Monday 20 May 2013

Buying Gold For a Better Future

By Lonnie Wernis


Over the last few years the value of even the most stable blue-chip shares and many currencies have been decimated by the global financial crisis. For investors that held gold during that time, it has proven to be a safe haven and their investment has doubled. For most small investors, gold is not generally part of their investment portfolio. It can be difficult to trade in gold directly. With new purchasing programs, it is now very easy to buy gold online in the form of coins and even bullion. This increased transactional ease gives every investor access to gold to increase the diversity of their portfolio. You are responsible for your long term financial success and with the debt levels being created in countries around the world, you will almost certainly have to fund your own retirement because the money simply won't be there for the government to help.

Our ancestors used gold to fashion amazing pieces of jewellery, and today we do the same thing. Sometimes even gold found in archeological sites, when cleaned up, looks like it could have been made yesterday. Gold in the form of money or coins was really created during the medieval period, and used ever since.. Presently we use gold for a variety of purposes, and particularly as jewellery like gold chains, earrings, rings and even watches.

Go back 20 years ago and the number of people buying and selling gold was tiny. Thanks to systems and the ease of transactions these days, now everyone can participate in the gold market. If the current bull market for gold continues then we'll see a huge increase in the number of brokers and websites who will offer a convenient gold trading system. One good idea before you get started is to make sure you take advantage of all of the free information available to you by subscribing to an industry newsletter or reading one of the numerous blogs on the topic so that you can keep up with current events.

Most people have very little understanding of how the money in their pocket attains or maintains the value that is attached to it. It may be difficult to understand but that paper money is underwritten by nothing but the assurance of the issuing government. Foreign exchange markets trade currencies against each other in real-time which sets the true value of all floated currencies around the world. When confidence in a government's ability to live up to its promises falls, there have been times where foreign countries will in place of money ask that country to settle its debts in gold.

Like all investments, gold undergoes a range of price differences, depending on financial circumstances such as interest rates and supply and demand. From the end of 2000 the price of gold has increased on a steady par against the rest of the commodities market. When you consider the plethora of investment opportunities out there, but then you look at the results, it is almost a no brainer for anyone who wants financial freedom to investigate how they can start to buy gold online.




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