Buy Gold For Safety In These Incertain Times
The stock market has been responsible for so many people losing so much money in the last several years that one wonders how gold has performed. The current gold price indicates that anyone who has had money in gold has done much better than those that have had their money in stocks. Gold is seen by many as a hedge against uncertainty and these have been uncertain times for sure.
If you haven't had any of your money in gold now might be the time to give it a look. The stock market might have a ways yet to go on the downside and having some of your money in gold might be smart. The key word is some of your money as it is never a good idea to have too much in one thing. If you put all or most of your money in one stock or in gold, that is akin to gambling.
Gold is desirable in hard times because it has never gone to zero. For thousands of years and countless civilizations, gold has always been sought after and considered valuable. Most famous of those civilizations were the ancient Egyptians who buried themselves with their gold. Nothing is guaranteed of course, but there have been many times when gold has not only been a safety play but it has outperformed other investments outright.
It could be asked why the cost of gold has not gone even higher than it has during this period of economic uncertainty. If you have had some gold, it will have most likely done better than your other investments but not as well as you might have though it would. This could be because other investors have had to cash in gold to pay off their other debts. When people sell gold that will help to lower the price.
During normal economic times most people invest in gold by buying gold stocks or ETFs which are much easier than actually collecting the physical gold. However, due to all the scandals and uncertainty in the financial markets, more people have been choosing to buy real gold coins and gold bars. This presents a storage problem but some people are gearing up for really rough times ahead and feel safer with real gold in their hands. - 23199
If you haven't had any of your money in gold now might be the time to give it a look. The stock market might have a ways yet to go on the downside and having some of your money in gold might be smart. The key word is some of your money as it is never a good idea to have too much in one thing. If you put all or most of your money in one stock or in gold, that is akin to gambling.
Gold is desirable in hard times because it has never gone to zero. For thousands of years and countless civilizations, gold has always been sought after and considered valuable. Most famous of those civilizations were the ancient Egyptians who buried themselves with their gold. Nothing is guaranteed of course, but there have been many times when gold has not only been a safety play but it has outperformed other investments outright.
It could be asked why the cost of gold has not gone even higher than it has during this period of economic uncertainty. If you have had some gold, it will have most likely done better than your other investments but not as well as you might have though it would. This could be because other investors have had to cash in gold to pay off their other debts. When people sell gold that will help to lower the price.
During normal economic times most people invest in gold by buying gold stocks or ETFs which are much easier than actually collecting the physical gold. However, due to all the scandals and uncertainty in the financial markets, more people have been choosing to buy real gold coins and gold bars. This presents a storage problem but some people are gearing up for really rough times ahead and feel safer with real gold in their hands. - 23199
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posted by X - Men @ 7:15 AM
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