Why Gold Is The Best Investment
December 11th, 2009
Gold is real money, real wealth. It has endured the test of time, like no other currency. For thousands of years it has been relied upon as a measure of wealth, and for good reason too.
Currencies worldwide consistently go down in value. Some may become stronger against other currencies, but the overall trend is that they decrease in value. Your money, whether it be in your pocket or in a bank, buys you less and less each year. Gold, on the other hand, has been following an opposite trend – an amount of gold bought years ago will now buy you a whole lot more than it would have done back then.
Gold only cost $34 per ounce back in 1970 and now, in 2009, it has hit a record price of $1150 per ounce. Gold investors have made huge profits over these past few years – just last year gold could be purchased at $800. That’s a huge 30% increase in just 1 year alone. As for the future, Citigroup, USB and other big investment firms have predicted gold prices to hit over $2000 an ounce in the very near future.
You have two main investment opportunities as far as gold is concerned – bars or coins. Gold bars are what most people think of when they think of gold and whilst they are a great investment, the upfront cost for them puts them beyond the reach of most investors. Gold coins on the other hand are valued in the same way, are an equally good investment opportunity, yet are much more accessible and affordable.
You can purchase gold coins through either a specialist local coin store, or an online gold coin specialist. There are plenty of both around, and you can find them through a few simple Google searches. Always seek reviews and testimonials before making any purchases though, and ask for certification that proves that what you are buying is real gold. Don’t be afraid about asking a lot of questions; it is only natural and reputable sellers should always be more than willing to answer them for you.
One final point, just in case you’re not yet convinced about the prospect of investing in gold – recent reports have shown that a $1000 investment, made in 1970, in rare gold coins, would now be valued at nearly $60,000.
For more information on the best places to buy gold coins visit http://www.gold-coins.com.au, where you can also see the latest gold price.