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!
Gold is also easy. Once you buy it, you can put it in a safe and leave it. It won’t tarnish, it won’t rot, it won’t fade, and it won’t be dependent on what the neighbor sells their house for. Its value will be determined by its weight and the purity that is stamped on the outside. The weight and purity can never change on gold bullion.
Invest in gold if you want to be on the safe side of investing. Gold will still be valuable if there was a catastrophic market crash like the naysayers say there will be one day. Gold will always have value because it is tangible and not written on a piece of paper.
You should invest in gold if you don’t have faith in the value of the US dollar. The US dollar has fallen in value drastically over the last few years, but the gold bullion has risen dramatically. The trend for the US market looks like the dollar will continue to lose footing against the growing countries and currencies of China and Canada.
Banks are increasing their gold bullion holdings, and whatever banks do becomes a trend. The financial markets are looking to gain solid ground with their debts and investments and if they see that gold is the way to go, it probably is.
Gold might not earn an interest rate like a savings account does, but the higher value from year to year on an ounce makes up for it. Banks only give .5 – 3% interest on a savings account, but in good years over the last three decades gold has increased 200%!