Sunday, October 24, 2010

Owning Gold


The 'what, when, why and how' can be used when talking about gold ownership.

Firstly, what kind of gold should I buy? There will most likely be many answers to that question depending on the individual and their situation, and also the timing. The choices include to a small extent, gold jewellery which always has a lesser amount of actual gold content, gold bullion or gold coins. To buy gold bullion you would generally have to invest a higher minimum amount and this puts it out of reach of many people. Then there is the question of finding a company you can trust also with the ability to store it, and the means of being able to sell it should the need arise. Gold coins, on the other hand, can be bought from your local gold dealer or purchased online through the many companies that are out there. There are many varieties of gold coins, but if you choose one with a religious inscription, you will have the assurance that the government won't be able to confiscate it.

Secondly, when is a good time to buy? The easy answer is now. Gold is currently in a bull market and many analysts believe that the big rises are yet to come. A lot of people are starting to talk about gold but it is still very much an unknown investment strategy for the average person, with most believing that it is just for the very wealthy. That may be true, but why not you BEING the very wealthy.

Thirdly, why should I own gold. Everyone who is interested in long-term asset preservation and have additional concerns about capital and/or monetary controls -- a more complicated scenario -- then you will want to own gold. In times of past economic turmoil, gold has proved to be the only thing that people are interested in trading their goods or services for. It is the ultimate store of wealth. Whereas the paper dollars we now use are buying less and less through inflation, 1 oz of gold today will outfit a guy with a good suit, shirt, tie and shoes, just as it did many years ago when Jesus walked the earth. It's value remains constant.

Lastly, how do I buy gold? If you were to Google 'gold dealers' you would come up with quite a list. However, there may be only one place where you can have your own gold business and get an income while putting savings into buying physical gold or silver coins or silver bars. This MLM company is endorsed by Bob Proctor, who you will know through 'The Secret'. See 'investinsilverbars' for more information. Make sure that the person you deal with has a solid reputation and that you can take physical delivery of your gold coins. Also look for certified purity content of your coin.








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