Should Gold Be Part of Your Investment Stratey?
The stock market has been responsible for so many people losing so much money in the last several years that one wonders how gold has performed. The current gold price indicates that anyone who has had money in gold has done much better than those that have had their money in stocks. Gold is seen by many as a hedge against uncertainty and these have been uncertain times for sure.
If you haven't had any of your money in gold now might be the time to give it a look. The stock market might have a ways yet to go on the downside and having some of your money in gold might be smart. The key word is some of your money as it is never a good idea to have too much in one thing. If you put all or most of your money in one stock or in gold, that is akin to gambling.
Gold is desirable in hard times because it has never gone to zero. For thousands of years and countless civilizations, gold has always been sought after and considered valuable. Most famous of those civilizations were the ancient Egyptians who buried themselves with their gold. Nothing is guaranteed of course, but there have been many times when gold has not only been a safety play but it has outperformed other investments outright.
It might be asked why the price of gold has not gone up more than it has in this time of extreme economic uncertainty. Those who have held gold for the last several years have been able to avoid the perils of the stock market but one would have though gold might have actually gone up significantly rather than pretty much treading water at the same price. It might be due to many investors having to cash in their gold positions in order to pay off other debts.
Usually it is fine to invest in gold stocks or ETFs that are easier than actually collecting the physical gold. However, there has recently been a rise in interest in the real thing such as gold coins and gold bars because many people no longer trust any financial institutions. People have become wary of big business and all the shenanigans that seem to go on which leaves us normal investors out in the cold. Gold might be the answer for a little much needed security. - 23212
If you haven't had any of your money in gold now might be the time to give it a look. The stock market might have a ways yet to go on the downside and having some of your money in gold might be smart. The key word is some of your money as it is never a good idea to have too much in one thing. If you put all or most of your money in one stock or in gold, that is akin to gambling.
Gold is desirable in hard times because it has never gone to zero. For thousands of years and countless civilizations, gold has always been sought after and considered valuable. Most famous of those civilizations were the ancient Egyptians who buried themselves with their gold. Nothing is guaranteed of course, but there have been many times when gold has not only been a safety play but it has outperformed other investments outright.
It might be asked why the price of gold has not gone up more than it has in this time of extreme economic uncertainty. Those who have held gold for the last several years have been able to avoid the perils of the stock market but one would have though gold might have actually gone up significantly rather than pretty much treading water at the same price. It might be due to many investors having to cash in their gold positions in order to pay off other debts.
Usually it is fine to invest in gold stocks or ETFs that are easier than actually collecting the physical gold. However, there has recently been a rise in interest in the real thing such as gold coins and gold bars because many people no longer trust any financial institutions. People have become wary of big business and all the shenanigans that seem to go on which leaves us normal investors out in the cold. Gold might be the answer for a little much needed security. - 23212
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posted by X - Men @ 7:15 AM
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