Gold, who can resist owning it. It is a precious metal loved from over the centuries and is getting more popular today as the man on the street sees real value in this precious metal.
Gold in the form of gold coins or gold bullion can be purchased and are much sought after as one of the ways to preserve savings and the purchasing power in the face of inflation.
Over the years, the value of gold and other precious metal bullion has increased hundreds of times thus making them, gold, especially, an asset to have in one's retirement account. Ever thought about buying a gold coin a month? In a year, you would be having twelve gold coins.
The Gold Coin Gain site says it all:
Gold is the ultimate asset. It is the purest form of money, and the oldest, most durable wealth-preserving asset on the planet. Governments can’t devalue it. It has no debts, no board of directors, no politicians or central bankers that can mess with its value. That’s why gold has survived every economy history has ever witnessed, and preserved investors’ purchasing power over a span of some 5000 years.
Got a friend who attended a hedge fund talk from Singapore says gold is gonna go up to US1500 by next year or so. How true?
ReplyDeleteThere's always that possibility. Start buying gold now..
ReplyDeleteI read the opposite, that gold is probably hitting its upper point.
ReplyDeleteI'm personally more vested into oil and gas. Sooner or later, they will run out.
I think I prefer gold too. :D Because they will be very, very darn precious one day.
ReplyDeleteShingo, scary thought there - about the oil and gas running out. So you're not into gold?
ReplyDeleteTekkaus, and you are. Psst... start accumulating..