Buy Gold For Safety In These Incertain Times
Gold investing has always been popular among those that want to protect themselves from really hard times in the economy. Gold has indeed done better than stocks or bonds in the last couple of years and it has been a good choice to have at least part of your portfolio in it. However, with stocks doing so poorly, one might have thought gold would do even better than it has.
If you haven't had any of your money in gold now might be the time to give it a look. The stock market might have a ways yet to go on the downside and having some of your money in gold might be smart. The key word is some of your money as it is never a good idea to have too much in one thing. If you put all or most of your money in one stock or in gold, that is akin to gambling.
Gold is desirable in hard times because it has never gone to zero. For thousands of years and countless civilizations, gold has always been sought after and considered valuable. Most famous of those civilizations were the ancient Egyptians who buried themselves with their gold. Nothing is guaranteed of course, but there have been many times when gold has not only been a safety play but it has outperformed other investments outright.
People might wonder why the current cost of gold hasn't gone up much in these troubled economic times. Most folks buy gold for safety because it is the one thing you can count on to hold its value in bad times. These are most certainly the worst of times economically and those who have gold have done reasonably will with it. But it still hasn't gone up like you might have thought it would with stocks performing so poorly.
Usually it is fine to invest in gold stocks or ETFs that are easier than actually collecting the physical gold. However, there has recently been a rise in interest in the real thing such as gold coins and gold bars because many people no longer trust any financial institutions. People have become wary of big business and all the shenanigans that seem to go on which leaves us normal investors out in the cold. Gold might be the answer for a little much needed security. - 23204
If you haven't had any of your money in gold now might be the time to give it a look. The stock market might have a ways yet to go on the downside and having some of your money in gold might be smart. The key word is some of your money as it is never a good idea to have too much in one thing. If you put all or most of your money in one stock or in gold, that is akin to gambling.
Gold is desirable in hard times because it has never gone to zero. For thousands of years and countless civilizations, gold has always been sought after and considered valuable. Most famous of those civilizations were the ancient Egyptians who buried themselves with their gold. Nothing is guaranteed of course, but there have been many times when gold has not only been a safety play but it has outperformed other investments outright.
People might wonder why the current cost of gold hasn't gone up much in these troubled economic times. Most folks buy gold for safety because it is the one thing you can count on to hold its value in bad times. These are most certainly the worst of times economically and those who have gold have done reasonably will with it. But it still hasn't gone up like you might have thought it would with stocks performing so poorly.
Usually it is fine to invest in gold stocks or ETFs that are easier than actually collecting the physical gold. However, there has recently been a rise in interest in the real thing such as gold coins and gold bars because many people no longer trust any financial institutions. People have become wary of big business and all the shenanigans that seem to go on which leaves us normal investors out in the cold. Gold might be the answer for a little much needed security. - 23204
About the Author:
Are you interested in finding out about buying gold for dummies? If so, please visit my website Current Price Of Gold.
posted by X - Men @ 6:01 AM
0 Comments
0 Comments:
Post a Comment
Subscribe to Post Comments [Atom]
<< Home