Throughout history, gold has always been a magical metal. Many different societies have used this rare substance as money and a sign of wealth. Wealthy members of society and rulers always cherished gold and adorned themselves with the yellow metal. Kings, queens and pharaohs decked themselves and their surroundings with gold throughout history as in this modern era, the very wealthy members of society have even used this precious metal to plate their cars. Gold has always been a sign of wealth and chances are that it will always be a sign of wealth and opulence.
In present days, investing and buying gold continues to be a big business as well as a way for individuals to secure their wealth in a tangible form. While most money is no longer backed by the equivalent amount of gold, there are many people who feel that there is a possibility of an economic collapse who buy gold as a way to inflation-proof their funds as well as secure their money in a physical form if there were to be a complete collapse of the world economy. While this might sound like the talk of survivalists or doomsday-Sayers, history has shown that this is a possibility.
There are some that feel that gold simply lacks the liquidity that other investments have. Stocks can be sold quickly and money in a savings account can be withdrawn easily. Owning gold is probably difficult to turn into spendable cash, right? Actually, precious metals are very liquid and it is possible to exchange gold for currency in many countries. You would simply walk into a bank with your gold and ask for it to be exchanged for money. Selling your gold back to the source of your investment or another investor is also an option and this is often the route that most owners go when they decided to liquidate their portfolio or a portion of their investment. Gold is actually more liquid that many other investment vehicles.
Many other traditional investment vehicles such as antiques, art or real estate are actually less liquid than gold. Even though real estate has been historically a very solid investment that rarely loses value, your ability to liquidate this asset quickly while preserving any gain is very difficult to do in any situation other than a booming market. Real estate might be a great way to invest but in the event of a market collapse it lacks the liquidity and security that you might be looking for. Gold doesn't have this problem and it is as liquid as stocks, when you delve into this investment.
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.
In present days, investing and buying gold continues to be a big business as well as a way for individuals to secure their wealth in a tangible form. While most money is no longer backed by the equivalent amount of gold, there are many people who feel that there is a possibility of an economic collapse who buy gold as a way to inflation-proof their funds as well as secure their money in a physical form if there were to be a complete collapse of the world economy. While this might sound like the talk of survivalists or doomsday-Sayers, history has shown that this is a possibility.
There are some that feel that gold simply lacks the liquidity that other investments have. Stocks can be sold quickly and money in a savings account can be withdrawn easily. Owning gold is probably difficult to turn into spendable cash, right? Actually, precious metals are very liquid and it is possible to exchange gold for currency in many countries. You would simply walk into a bank with your gold and ask for it to be exchanged for money. Selling your gold back to the source of your investment or another investor is also an option and this is often the route that most owners go when they decided to liquidate their portfolio or a portion of their investment. Gold is actually more liquid that many other investment vehicles.
Many other traditional investment vehicles such as antiques, art or real estate are actually less liquid than gold. Even though real estate has been historically a very solid investment that rarely loses value, your ability to liquidate this asset quickly while preserving any gain is very difficult to do in any situation other than a booming market. Real estate might be a great way to invest but in the event of a market collapse it lacks the liquidity and security that you might be looking for. Gold doesn't have this problem and it is as liquid as stocks, when you delve into this investment.
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.