Everyone has got some intentions or reason for investing in Gold. My one good reason is. Choose any one reason from the 10 good reason mentioned over here. :http://www.buygoldordie.com/2011/09/10-good-reasons-to-buy-gold/ So let us know your reason to buy gold.
Buying Gold is the best investment in today's economy because it will always have increasing value. Gold is a natural resource that currencies are based on. Although silver may be a more realistic for the mass public to invest in because it can more readily double in value.
The reason I buy gold is to invest. I enjoy collecting gold and putting them away in my safe until a later date. There have been times where I have sold my gold and doubled my money. However, most of my coins are being tucked away until my kids are old enough to enjoy them. I hope by the time I pass my precious metals down to them, that the value increases 5x the amount that it is now. I also enjoy collecting gold because it interests me. I enjoy inspecting each coin to see the amazing detail and uniqueness each gold coin holds.
The current run-up in gold prices means a lot of coins are worth more for their metal content than for their value to collectors. You have to do a lot of homework and never overextend yourself. Numismatic coins offer the potential of a higher return than bullion gold, but the risks that the coins will give you that higher return are very high. Only in 1986 did the coins offer a good return and that was short lived. Those who got stuck holding the coins never recovered their investment. Bullion coins, like the American Eagle, are good investments as an investment in them have provided a positive return each year since 2000
I dont have much gold, but I keep mine as a safety precaution. All fiat currencies have found a way to collapse.
I tracked Gold, Oil, Us Dollar for about 6 months. When oil went up gold went and dollar went down. Had all these cities that are over budget on fuel cost his year would have put the money in gold they never would have been over budget. They more than likely now would have a surplus.
I buy gold because it's something that I feel is actually worth soemthing. Sure, we can argue all day whether prices are too high, too low, just right, etc, but at the end of the day, gold is a tangible object. It isn't a piece of paper with a number on it "backed by the government". It's a precious metal that has held tremendous value for hundreds upon thousands of years. Oh, and it looks nice
Yes, it does look nice, doesn't it? Plus you put gold through a fire and it comes out even better. Don't even think of trying that with paper money.
I'm a firm believer of Aristotle, so I think he is really right when he says that "Gold is the best standard of sound money". That is simply my explanation.
I buy gold because Gold is the first and foremost a form of financial insurance – protection against the periodic setbacks suffered by traditional paper assets, including stocks, bonds and paper currencies, particularly the us dollar.
