Investing In Gold

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Author:
Wanda Cortez

Humans have been fascinated by gold for thousands of years, by the way it never tarnishes and by its unique color.

Sadly, gold is useless in engineering terms, except for plating electrical contacts, to ensure they never tarnish and lose their conductivity. The metal is too soft, with too low a tensile strength to be used for much besides necklaces and rings.

As an investment though, gold is a different story altogether. Why do people buy gold? It has zero intrinsic value.

Gold prices fall and rise, according largely to the degree of fear that people have about the future. When war is imminent gold prices soar.

When economic conditions are good, inflation low and employment rate high, gold prices fall. Under these conditions there are investments that are probably going to produce a better return than holding gold bars.

People buy gold because they fear the inflation and catastrophic share price collapse that normally accompanies war and political uncertainty. They buy gold because they think gold will hold its value.

Historically gold holds some value, whereas shares can lose all of their value overnight. However, anyone who buys gold at the high price associated with war will almost certainly lose money, when they sell at a lower price.

Conclusion - buy gold when everyone is saying to invest in the stock market. Sell gold when things are looking grim and there are lots of buyers out there.

If you do buy gold you need to appreciate that this investment has risk. The price of gold may fall. It may be years before you can sell your gold at a profit.

Until recently many countries made it illegal for individuals to hold gold bars or bullion. Individuals could buy gold coins and other items however. The South African Krugerrand was minted to exploit this opportunity and to earn much needed foreign exchange for that country during the years of economic sanctions.

Nowadays you can buy gold, silver and platinum coins in many denominations, including Canadian and US dollars, sterling crowns and sovereigns.

About the Author :

Wanda Cortez is a prolific writer, who has a background in the financial and investment industry. Find more information on investment at Buying Gold or Buying Silver


This article is distributed by: www.iSnare.com

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A Quick Note From The Publisher... If you like the article above, you may be interested in the following article which is also related to Gold/Silver... Investing In Gold It may seem old fashioned, but it is still possible to place some of your wealth and prospects into the ancient practice of hoarding gold. Gold has been the standard of wealth for centuries, in almost every culture that requires some system of barter, from Europe to Asia to South America. The metal has been known to launch expeditions for new lands, start wars, and to be the cause of the annihilation of entire cultures. The reasons for the world’s fascination with gold have been the same from the first item that a person exchanged one good for another until the present day. Gold is rare, easy to move, does not go bad or decay in any way, and it can be broken down into smaller parts. All cultures have recognized the value of gold, and as a result it is still a hot commodity on the markets in countries throughout the world today. Many people who chose to invest in gold are somewhat skeptical about the state of the world. Gold, they figure, has always been and will always be in demand, so if the worst happens and an economy goes into the toilet, investments in gold will remain safe and secure (provided, of course, that it is not stolen, another common historical occurrence with the precious metal). Whenever a large scale war breaks out, gold prices always go up, as it is proof against an inflated and devalued dollar and other economic downturns. Gold allows the investor a number of opportunities in their options. Many of us would not think of it in this way, but gold is easily stored in our houses and even in our persons in the form of decorations or jewelry, which means that gold is a kind of portable wealth. Someone who buys a lot of jewelry can therefore be thought of as a kind of investor in gold. More serious investors might consider buying gold in the form of...