Let’s face it, the economy stinks and there isn’t an end in sight. So what should we do about this situation when it comes to investing our hard earned money? Well, some investors have turned to gold.
The Benefits of Gold Investment
You’ll be surprised to learn about all of the benefits of gold. I didn’t believe it myself until I started to research it and then discovered how lucrative it can really be compared to investing in paper. Check out these benefits:
Stable and Steady Increase History
If you look at the chart below, you’ll see how gold prices have remained either steady or increased over the last 10 years. Even when the economy was doing better than it is now, gold remained at a stable price. That means, the people who invested in gold, still didn’t lose much money when the economy was doing well.
Why is the economy such a huge factor in gold? Well, when the economy drops, gold prices soar. Investors have found comfort in gold when paper lost its value and this has been the case throughout the last decade.
Experts Report Increase Well Into 2014
While there has been a slight decrease in gold prices in the start of 2012, experts report that gold will bounce back and will continue to increase all the way up to 2014 and possibly beyond.
More Options to Invest In
If you want to invest in gold, you have many more options than with paper. You can invest in gold coins, gold bullion or gold stocks. Deciding which type of gold investment to pursue will take some research on your part. There are benefits and disadvantages to each of them and it really depends on what type of investor you when you make the choice.
Add Gold to Your IRA
Have you looked at your 401K and almost choked because of its decline? You could always invest in a gold backed IRA. People with gold backed IRAs have seen either steady worth or increases in the past few years. That sounds much better than what you’ve been seeing with your IRA investment, right?
Gold is accepted all over the world. You can take your gold and sell it to just about anyone 24 hours a day. You can also buy gold whenever you’d like. With the ability to purchase gold online, you can simply jump on the Internet, choose the amount of the investment you want to make and then purchase it.
Just know, that if you do intend to purchase gold online, always research the institution you are buying it from. The Internet is filled with scammers and with this type of investment you want to choose a company that you can trust.
Making the Decision to Invest In Gold
If you’re new to the gold investment world, it’s common to feel apprehensive about it. It’s not something everyone does, but it is something that many wise investors do.
If you aren’t sure about it and just want to dip your toes in the gold waters, you can always purchase gold coins. These gold coins are normally worth less than investing in other forms and you can then see how your investment does because you decide to invest further.
The other benefit to gold coins is that they are very easy to pass down to other generations. So, if you decide to, you can hand them over to your grandchildren so they can learn the amazing benefits of gold investment for themselves.
So, do you invest in gold? If so, how? Please share.
Guest Post Author Bio: This guest blog was written by Marcelina Hardy, a personal finance blogger spreading the knowledge of gold investing.