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Why Gold Buying Has Become So Popular

Tuesday, March 5th

Why Gold Buying Has Become So Popular

In these uncertain economic times, investors aren't sure where to put their money. The world stock market has been unstable at best for the last couple of years, with investors struggling from one day to the next to determine where to place their assets for the best return.

But there's one investment that seems to be defying the odds: gold.

Just like the Klondike Gold Rush of 1898, it seems like everyone and their brother is trying to cash in on the resurgence in the popularity of gold. And with trend of gold prices rising and setting record highs, it's easy to see what the fuss is all about.

However, it's important to note that gold hasn't just recently gained popularity. It has been a hot commodity for over 5,000 years. In fact, it was the source of quite a bit of controversy in the 1930s, when President Franklin D. Roosevelt signed into law Executive Order 6102, which forbade the "Hoarding of Gold Coin, Gold Bullion, and Gold Certificates with the continental United States". In essence, the executive order made it a criminal act for an individual, partnership, association or corporation to possess monetary gold.

With times being hard, Americans stockpiled gold in all its forms to help provide some financial stability. However, FDR's executive order required all Americans to turn over to the U.S. Federal Reserve all but a small portion of their private gold stores. Failure to follow the order resulted in up to 10 years in prison, or a fine of roughly $10,000.

Americans who did not want to turn over their excessive amounts of gold often chose to instead transfer it to other countries for safe keeping.

However, most Americans fell out of love with gold in the 1960s. It has only been within the last five years that gold has experienced a resurgence in popularity - and in value - thanks to a recession and the slow economic recovery that followed.

Commercials promising the most "bang for your buck" with the purchase of or investment in gold flooded television and radio stations. With a growing recession and the U.S. Dollar continuing to decline in value, Americans wanted something that would be valuable, even as the value of their paper currency continued to nose dive. With interest rates bottoming out and the federal government losing faith in the value of its own currency, the gold rush of the new millennium raced ahead full steam.

Just as people are investing in gold, a number of businesses designed specifically for buying gold also have gained popularity in the last couple of years. With promises of providing cash on the spot for unwanted gold, many people have been tempted to sell off their unwanted gold jewelry to earn some greenbacks. So the "gold buying frenzy" has gone both ways.

The Best Sites to Buy Gold Compare Sites to Buy Gold Compare Sites to Buy Gold Reviews What are the best Sites to Buy Gold Best Sites to Buy Gold Reviews

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

Select any 2 Sites to Buy Gold to compare them head to head

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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