Youngsters, what do you make of the Bailout? What can be said about the financial problems of America? What can be said about the mortgage crisis? What do you know about subprime lending?
I'll tell you what I know if you tell me what you know. And what I know is at the Bottom of my Gold mine!
Banks! Foreclosure! Depression! Hoo Bah! Phooey!
Buy Gold!!!
The desire to buy gold is not hard to understand; compared to other valuable substances, there is precious little gold in the world. And with its undeniably brilliant sheen and deep, rich tones, it's also easy to understand the appeal of owning gold as a tangible, physical investment. At its best as an investment, gold is both physical and very liquid (it can be bought and sold fluidly). But you can buy gold in different forms, and these forms tend to differ in their liquidity.
Gold is a hot item for several reasons right now. First of all, inflation - not just here in the U.S., but around the globe - has led to a greater demand for gold. Secondly, gold production is either flat or falling around the world. Inflation, flat supply and prevailing uncertainty in other investments is driving the price of gold ever higher. That's not to say there are no other smart investments out there. There are always opportunities if you know where to look and have the best and most up-to-date advice possible. One of my personal favorites is Forex Brotherhood - you pay a fee but you get a wealth of support and guidance, updating twice a day.
Alright, on with the show! Here are some considerations to make when you decide to buy gold. 1. Do you ever envision wanting to sell the gold, or do you buy gold strictly for personal enjoyment? If your aim is to buy gold strictly for personal enjoyment, then likely you're looking at jewelry or collectible gold coins (unless, like me, you enjoy swimming in heaps of gold bullion... if this is the case, I recommend the pure gold American Buffalo coinage - I wouldn't want to come in close contact with any alloys). Jewelry is the most readily available form of buyable gold, but also the one with the least liquidity; resell value will hardly ever be as high as the original price you paid to buy the gold, and there's no guarantee that anyone will like the style of the jewelry as much as you did. Collectible gold coins, however, are uniform and their gold quality and content guaranteed. Selling gold as a collectible coin will be easier. For some, that will influence their decision as they figure out how to buy gold. But let's face it, gold jewelry will carry a sentimental value that could never be calculated anyway. When you buy gold jewelry, just bear in mind that you probably won't make money if you sell it later.
2. If you buy gold as an investment that should be liquid, how easily will you be able to guarantee the content and quality of the gold? We've already explored jewelry. Now let's look at what to expect when you buy gold bullion, buy gold bars or buy gold stock.
Som' Bitch Grampaw!
And I always thought you was on the Up n' Up..
'Paid for by the Bilderbergers'
The Birch Society's gonna hear 'bout this!
Maybe sombody should shove a firecracker up your ass next July the 4th, see if that fixes yer prostate..
ISleepNow 2 years ago
ho ho ho, young man they're just using me!
GrampawUniverse 2 years ago