Gold Seller

How much is gold worth in America?  That’s the beauty of gold—it’s an international commodity.  It retains value all over the world.  In fact, the conversion of gold to the American dollar is not decided upon by the American government.  (America actually stopped the official gold conversion in the 1970s.)  What should you know about the price of gold?

Currently the price of gold is about $1,200 per troy ounce.  This is 75 times greater than the value of silver and most other precious metals.  The only exception to this rule is platinum.  However, gold is unique among the other metals in a financial sense; it actually increases in value during a recession while other metals (which are largely used for industrial use) decrease.

When it comes to you finances, how much of your wealth can you reach out and touch?  You might be able to touch your home or your car, but what else can you lay hands on readily?  Your stocks are just bits of paper, and the money in your wallet is hardly any better.  They don’t have inherent value, and they are backed by little more than corporate promises.

Gold, on the other hand, is a form of financial stability you can touch.  Gold is an asset you can hold in your hand, put in your pocket, and carry with you wherever you go.  While you can keep stock certificates printed out at home, it’s not the same as a solid gold coin or bar.

Are you looking for a solid way to invest a bunch of money? Do you have money sunk into an avenue that you no longer have faith in, such as real estate or IRAs? Maybe you just need a way to diversify your portfolio and give it some solid strength. If you said yes to any of the above, then gold is a probably an area you should look in to.

Why do people invest in gold? For one, gold is a steady market, unlike stocks. Stocks fluctuate on a minute to minute basis and can be up one minute and drastically fall the next. Gold does not do that. Gold may go down slightly on one day, but probably only a single digit or less. Stocks have had bad days where they lose 30 – 40 % of their value!