-approved coins to fund your account.
Why Purchase Gold?
There are many questions for those of you who are not familiar with the gold and silver markets. You might be wondering “Why buy gold?” That’s a great question. It is possible to get different answers depending on who you ask. You should consider buying gold because GOLD IS MONEY!
Notice that I didn’t say “if”), our currency will fail (and it will). If paper money ceases to be worth anything, physical gold (and silver!) will be accepted as the world’s currency. For everyday living, gold will be needed!
Another reason you should buy gold… Gold is a Store of Value! The value of gold does not decrease. Gold can still buy a house for the average price today, just as it could in 1920. The dollar’s value is in an opposite relationship with the gold price.
The gold price falls when the dollar rises. The dollar drops and gold prices rise!
Quick Historical Factual: Through history, all fiat currencies of great civilisations have failed! The U.S. dollars has enjoyed a long run but is on the fast track to its demise. Do not repeat the mistakes of the past!
Our country is in danger of a TRAUMATIC Financial disaster. The perfect economic storm has begun and it is only a matter if it will hit. Hyperinflation and the collapse of the dollar will follow when this happens.
People who own gold (and I do not mean stock of gold companies) will prosper! As of writing, the gold price is about $1,500/ounce I predict that gold’s price will rise to $5,000 per ounce within two years.
Furthermore, gold is not an investment vehicle. Yes, if your investment in gold, especially silver, has been profitable, it is possible to make a nice profit. Playing roulette with the gold and silver prices is a fool’s errand.
Gold is a hedge against inflation! It acts as a hedge against inflation. Your money is becoming worthless as the prices rise and the buying power of the dollar falls. But what if I’m wrong and there isn’t hyperinflation? What if your money went out to buy gold and silver in a boatload?
What could be worse? You would still have plenty of silver and gold. Guess what? The value and importance of gold and silver will never go to zero.
The Problem With Using Gold As A Currency
It won’t make sense to use gold bars, coins, or gold jewelry for business transactions if the dollar crashes. They are too large and will be expensive. A five-dollar one-ounce coin of gold worth $5,000 will not suffice to purchase groceries.
The Answer is: You can purchase small quantities of gold in denominations of.5g, 1g or 2g ingots. This will be covered in more detail later.
Where to Find Gold
It seems that gold has become omnipresent. It seems that gold is everywhere you go these days. These “Cash For Gold” places appear to be in every city and strip. The gold buying companies will advertise that you can mail your gold in and they will refund you. Every other TV commercial is advertising commemorative gold coins.
Avoid these places! They are a rip-off. They are gold-experts. You’re not. They purchase and sell gold every day. You do not. They do this for a living. You do not. They will beat them all day.
I get it, times are hard and people need to pay the bills. They resort to selling their keepsake jewels for easy cash. MAKE SURE YOU KEEP ALL OF YOUR GOLD AND SILICON JEWELRY. It will be 100 times as valuable in just a few short years.