Friday, October 23, 2009

Buying Gold to Preserve Wealth and Purchasing Power

In an earlier post, we talked about the Dow Jones and the local share market. We even talked about investing in gold to preserve one's savings. In fact, buying gold has been recognized for centuries as one of the best ways to preserve one's wealth and purchasing power.

You can buy gold , silver or other precious metals and coins for immediate personal delivery or arrange for convenient and safe storage at an independent bank or depository through Monex Deposit Company (MDC). For over 30 years, the Monex companies have been America’s investment leader for gold, silver and precious metals.

Gold is available in coin or ingot form as an investment product. Ingots are generally gold ingots of pure bullion cast in a convenient size and shape. Coins have a currency value or they are actually defined as ingots.

If it is silver you are interested in, silver is also available in coin or ingot form. Ingots are generally silver ingots of pure bullion cast in a convenient size and shape. Like gold coins, silver coins have a currency value or they are actually defined as ingots.

There may never be a better time for buying silver bullion than right now as world demand for silver now exceeds annual production, and has been every year since 1990.

5 comments:

  1. Do you know that you can buy precious metal just in "number" not in tangible assets. In my opinion, it is very illiquid having it in the safe. Getting rid of it in an instant will be cumbersome. Where as if you are buying future contracts, they can be liquidated quicker like in seconds.

    It is better these days you have CFD (contract for differences). The world is so wonderful with all these exotic derivatives. My cup of tea :o)

    ReplyDelete
  2. Oh! This is dangerous, I forgot to mention. If buying future contracts, should it expire, and contracts not being rolled over. You will see tonnes of gold being delivered to your front door! Haha!

    ReplyDelete
  3. Buying gold? I think it could be a great idea. Because well....gold is depleting right? :p

    ReplyDelete
  4. Ai Shiang, great info. Thanks. Tons of gold at my front-door? Oh dear! LOL!

    Tekkaus, it's great for preserving your savings in the years to come.

    ReplyDelete
  5. Every one want to save there wealth physically gold bullion is good choice.Thanks for the great reading, we buy gold coins in a recession. I will pass this on to our Ira clients to read.

    Gold Coins

    ReplyDelete