Not like I haven't heard alot of that stuff before... Lol. The reasons you should invest in precious metals are pretty self explanatory, don't you think?
As said precious metal investment is self explanatory. I personally do it for future peace of mind, I buy when I can afford to for when funds are low.
I invest because the value of it are sure to rise high and high in near future and that is much higher than inflation rate. Suppose the inflation rate is 8-10% annually and the precious metals price rise is about 25% annually, so I gain a 15% profit in just one year or even less than that time.
If you have knowledge on precious metal markets, you are surely can earn from precious metal investment. To a clever trader, I think that it's not really hard for him to earn since there are plenty of sources and tools supporting the investment. Once we can earn, we have reason to invest.
As simple as that video is (to us) lots of people still won't understand it... at least in America. Not too long ago, I asked a 51 year old what the dollar was backed by and he said gold. Yes... that's right. He still thought that the dollar was backed by gold. The sad part is that he is a very influential person in our town. Information like this is readily available for anyone who wants to see it. Americans have all of the latest gadgets... phones, tablets, computers, etc.... but refuse to stumble across videos like this. It seems like these kinds of videos only get viewed by the people who are already aware. What a shame.
No. I don't think so. In 2008, the price of 1 Oz of gold was $916. Right now, after 3 years, it is $1,730. That is a change of +89%. Do you really think the prices of commodities have increased by that much?
Gold is outperforming inflation just because of the fact that it's historically where people go to when there's uncertainty in the market. Plus, if you overlay the money supply with Gold, you'll find Gold needs to break way past $2000 just to keep pace.
I think that investing in precious metals is not only for monitary gain, but for access to funds that everyone will accept in cases of a collapsing dollar, for example.
I know all that this video as talked about. I remember a few years back when the Zimbawa currency collapsing and the exchange rate for currency was 1USD = 100 trillion Zimbawa dollars. Now whether it gets that bad for the United States is unknown however The Federal Reserve Bank needs to learn a lesson that you CANNOT print wealth! (Without collapse in the future) No fiat (printed) currencies have survived an economic failure.
Why not? Precious metals are more reasonable to invest than having new gadgets. My old folks long ago used to buy gold and precious stones not only for personal happiness but also a heirloom that can be passed on to future generation and the market value of it today is really high.
Keep in mind that there is much fear mongering going on by people who would profit by others buying gold. Not saying buying gold is a bad idea or a Zimbabwe scenario is impossible, just keep your head on straight and don't get caught up in all the hype. Do your research and decide whether or not buying gold is good for YOU.
Precious metals are a good long term investment because even if national currencies change, metal exchange rates would be higher than the former currency rate right now.
Same here. Good video, but I do it to know that what I am holding is actually worth more than the paper it's printed on (IE, $1 bills. What makes a $100 bill worth more than a $1 bill? The two extra 0's printed on it?)
I like gold for a few simple reasons. One, it's compact. I can fit one kilogram of gold into a money pouch with no problem. Two, it's acceptable just about anywhere. Three, it does have a nice luster, doesn't it?
Just because a portfolio did fine without gold during the 1990′s does not mean that the protection it provides is not needed. A weakening dollar, market crashes, investment bank collapses, and international turmoil are all events we have witnessed in the first decade of the 21st century. Those that held gold through these times have not only protected their wealth, but have seen the price of gold rise substantially!
The value of gold is determined by the market 24 hours a day, nearly seven days a week. Gold trades predominantly as a function of sentiment; its price is less affected by the laws of supply and demand.
