"Money, Gold and the Gold Standard"," Introduction
Croesus, King of Lydians (Asia Minor), has been the symbol of wealth and power since ancient times.
"Thinking About Investing in Gold?"," You may be asking yourself, ""Why buy gold?"".
Depending on whom you ask you will probably get a different answer.
Because GOLD IS MONEY!
When (notice I did not say "if") our currency fails (and it has to!) and our paper money is worthless, owning physical gold (and silver) will become the globally accepted currency.
Because Gold Is A Store Of Value! Gold never loses its value.
When the dollar is up the price of gold goes down.
When that happens, hyperinflation will occur and the dollar will collapse.
Because Gold Is Not An Investing Vehicle! Yes if you bought gold and especially silver in the past few years, and held on to it, you have made quite a nice profit! However, trying to play roulette with the price of gold and silver is a fool's game.
It Is A Hedge Against Inflation! As prices go up and the purchasing power of the dollar drops, your money is becoming worthless.
Guess what? The value of gold and silver NEVER GOES TO ZERO!
The Problem With Gold As A Currency
When the dollar crashes and people start using gold for business transactions using gold bars, gold coins, and gold jewelry will not necessarily be practical.
You will not be able to buy groceries with a one-ounce gold coin worth $5,000!
The Answer: buy gold in small denominations of.
Where You Can Find Gold
It seems that gold is ubiquitous.
Every other television commercial is promoting gold commemorative coins!
IMPORTANT TIP: Avoid these places like the plague! They are a supreme rip off.
You do not.
You do not.
I know times are tough and people need to pay bills so they resort to trading in their keepsake jewelry for easy cash.
When you buy an ETF, you are buying shares in a trust that is owned and run by a bank, which might be holding gold or silver.
They are considered ""collectables"" and as such are subject to being valued in terms of rarity and sentimentality.
Do your homework and check with consumer watch dog agencies to confirm the online seller you buy from is trustworthy.
How To Buy Gold
Find a company that sells gold in small ingots or bullion.
Make sure the gold in 99.
Be sure to shop around for the lowest storage fees.
Storing Your Gold vs Possessing Your Gold
I recommend that you store most of your gold in a Swiss Bank or a Hong Kong bank.
It is not as soft as silver and small ingots bring a higher price.
So if you are trading precious metals, silver is a better bet.
TRY THIS WHAT YOU GOT TO LOSE