Throughout the ages, many things have been used as currency: livestock, grains, spices, shells, beads, and now paper. But only two things have ever been money: gold and silver. When paper money becomes too abundant, and thus loses its value, man always turns back to precious metals and investing money in gold and silver. During these times there is always an enormous wealth transfer, and it is within your power to transfer that wealth away from you or toward you.For thousands of years, gold and other precious metals have served as stores of value. Amazingly, while all other currencies have come and gone over time, the real value of gold over several millenia has endured. You can buy about as much for an ounce of gold today as you could in Roman times. Gold became a favorite investment vehicle back in the mid to late 1970s, when high oil prices and high inflation took a toll on the economy, forcing investors to look elsewhere for good inflation-adjusted returns.Investing in actual gold coins and gold bullion is not easy. First, you face buy and sell spreads whenever you trade, eating into your potential profits. Secondly, and perhaps most seriously, you face the risk of theft or loss if you hold actual coins.One of the leading gold mining company is Monex that provides you US gold coins.
Gold has become an essential part of a sensible investment portfolio, and many investors buy gold for their investment,being seen as a safe haven while stock markets fluctuate. It's also become a hedge against currency uncertainty and a standard recommendation for long-term planning, such as pension plans, because of its perceived secure nature.With predictions that the yellow metal could soar again to as much as $2,500 (£1,650) an ounce (currently $910) it can look attractive. And fans point to the tremendous returns it has offered in recent years. Its price has climbed 140 per cent over the last five years, although it is only up 3.2 per cent over the past 12 months.However, the price of gold can move significantly and therefore short-term investors can still make a profit - or more importantly - a loss from investing in gold and should not treat it as the safe haven it is often described.
Gold has become an essential part of a sensible investment portfolio, and many investors buy gold for their investment,being seen as a safe haven while stock markets fluctuate. It's also become a hedge against currency uncertainty and a standard recommendation for long-term planning, such as pension plans, because of its perceived secure nature.With predictions that the yellow metal could soar again to as much as $2,500 (£1,650) an ounce (currently $910) it can look attractive. And fans point to the tremendous returns it has offered in recent years. Its price has climbed 140 per cent over the last five years, although it is only up 3.2 per cent over the past 12 months.However, the price of gold can move significantly and therefore short-term investors can still make a profit - or more importantly - a loss from investing in gold and should not treat it as the safe haven it is often described.
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