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Reasons To Buy Gold Now

Friday, February 23rd

Reasons to Buy Gold Now

The price trend for gold in recent years has produced quite a roller-coaster of a ride, with values as high as $1,800 per ounce and more. Even at its lowest values in 2012, gold was still above $1,500 per ounce. Gold has been on a 12-year high which doesn't seem to be ending anytime soon.

Although the price of gold can fluctuate wildly from year to year, the recent trend has been a steady increase in value and record-breaking prices.

One of the biggest reasons to invest in gold right now is that, unlike other forms of currency or investment options, gold holds its value. It is not subject to inflation or uncertainty about the global economy. The only threat to the value of gold is a strong paper currency. While the U.S. Dollar has gained back some of its lost value over the last year, it still is too low to be a real threat to gold at this time.

In a recent report, the World Gold Council said it predicts the gold market will continue on its "bullish" trend. The report indicates that the annual total of 534.6t "represented the greatest level of demand (for gold) since 1964 as the net of central banks adding to their gold reserves was cast wider, reaching Brazil, Iraq and Venezuela". In a financial environment where countries are engaged in a staunch competition to devalue their respective currencies, central banks will continue to seek financial refuse in gold.

Investment firms also are driving the trend toward more gold investment, with bold predictions that the price of gold per ounce will only continue to climb. Big-name players such as Merrill Lynch and money manager Peter Schiff have called for prices to rise anywhere between $2,300 and $5,000 and more over the coming months and years.

Aside from the bold predictions about the future value of gold, there are other reasons why investors should consider placing their money in this precious metal.

One of the biggest reasons to invest now is because of the rules of supply and demand. Goldman Sachs estimated that the production cost for gold is around $750 per ounce. That is far less than its current worth, making it a prime investment at this time. However, as demand for a product grows, so does production of that product, creating a supply glut that eventually will bottom out the price of gold. It is best to buy gold and cash in now before this happens.

Another reason to invest now is the stock market. From 1999 to 2006, the price of gold soared. The time period when gold realized its biggest increase in value was from 2000 to 2003 when, coincidentally, the stock market was crashing. When the market crashes, and the value of traditional stocks and bonds bottoms out, investors look for a stable place to put their money.

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Sites to Buy Gold FAQ

There are many reasons you should consider buying gold. As a precious metal, it maintains value in a way not seen with paper currency or other assets. Buying gold increases in popularity when the US dollar weakens, too. Some people simply enjoy buying gold as a fun and beautiful way to expand their investments and pass their wealth down to their children and grandchildren.
Gold can be a way to diversify your investment portfolio. There are pros and cons to buying gold specifically as an investment; the value can rise and fall, and it may not be easy to liquidate. On the other hand, gold's value is recognized worldwide (unlike currency) and some investors feel that buying gold is a solid inflation hedge.
Most people buy gold in coins or bars. Popular coins include Canadian Gold Maple Leafs, American Gold Eagles, and South African Gold Krugerrands. Gold bars come in a wide range of styles and weights, from as small as 1 gram all the way up to 1 kilogram or 100 ounces (or larger).
Some people enjoy having a mix of metals. You could expand your collection into silver, platinum, palladium, rhodium or copper, depending on the seller you choose and what they have on offer.
A fireproof home safe is a good idea if you plan on storing your gold at home. You can also keep it in a safe deposit box at your local bank. However, many retailers where you buy gold have secure on-site storage facilities of their own, if you prefer not to have the gold in your possession.
Simply put, there's no better selection anywhere you could shop locally. When you buy gold online, you get the world's best inventory and can compare one seller against another to get the best price and customer service. Especially if you're looking for a unique coin or a hard-to-find bar weight, you'll want to take advantage of the shopping experience only available online.
When you buy gold, your package will be insured for its full value. For extremely high-value order (over $2,000) the company will probably use Registered Mail for delivery and require a signature to confirm that you received it.
Yes, most of them are well-established businesses that have been serving customers for many years. But, it's a good idea to verify the reputation of any gold store you're considering: start by checking out the company's listing with the Better Business Bureau, and then see what clients have said about their experience with the retailer when buying gold or other precious metals.

Compare Sites to Buy Gold

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best-gold-buying-sites
  • Silver Gold Bull
  • Bullion Vault
  • Golden Eagle Coins
  • BGASC
  • Money Metals Exchange
  • JM Bullion
  • GoldClub Direct
  • Universal Coin
  • Golden State Mint
  • GMR Gold
Silver Gold Bull vs Bullion Vault Silver Gold Bull vs Golden Eagle Coins Silver Gold Bull vs BGASC Silver Gold Bull vs Money Metals Exchange Silver Gold Bull vs JM Bullion Silver Gold Bull vs GoldClub Direct Silver Gold Bull vs Universal Coin Silver Gold Bull vs Golden State Mint Silver Gold Bull vs GMR Gold Bullion Vault vs Golden Eagle Coins Bullion Vault vs BGASC Bullion Vault vs Money Metals Exchange Bullion Vault vs JM Bullion Bullion Vault vs GoldClub Direct Bullion Vault vs Universal Coin Bullion Vault vs Golden State Mint Bullion Vault vs GMR Gold Golden Eagle Coins vs BGASC Golden Eagle Coins vs Money Metals Exchange Golden Eagle Coins vs JM Bullion Golden Eagle Coins vs GoldClub Direct Golden Eagle Coins vs Universal Coin Golden Eagle Coins vs Golden State Mint Golden Eagle Coins vs GMR Gold BGASC vs Money Metals Exchange BGASC vs JM Bullion BGASC vs GoldClub Direct BGASC vs Universal Coin BGASC vs Golden State Mint BGASC vs GMR Gold Money Metals Exchange vs JM Bullion Money Metals Exchange vs GoldClub Direct Money Metals Exchange vs Universal Coin Money Metals Exchange vs Golden State Mint Money Metals Exchange vs GMR Gold JM Bullion vs GoldClub Direct JM Bullion vs Universal Coin JM Bullion vs Golden State Mint JM Bullion vs GMR Gold GoldClub Direct vs Universal Coin GoldClub Direct vs Golden State Mint GoldClub Direct vs GMR Gold Universal Coin vs Golden State Mint Universal Coin vs GMR Gold Golden State Mint vs GMR Gold
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