Friday, December 27, 2013

Should I Invest In Gold

Should I invest in gold

The question of whether or not you should invest in gold is probably one that you have already answered for yourself. If you are thinking that you should probably invest in gold then there is probably a reason for this.

 Chances are you're not feeling great about the stock market these days. You're worried about the economy. You're unsure about the world economic climate. You don't want to be an alarmist. You don't want people to think that you're crazy or your family to start fashioning tin foil hats for you but times are a little uncertain these days.  

The federal government keeps on printing money (which isn't backed by gold) to try to boost the economy. Large numbers of people are out of work. Big business is getting bailouts while working people foot the bill. The country is in debt to China. China is buying up gold like it's going out of business... and there are many people that suspect that China and India are securing their money with gold because they are either predicting the collapse of the world economy, the US economy or they are attempting to cripple the US economy.

How to invest in gold  
Many people are too afraid to actually talk about this giant white elephant in the room and we are encouraged to continue working and spending money in an attempt to stimulate the economy. "Everything is going to be fine... the economy is on the mend... everything is getting better every month" but the numbers simply don't reflect this sentiment.  

Anyhow, gold, silver, platinum and palladium are the only things that are likely to be worth anything if there is a collapse. While you don't want to appear like an alarmist but, like the old saying goes, it's better to be safe than sorry.  

You have nothing to lose from investing in gold and other precious metals. The only way that the gold market is going to tumble would be if the US economy and the world economy suddenly started booming. Then investors and countries like China and India would liquidate their gold and begin investing in stocks again, then the price might tumble. Of course, it would stabilize again.  

The value of gold has steadily gone up over time. In my own lifetime, the value of gold has gone up so much that if I had invested the money spent on my college education, I'd be a rich man today. What would I do with that gold? I would hold onto it either until it was time to retire or until the economy collapsed.  

Either way, I would take my gold, move to either a small South American country or Eastern Europe and life life to the fullest. But that's just me. You see, gold can be transferred into local currency very easily. It is a very liquid investment that you can carry with you anywhere in the world without worrying about gaining access to bank accounts or a bank charging you fees for the transfer.

Gold is good for three things...


1) Gold is a great long term investment vehicle. The price of gold has historically gone up over the centuries and although there are times when the price has dipped, it has always recovered and gone back up.  
2) Gold offers you the security that no stock, bond, CD or any other investment vehicle might provide to you. You can't say that about money in the bank, real estate or stocks. All of these investments can lose money or be literally worthless tomorrow in the event of a severe economic crisis. If the US economy collapses, your money in the bank that you think is secured will still be worthless.  

3) Gold secures your savings in a physical form that nobody can ever take away unless they have a gun and you decide to hand over your gold. Keeping your gold secure is always a good idea, by the way... either keeping your gold in a safe deposit box, in a safe in your home or having a custodian (usually the company you buy your gold from) hold onto your gold can prevent having your gold stolen.

 So, once again, if you are still asking "should I invest in gold" then the answer is "yes". You will be securing your money with a physical asset that has been proven over time to increase in value. It is the choice investment vehicle of the wealthy during uncertain economic times and even if they make you wear a tin foil hat, you will sleep well at night knowing that your retirement funds will be safe no matter what happens in this world.

http://ira-gold-rollover.com/

 

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