Should Gold Be Part of Your Investment Stratey?
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.
The one thing to note about the gold price over time is that it has never gone to zero. Gold has been considered valuable for many thousands of years going back to the ancient Egyptians and further. At no time in history was gold not valuable and for this reason many people buy gold as a safe investment. With the economy being what it is and the stock market in free fall for so long, gold seems to be one of the places one might put some of their money for safety. If the economy does not recover soon, gold will become one of the most popular places for people to have their investment cash.
It could be asked why the cost of gold has not gone even higher than it has during this period of economic uncertainty. If you have had some gold, it will have most likely done better than your other investments but not as well as you might have though it would. This could be because other investors have had to cash in gold to pay off their other debts. When people sell gold that will help to lower the price.
During normal economic times most people invest in gold by buying gold stocks or ETFs which are much easier than actually collecting the physical gold. However, due to all the scandals and uncertainty in the financial markets, more people have been choosing to buy real gold coins and gold bars. This presents a storage problem but some people are gearing up for really rough times ahead and feel safer with real gold in their hands. - 23222
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.
The one thing to note about the gold price over time is that it has never gone to zero. Gold has been considered valuable for many thousands of years going back to the ancient Egyptians and further. At no time in history was gold not valuable and for this reason many people buy gold as a safe investment. With the economy being what it is and the stock market in free fall for so long, gold seems to be one of the places one might put some of their money for safety. If the economy does not recover soon, gold will become one of the most popular places for people to have their investment cash.
It could be asked why the cost of gold has not gone even higher than it has during this period of economic uncertainty. If you have had some gold, it will have most likely done better than your other investments but not as well as you might have though it would. This could be because other investors have had to cash in gold to pay off their other debts. When people sell gold that will help to lower the price.
During normal economic times most people invest in gold by buying gold stocks or ETFs which are much easier than actually collecting the physical gold. However, due to all the scandals and uncertainty in the financial markets, more people have been choosing to buy real gold coins and gold bars. This presents a storage problem but some people are gearing up for really rough times ahead and feel safer with real gold in their hands. - 23222
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posted by X - Men @ 5:21 AM
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