Gold is one of the few materials on earth that is universally known and readily exchanged for money. Gold has adorned pharaohs, kings and queens. It has been used at legal tender in many societies and it has often been used to back paper currencies all over the world. Wealthy people throughout history have held gold as a way of preserving their wealth and to show the world that they are rich including some who flaunt their wealth by adoring their automobiles with the shiny yellow substance. Humans know what gold is, they are attracted to it and there simply isn't another substance that stirs the heart as gold.
When times get tough economically, banks, countries and wealthy individuals often turn to gold to preserve their riches. Gold gives people and societies the security of knowing that no matter what happens in the world, they will still be wealthy. While money in the bank can suddenly become worthless in times of trouble, gold in the hand will always be able to buy you the things you need to survive and live the life you have grown accustomed to. People might think that we're crazy to think this way or prepare for something that might never happen but it's often better to be safe than sorry. There are many countries where after a war their currency becomes as worthy as the paper its printed on. It is the wise investor who is prepared and the savvy person who is realistic about the future possibilities and invests at least a portion of his savings in a material that will hold its value as well as be liquid enough to turn into money no matter where he is in the world.
Many average people shy away from investing in gold and they fell more secure in saving their money in stocks, bonds, mutual funds or in savings accounts in banks. The worry often is that it would be difficult to transition their gold into spendable money. They worry that they will have some gold but no way to liquidate it in the event that they need that money. How is this done and is it possible to quickly turn your gold into spendable cash? In many countries, it is absolutely possible to exchange gold for currency over the counter at a bank. In other countries, you can sell your gold back to the company that you bought it from or any other company that buys and sells gold. Gold is very liquid and it is probably the only material that is known worldwide as the equivalent of money in physical form. How many other investments can you think of that are liquid as well as universally known?
There are many other physical goods that you can invest your money in but their liquidity is often limited. Homes, raw land and material goods such as cars or collectibles might be great ways to invest your money but their liquidity is often limited. Selling a home or car quickly often requires you to sell at a bargain price if you need money for an emergency. Also, it is often difficult to unload a house that you invested in quickly if prices begin to plummet as they often do during an economic crisis. Gold, on the other hand, often increases in value and goes up in price during tough economic times. As stock prices plummet, the price of gold often goes up since wise investors scramble to move their money into something that is safe and secure.
Gold is a very stable investment and this is often why people look to buy this precious metal. It has stood the test of time and provides the security that other sources lack during inflationary period. During times when the stock market is declining or confidence in the market is uncertain, gold does very well as investors move their money into precious metals. It often moves directly opposite of the stock market and these trends can be seen historically. While gold makes sense as an investment, there is also often a hidden reason why many people put some if not all of their savings in gold or an account backed by precious metals. Deep down inside each and every one of us is a desire to own it and hold it in our hands.
How many of us dreamed when we were children of being rich? We dreamed of having gold bars or ingots. We daydreamed of the perfect life where we were happy and secure. We had the ability to buy what we wanted and do what we wanted because we were rich. In our secret safe we stores our gold bullion and we took it out from time to time to hold it in our hands. We could almost feel the heft of the heavy metal.
It very well might be your secret desire to have at least a little gold of your own to give you that feeling of security. You will probably show it to your friends or when you're feeling uncertain about the future you can feel it in your hands. No other substance on earth can give you that feeling and no other metal is so widely recognized as being valuable. While you might logically desire the stability and security that gold affords you, nourish that kid inside, smile and remember these words the first time you hold your own gold in your hands.
When times get tough economically, banks, countries and wealthy individuals often turn to gold to preserve their riches. Gold gives people and societies the security of knowing that no matter what happens in the world, they will still be wealthy. While money in the bank can suddenly become worthless in times of trouble, gold in the hand will always be able to buy you the things you need to survive and live the life you have grown accustomed to. People might think that we're crazy to think this way or prepare for something that might never happen but it's often better to be safe than sorry. There are many countries where after a war their currency becomes as worthy as the paper its printed on. It is the wise investor who is prepared and the savvy person who is realistic about the future possibilities and invests at least a portion of his savings in a material that will hold its value as well as be liquid enough to turn into money no matter where he is in the world.
Many average people shy away from investing in gold and they fell more secure in saving their money in stocks, bonds, mutual funds or in savings accounts in banks. The worry often is that it would be difficult to transition their gold into spendable money. They worry that they will have some gold but no way to liquidate it in the event that they need that money. How is this done and is it possible to quickly turn your gold into spendable cash? In many countries, it is absolutely possible to exchange gold for currency over the counter at a bank. In other countries, you can sell your gold back to the company that you bought it from or any other company that buys and sells gold. Gold is very liquid and it is probably the only material that is known worldwide as the equivalent of money in physical form. How many other investments can you think of that are liquid as well as universally known?
There are many other physical goods that you can invest your money in but their liquidity is often limited. Homes, raw land and material goods such as cars or collectibles might be great ways to invest your money but their liquidity is often limited. Selling a home or car quickly often requires you to sell at a bargain price if you need money for an emergency. Also, it is often difficult to unload a house that you invested in quickly if prices begin to plummet as they often do during an economic crisis. Gold, on the other hand, often increases in value and goes up in price during tough economic times. As stock prices plummet, the price of gold often goes up since wise investors scramble to move their money into something that is safe and secure.
Gold is a very stable investment and this is often why people look to buy this precious metal. It has stood the test of time and provides the security that other sources lack during inflationary period. During times when the stock market is declining or confidence in the market is uncertain, gold does very well as investors move their money into precious metals. It often moves directly opposite of the stock market and these trends can be seen historically. While gold makes sense as an investment, there is also often a hidden reason why many people put some if not all of their savings in gold or an account backed by precious metals. Deep down inside each and every one of us is a desire to own it and hold it in our hands.
How many of us dreamed when we were children of being rich? We dreamed of having gold bars or ingots. We daydreamed of the perfect life where we were happy and secure. We had the ability to buy what we wanted and do what we wanted because we were rich. In our secret safe we stores our gold bullion and we took it out from time to time to hold it in our hands. We could almost feel the heft of the heavy metal.
It very well might be your secret desire to have at least a little gold of your own to give you that feeling of security. You will probably show it to your friends or when you're feeling uncertain about the future you can feel it in your hands. No other substance on earth can give you that feeling and no other metal is so widely recognized as being valuable. While you might logically desire the stability and security that gold affords you, nourish that kid inside, smile and remember these words the first time you hold your own gold in your hands.
About the Author:
Uncover the truth about investing in gold. Satisfy that childhood fantasy of playing with gold just a little bit.
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