Investing Money in Gold
If you are at the stage in your life where you have surplus funds and you are looking into the best ways to make your money work for you then now is a good time for you to start thinking about investing some of that money in gold.
The trend over the past decade or so has been that gold and some of the other precious metals such as silver, platinum and palladium have offered tremendous investment opportunities that a lot of shrewd investors have taken advantage of and benefited from.
There are a number of reasons for considering gold as an investment option right now, and I’d like to share some of those with you so you can make an informed decision about whether to make it one of your main investment strategies for investing money in gold. So let’s take a further look at this topic point by point.
What Makes Investing Money in Gold Such a Solid Opportunity Right Now?
The main reason why you should start investing money in gold today is because of the current fragile state of the economy on a worldwide scale. The biggest investors in the world, plus some really large countries like China and Russia have all started flocking toward gold and have been buying it up in huge quantities.
Why do these countries and the large investors in the United States want to own so much of this precious metal? Because the value of the American dollar has been rapidly depleting throughout this current economic crisis.
The Federal Reserve keeps printing more and more money in an effort to relieve the country of some of its economic burdens, but the reality is that the more money they print, the less value each dollar has.
Since the US dollar is such a large part of the world economy, it is inevitable that any serious investor or large holder of wealth is going to want to protect themselves from a failing dollar by putting their money in something that is a lot more stable. That’s where gold investing comes in because not only is gold extremely stable at the moment, but it also happens to be rising in value at a rapid rate.
If you would like to learn more about how serious the economic situation really is and what you can do to protect yourself and your family I recommend that you watch the video below (Tip – just click on the box in the bottom right hand corner of the video once it starts playing to expand it).
Over the past decade the price of gold has increased six fold, and at one point it had risen over $1000 an ounce higher than what it was back in the year 2000.
Remember that these prices fluctuate and investors like to take their profits from time to time. That’s why the price has bounced back a bit, and at the time of writing (early 2012) it is staying stable between the $1600 and $1700 an ounce mark. In trading terms this is known as a ‘consolidation’ which is often a sign that it is gathering steam for the next upwards surge.
The economic picture is likely to start looking worse again once people realize that a lot of the so-called improvements we’ve been told about and led to believe are mostly fake and it’s just the media skewing the numbers. Once that happens you will see a backslide in our economic progress and the interest in gold will increase.
The resultant increased demand for gold will push its price higher and higher until it levels off once again. At that point it will be in the next consolidation phase, pending the subsequent upward rise…. and so on.
What Investment Strategies Should I Use When I First Begin Diverting Some Of My Money Into Gold?
Here are two basic strategies you can utilize when you first start investing in gold…
Firstly you can buy physical gold which you can then store in somewhere like a home safe or a bank safety deposit box. The options you have are to buy either gold jewelry or gold bullion.
Investing in jewelry will not give you the best return on investment because its value is never based solely on the spot price of gold. This is because the price when you buy includes the design and fabrication costs but these are rarely taken into account when you sell. Jewelry is also less liquid than bullion because buyers’ personal tastes and preferences will always influence the price and speed at which you can sell.
You will get the best return on investment by investing money in gold bullion, which takes the form of either gold coins or gold bars. I will not expand on this here as I have written about it in depth elsewhere on this site > Click Here.
The second option, which I happen to feel is the much better one right now for anybody looking to secure their retirement, is to open up a gold IRA so that you can start buying up actual physical gold bars and gold coins to go into storage in your own name as part of your individual retirement account.
A gold IRA is the only type of retirement account that lets you hold physical gold as part of your retirement fund. There are lots of benefits in making gold part of your retirement investment portfolio, the main one being that gold acts as a hedge because of its negative correlation with the other types of investments you are likely to have in your portfolio such as bonds, stocks and shares. Whenever these fall, the price of gold tends to go up. So as you can see, including gold in your overall portfolio gives you security because it protects your wealth.
You can easily transfer or rollover your existing IRA, 401k or any other retirement plan for that matter into a Gold IRA. For more information about Gold IRAs I recommend that you skip over to where I have covered this topic in considerable depth. There I also give you a step by step walkthrough of how I set up my own Gold IRA so that you can follow the same process if you want to. I think you’ll be surprised how easy it is.
Where Can I Go To Buy Gold?
This is a no-brainer for me because I’ve been investing money in gold for quite a while now and I’ve learned the ins and outs of this industry. So if you’d like to take my advice then I highly recommend that you work with a company called Regal Assets to get started investing money in gold.
They are a highly respected and well established California based gold broker who specialize in both precious metals and retirement accounts. Based on my own experience with them I have no hesitation in saying that they will be able to take care of all of your needs.
Regal Assets will help you establish your gold IRA account if you choose to solidify your retirement future (and I really hope you do), or they will be able to help you make your gold purchases online in a very simple and easy manner.
If you would like more information about them you can click on this link to watch the video review that I’ve made: Regal Assets Reviewed
To get the ball rolling with them all you need to do is send them your name, phone number and email in the form at the top of this page to request one of their excellent complimentary Gold investment and Retirement kits. Once you’ve submitted those details one of their knowledgeable specialists will give you a call to discuss your requirements and answer all your questions. What you’ll be getting in effect is a free consultation with a gold and precious metals expert!
Simply fill out the form today so you can get started investing money in gold right away.
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Filed under: Investment Information