Know when to buy and sell gold.
Humans have been fascinated by gold for thousands of years, by the way it never tarnishes and by its unique color. Sadly, gold is useless in engineering terms, except for plating electrical contacts, to ensure they never tarnish and lose their conductivity. The metal is too soft, with too low a tensile strength to be used for much besides necklaces and rings. As an investment though, gold is a different story altogether. Why do people buy gold? It has zero intrinsic value.
Gold prices fall and rise, according largely to the degree of fear that people have about the future. When war is imminent gold prices soar.
When economic conditions are good, inflation low and employment rate high, gold prices fall. Under these conditions there are investments that are probably going to produce a better return than holding gold bars.
People buy gold because they fear the inflation and catastrophic share price collapse that normally accompanies war and political uncertainty. They buy gold because they think gold will hold its value.
Historically gold holds some value, whereas shares can lose all of their value overnight. However, anyone who buys gold at the high price associated with war will almost certainly lose money, when they sell at a lower price.
Conclusion - buy gold when everyone is saying to invest in the stock market. Sell gold when things are looking grim and there are lots of buyers out there.
If you do buy gold you need to appreciate that this investment has risk. The price of gold may fall. It may be years before you can sell your gold at a profit.
Until recently many countries made it illegal for individuals to hold gold bars or bullion. Individuals could buy gold coins and other items however. The South African Krugerrand was minted to exploit this opportunity and to earn much needed foreign exchange for that country during the years of economic sanctions.
Nowadays you can buy gold, silver and platinum coins in many denominations, including Canadian and US dollars, sterling crowns and sovereigns.
Gold, Gold Bar, Gold Coins, Silver Bullion News
2011-11-20
(1 gm) .999 Fine Gold Bar - (With Assay Card) PAMP SUISSEBy Pamp Suisse Buy new: $86.728 used and new from $71.00 Customer Rating: Customer tags: gold(5), silver(4), investing(4), blueproton(3), gold bullion(3), bullion(3), shister
2012-03-29
2010 1/10 (Tenth) oz. Gold American Eagle Coin BU (Toy)By West Point Mint Buy new: $245.00 Customer tags: coin(3), gold bullion(3), blueproton(2), eagle(2), bullion(2), bison
2010-11-02
Standard Catalog of World Gold Coins (Hardcover)By Thomas Michael Buy new: $84.5152 used and new from $32.00 Customer Rating: Customer tags: numismatics(3), coins(3), gold bullion(2), gold, catalog, coin collecting
2009-12-08
Chinese 2005 24K Gold Panda Coin 14K Pendant (Misc.)By First Commemorative Mint Click for more info Customer Rating: Customer tags: gold bullion(2), gold, gold coins
2009-12-08
10 Gold Liberty - BU Collection (Misc.)By First Commemorative Mint Click for more info Customer tags: gold bullion(2), gold, gold coins
2009-12-08
2007 First Spouse Series One-Half Ounce Gold Proof Coin Martha WashingtonBy First Spouse Coins Click for more info Customer tags: gold bullion(2), 2007 first spouse gold coin(2), gold coins, first spouse gold coins, coins
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Gold Price, Price of Gold, Gold Coins, Bullion, Buy Gold
Know when to buy and sell gold.
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