What
makes Gold Coins a good investment? April 13, 2009
A
smart investor really should understand the basics of buying
gold bullion as the best option for security. Predictions
are flying left and right about when and how this economy
will right itself and if the bailouts will work. The General
Motors bailout might be a rousing success. The worst case
scenario is that everything fails and countries get pushed
even further into debt. You can read as much as you want,
but the conclusion you will probably come to is that it is
too soon to tell. There is no way an average person could
accurately predict what awaits the global economy. Without
a birds eye view of all the matters concerned, it is not easy
to get an accurate understanding. Only those that plan wisely
will prosper in this recession.
While nobody can see what is coming, we can
all look at the past for lessons. The thing we can rest our
financial hopes on is a commodity, a super commodity called
Gold. No matter what happens in the economy, right now is
the time to start investing in gold.
This is the modern gold rush, only we aren’t
panning for it, we are pining for it. Let us share two reasons
this is the case:
1- It’s hard to rely on paper money when so
often in the past it has lost all of its value, while never
in thousands of years has the gold market crashed.
2- Gold stocks and gold ETFs are manipulated
by the very same people who have driven this market into the
ground, falling prey to these schemes has cost many their
fortunes.
Essentially, when times get tough, the tough
buy gold. It’s plain to see that these billions and trillions
of dollars don’t just print themselves out of nothing. Somebody
will have to deal with the consequences. For those who have
put their assets in secure and safe havens, there is much
less to worry about. A huge hint that gold is secure is the
simple fact that major banks hold their assets in physical
gold.
Now don’t forget the importance of owning
actual glittering gold. Not the paper gold certificates or
stocks. Admittedly these kinds of investments to have their
purpose when thinking in the short term, but they actually
devalue the longer you have them. To begin your investment
you can’t go wrong with krugerrand gold coins as they are
highly prized for collectors. Think long term when making
your gold investment and you will be much safer.