I'm often asked if Gold is a good investment and I invariably answer that gold may well be a good long term investment for an investor
The average investor keeps piling into stocks, real estate & bonds - completely unaware that certain types of gold have been outperforming their risky holdings every year since 2000 (and
It’s interesting to note that the earliest record of gold being used as a form of
Turn Your Garmin Nuvi
Into a Powerful Red Light Camera & Speed Trap Detector For Only $9.99 !
Add Red Light Camera &
Speed Trap Detection to Your Garmin GPS! It's Easy And affordable only $9.99
As Seen On T.V!
GPS Software Tracks
& Warns You Of Red Light Cameras! The
Hottest GPS Software On the Market! 20,000 Red Light Camera & Speed Trap Locations
for $9.99 Simple Install. Free Updates!
 |
Turn Your Garmin Nuvi
Into a Powerful Red Light Camera & Speed Trap Detector For Only $9.99 !
Add Red Light Camera &
Speed Trap Detection to Your Garmin GPS! It's Easy And affordable only $9.99
As Seen On T.V!
GPS Software Tracks
& Warns You Of Red Light Cameras! The
Hottest GPS Software On the Market! 20,000 Red Light Camera & Speed Trap Locations
for $9.99 Simple Install. Free Updates!
In the present time, gold is an attractive commodity to hold because it’s price is seeing a
general upward trend (and many experts agree that this is set to continue for many years to come). It’s possible to own gold for a relatively modest outlay and so most people have the means to invest in it. Gold also brings with it a certain beauty and status symbol that most other investments simply cannot compare to.
When Gold Became A Dirty Word…When Gold Became “Illegal”!
1933. The year that would change the way gold was seen and how it was traded. Prior to 1933 paper money was backed by physical gold - the gold standard. The gold standard was the norm – world governments would give you physical gold in exchange for cash if you demanded it.
But it all changed in 1933. The U.S. government had got itself into a sticky mess – debt and deflation were widespread in the economy. The government took a drastic step – ordering all citizens to trade all their gold coins in exchange for paper cash, while increasing the value of gold immediately thereafter.
Owning gold coins became ILLEGAL. Many gold coins (even those that were nothing short of a work of art) were melted down. No individual was allowed to own gold coins and this carried on for
decades. Then, in the mid 1970’s gold coin ownership was legalized again…with some startling effects.
This “false inflation” strategy certainly worked in the mid-30’s for the U.S. government –
shortly after the long standing gold standard was destroyed, the value of the US dollar
nose-dived while the price of gold soared. Even so, the American economy made a staggering recovery – and there are those who believe that the current U.S. government are emulating the
very same strategy that Franklin Delano Roosevelt employed in the mid 30’s.
You should be very excited, because the conditions are startlingly similar now as they were when the gold standard was executed. The U.S. economy (as then) is struggling with deflation, debt and a faltering economy. The amount of paper money being produced today is increasing. The value of the dollar is decreasing.
Why Investing In Gold Now Could Make For Spectacular Returns – The Facts Don’t Lie And This Is Why The Resurgence In Gold Prices Could Mean Big Things For Those Who Invest Early Right now the U.S. government is desperately trying to fight deflation (lower prices) and it has categorically stated that it will look to prevent this at any cost. The long and short of this is that more “paper money” becomes available while the amount of gold stays constant. Can you think what this means?
The same amount of gold costs more paper dollars (or “money”) to buy.
So as the amount of money being printed goes up – so gold prices strengthen. It’s expected that a significant amount of money will be printed over the next years, and you don’t need me to tell
you what that means for where gold prices are heading.
Sadly, there are even more reasons why the current gold run could well be the start of a huge bull run. Traditionally, gold has always performed strongly during times of uncertainty. I say “sadly” because as the long running war on terrorism sees no end in sight the amount of paper money needed to pay for conflicts etc rises. This huge increase in paper money will only continue to peg up the gold prices.