Thinking about Buying Gold?
This article might contain the most important information. Unless you live under a rock, chances are you don't know the dramatic rise in silver and gold prices. Daily financial news headlines focus on the gold price. You should read this article if you're considering buying gold or silver to add to your investment portfolio. See the current gold price per gram.
Why Should You Buy Gold?
You may have many questions if you are new to the gold or silver market. You might be wondering, "Why would I want to buy gold?" It is a good question. There will be a different answer depending upon who you ask. Here's why I think you should invest in gold: Because GOLD IS MONEY!
Notice that I did not say "if" our currency falls apart (and it must! Our paper money is worthless so physical gold and silver will become the currency of choice. Gold will be required to buy the necessities of daily life.
Another reason to invest in gold is... Gold Is A Storage Of Value! Gold is never worth less. A home can be bought with the same amount today of gold as it was in the 1920s. The dollar's price has an inverted relationship with gold's.
The dollar goes up, and gold's price drops. If the dollar drops, gold's price rises!
A Quick Historical Fact: In history, every fiat currency of great civilizations has failed! While the U.S. dollar enjoyed a great run, it is now coming to an abrupt end. If you don't learn from the past, you are doomed for repeating it!
We are on the edge of a TRAUMATIC financial disaster. The perfect economic storm is on the horizon and it's only a matter of days before it strikes. The dollar will plummet and hyperinflation will ensue.
The wealthy will be those who own gold. As of this writing, gold's price is around $1,500 per troy ounce. In less than two years, the gold price will reach $5,000 an ounce.
You should also remember that gold is not an investment vehicle. If you have bought silver or gold over the past few decades and held onto it, you can make quite a profit. But, it is foolish to try and play roulette with the silver and gold prices.
Because... It is a hedge against inflation Your money is losing value as the price of goods rises and the purchasing power drops. It doesn't matter if I am wrong, and we don't have hyperinflation. What if you bought a boatload worth of gold or silver?
What's the worst that could happen? You would still be able to buy a boatload gold and silver. You'd still have a boatload of gold and silver, guess what? The value of silver and gold is never zero!
The Problem of Gold as A Currency
People will stop using gold bars and gold coins for business transactions when the dollar collapses. They are too expensive and too large. A $5,000 one-ounce gold coin is not enough to buy groceries.
Answer: You can buy small quantities of gold, such as.5 grams, 1 grams or 2 grams ingots. You'll find out more about that later.
Where You Will Find Gold
It seems like gold is everywhere. It's everywhere you turn these days, doesn't it? These "Cash For Gold" shops are located in all major cities in the country. You can send your gold to these gold buying companies and get your money back. Every television commercial that promotes gold commemorative coins is another!
Avoid these places like the plague. They are a total rip off. They are gold specialists. You're not. They sell and buy gold every single day. You do not. They do this to make a living. You do not. They will beat and outlast you every minute of the day.
It is hard times and people have to pay their bills. I am aware of this. People resort to selling their keepsake jewelry to make quick cash. Keep your gold and silver jewelry! In just a few years it will be worth 100x as much!