“Why should I buy Gold?”
Gold has been used throughout history as money and has been a relative standard for currency equivalents specific to economic regions or countries. There a lot of question that I’ve been seeing over and over for the last several years as the price of gold has taken out its all-time highs and continued a nearly uninterrupted ascent: Should I buy gold now? Gold’s price is influenced by numerous factors, including supply and demand, stock market performance, interest rates and geopolitics. The financial crisis that began two years ago was the result of decades of economic mismanagement and binge behavior. The very simple reason why people should buy gold is to make money. First off, gold is undoubtedly. The medium of exchange and in times of crisis, such as what we are facing up ahead, people are going to flock to gold. Gold is just cooler and it is rarer and its status as the ultimate money is not going to go away soon. The reason why you should buy gold also its because the price retains its purchasing power by comparing the price of others. Only gold has maintained its purchasing power with massive losses for the currencies. The significant drop in the country’s distribution to globe mine supply has become increasingly constrained. The price of gold has shown an almost one to one correlation with the increasing disposable incomes in countries that produce. If you expect an asset to go up over an extended period 5 years or 10 years then the odds of its going up or down at any particular given time, today or tomorrow would favor it going up. To go up over the next years then it has to have more ups than downs over the next years. You better off taking the whole plunge into the assets now rather than dollar cost averaging. Because since the coming days will see more ups than down for your future purchases will be at the higher prices. It is the currency that is changing not gold. Changing your thought patterns on how you measure value is the key. Think of things in real terms. The dollars is bad measures of value ever since it wasn’t pegged to gold. Buy now before it’s too late.
Posted on Tuesday, 25 October