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Should you Invest in Gold?
By Tony Lee
It's quite clear that our economy has fallen to record lows that haven't existed since the great depression. Many have lost hundreds of thousands, if not millions of dollars in the stock market. Although the stock market has left many of us in financial distress, there still remains a light at the end of the tunnel when it comes to investing for the future. It is the precious metal called Gold that has been used for thousands of years as currency, that women adorn and many have died for. It is one of the most recognized of all the precious metals and has even had movies named after it in the name of sheer greed. Some experts predict that gold will rise to over $2,000 dollars an ounce in the next two years. And even though gold has sunk during this current economic crisis, its long-term expectation remains attractive. Once institutional investors stop ditching gold holdings and the US dollar rally stalls, some claim it will zoom back up to $1,000 an ounce and beyond. You might have heard that many Americans needing quick cash, have searched high and low in their jewelry stashes to sell scrap gold for cold hard cash. Well I say, "Not so fast"! Like all investments and trade goods, the price of gold is in the end driven by supply and need. Different than most other commodities, the collecting and disposal plays a much greater role in moving the price, since most of the gold ever mined still exists and is possibly able to come on to the market for the right price. Given the immense amount of stored gold, equated to the yearly yield, the price of gold is primarily affected by modifications in sentiment, instead of changes in annual yield. I believe that the future of investment lies in Gold. Many recommend making 10-20% of your financial portfolio Gold Bullion or certified gold coins. Another option is to purchase gold certificates that insure your "chunk of gold" is stored away in a safe place and ready to sell or retrieve when the need arises. Whatever your financial situation might be, Gold should be a serious consideration when planning your investments for the future! |
Susan B Anthony Dollars 1979-1999
| Silver Eagle Proof Dollars 1986-now
| U.S. Gold Coins
| $5 Half Eagle Gold Coins
| $10 Eagle Gold Coins
| $20 Double Eagle Gold Coins
| Fractional, Pioneer Gold Coins
| $1 U.S. Gold Coins
| $2.50 Quarter Eagle Gold Coins
| $3 Gold Indian Princess Head Gold Coins
PLEASE VISIT THE CONTRIBUTOR'S WEBSITE
 |  | Aupoet liked this intel. Jul 14, 2011 |  | | R Foreman liked this intel. Jul 15, 2011 |
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This intel was contributed by Tony Lee
Tony Lee
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May, 2012
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