Throughout history, gold has always been a magical metal. Many different societies have used this rare substance as money and a sign of wealth. Wealthy members of society and rulers always cherished gold and adorned themselves with the yellow metal. Kings, queens and pharaohs decked themselves and their surroundings with gold throughout history as in this modern era, the very wealthy members of society have even used this precious metal to plate their cars. Gold has always been a sign of wealth and chances are that it will always be a sign of wealth and opulence.
In the wake of economic crisis, countries, banks and wealthy individuals have been investing in gold as a way to secure their wealth. Gold has always been readily exchangeable for currency. Every country in the world recognizes gold for its worth. The thought is that if there ever is an economic collapse, gold and other precious metals will still be valuable and easily exchanged for currency. While none of us wants to think of a world where money suddenly become worthless, history has shown that this can happen.
You might feel that it would be difficult to exchange gold for money. As an investment vehicle, having all your money in precious metals might sound ridiculous. After all, what are you going to do? Are you going to go to a bank and hand them an ingot and ask for it to be exchanged into small bills? In some countries this is absolutely possible. Of course, there are better ways to liquidate gold but as an investment it is more liquid than most.
Take real estate or collectibles such as antiques or cars, for instance. While a home is a great way to invest your money while reaping the benefits of having an investment that you can live in, it is not very liquid. If you begin to see the value of your home dropping, it's very difficult to liquidate your position. The same holds true for other collectibles such as cars or antiques. Gold is very bit as liquid an asset as stocks or bonds.
Most people invest in gold because of the stability. Gold has steadily increased in value over the years and it is a long term investment vehicle meant to stave off inflation as well as give the owner some security in uncertain economic times. Of course, the appeal of gold goes beyond its monetary value. We are drawn to gold. We equate gold with wealth and it is almost a universal sign for success.
As children, many of us played games or imagined that we were kings and queens. We ruled the land and lived in castles. Part of that fantasy or role playing probably involved wearing a gold crown and other finery. Others bowed down before us and we were admired. We had rooms filled with riches which included a lot of gold. Even many of our fairy tales revolved around gold. We were Midas with his Midas touch or we read about Rumpelstiltskin who turned hay into gold. We dreamed of gold and we knew that it was a sign of wealth, prosperity and security.
Owning gold satisfies this carnal desire to be wealthy and secure. It's likely that more than one investor has relived that childhood dream and stood with a smile on his or her face as they held their first gold ingot in their hands. They had arrived. They were living that childhood dream. Of course, this probably isn't the main reason why most people invest in good but it sure is one of the fun parts.
In the wake of economic crisis, countries, banks and wealthy individuals have been investing in gold as a way to secure their wealth. Gold has always been readily exchangeable for currency. Every country in the world recognizes gold for its worth. The thought is that if there ever is an economic collapse, gold and other precious metals will still be valuable and easily exchanged for currency. While none of us wants to think of a world where money suddenly become worthless, history has shown that this can happen.
You might feel that it would be difficult to exchange gold for money. As an investment vehicle, having all your money in precious metals might sound ridiculous. After all, what are you going to do? Are you going to go to a bank and hand them an ingot and ask for it to be exchanged into small bills? In some countries this is absolutely possible. Of course, there are better ways to liquidate gold but as an investment it is more liquid than most.
Take real estate or collectibles such as antiques or cars, for instance. While a home is a great way to invest your money while reaping the benefits of having an investment that you can live in, it is not very liquid. If you begin to see the value of your home dropping, it's very difficult to liquidate your position. The same holds true for other collectibles such as cars or antiques. Gold is very bit as liquid an asset as stocks or bonds.
Most people invest in gold because of the stability. Gold has steadily increased in value over the years and it is a long term investment vehicle meant to stave off inflation as well as give the owner some security in uncertain economic times. Of course, the appeal of gold goes beyond its monetary value. We are drawn to gold. We equate gold with wealth and it is almost a universal sign for success.
As children, many of us played games or imagined that we were kings and queens. We ruled the land and lived in castles. Part of that fantasy or role playing probably involved wearing a gold crown and other finery. Others bowed down before us and we were admired. We had rooms filled with riches which included a lot of gold. Even many of our fairy tales revolved around gold. We were Midas with his Midas touch or we read about Rumpelstiltskin who turned hay into gold. We dreamed of gold and we knew that it was a sign of wealth, prosperity and security.
Owning gold satisfies this carnal desire to be wealthy and secure. It's likely that more than one investor has relived that childhood dream and stood with a smile on his or her face as they held their first gold ingot in their hands. They had arrived. They were living that childhood dream. Of course, this probably isn't the main reason why most people invest in good but it sure is one of the fun parts.
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Uncover the truth about investing in gold. Satisfy that childhood fantasy of playing with gold just a little bit.