With the economy a little shaky all over the world, there’s one investment that won’t leave you holding worthless paper that could quickly and disastrously lose its value from inflation. Buying precious metals is one of the smartest long term investments you can make. While having a well rounded financial portfolio is important, gold is a rock solid investment that you can rely on no matter what happens to other forms of currency.
Throughout time, gold has been the standard of wealth around the world because of its scarcity. While paper money in the United States hasn’t been backed by the gold standard since 1971, the value of gold has continued to increase. The downward spiral of the value of the dollar contributes a lot to the perceived value of the gold, but the scarcity of gold still plays a big role in it’s pricing. There’s only a very little gold on the planet, which makes it extremely valuable. Although metals such as platinum are worth more technically, gold is still perceived as a symbol of wealth. It is a tradition that dates back to antiquity, when precious metals and jewels were used as money because of their high value and ease of trade.
There are different ways to invest in bullion, but buying coins is both wise and a little fun. Having the gold coins in your possession, something you can hold onto, gives you a little more confidence in your finances. If something drastic ever happened to the paper currency, gold would most likely be the ‘coin’ of the realm. People with a lot of precious metal stashed away would be in a good position. Are you beginning to see the picture?
If you’re concerned about your financial future, investing in gold is usually a good decision. In fact, there aren’t many reasons as to why you shouldn’t have a store of gold assets in your home at all times in the case of emergencies. If nothing else, you have an easily concealable form of wealth. Buying at a gold auction can let you get bullion at a great price, securing your future one coin at a time. Online auction sites such as World Gold Coin Auctions and eBay continue to increase in popularity since gold dealers aren’t nearly as convenient to buy from and make consumer that aren’t interesting in larger quantities uncomfortable.
Looking at the trends over the years, you can see the value of gold has been on the increase for many years. An investment even five or ten years ago would be worth a lot more now. Of course, there are no guarantees that the price of gold will go up (or the value of the dollar go down), but if you turn on the news and really listen, you can take an educated guess as to what will happen. (Hint: the trends will most likely continue.)
