Humans have cherished gold more than any other precious metal throughout history. For centuries it was used as legal tender and it backed legal tender in the United States. Gold adorned kings, pharaohs and in recent years became a sign of opulence among the world's very wealthy as they coated cars and weapons with the expensive metal. Human beings have been attracted to gold throughout the ages and this trend shows no sign of stopping any time in the near future.
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.
There are some that feel that gold simply lacks the liquidity that other investments have. Stocks can be sold quickly and money in a savings account can be withdrawn easily. Owning gold is probably difficult to turn into spendable cash, right? Actually, precious metals are very liquid and it is possible to exchange gold for currency in many countries. You would simply walk into a bank with your gold and ask for it to be exchanged for money. Selling your gold back to the source of your investment or another investor is also an option and this is often the route that most owners go when they decided to liquidate their portfolio or a portion of their investment. Gold is actually more liquid that many other investment vehicles.
There are many other physical goods that you can invest your money in but their liquidity is often limited. Homes, raw land and material goods such as cars or collectibles might be great ways to invest your money but their liquidity is often limited. Selling a home or car quickly often requires you to sell at a bargain price if you need money for an emergency. Also, it is often difficult to unload a house that you invested in quickly if prices begin to plummet as they often do during an economic crisis. Gold, on the other hand, often increases in value and goes up in price during tough economic times. As stock prices plummet, the price of gold often goes up since wise investors scramble to move their money into something that is safe and secure.
Gold is a very stable investment and this is often why people look to buy this precious metal. It has stood the test of time and provides the security that other sources lack during inflationary period. During times when the stock market is declining or confidence in the market is uncertain, gold does very well as investors move their money into precious metals. It often moves directly opposite of the stock market and these trends can be seen historically. While gold makes sense as an investment, there is also often a hidden reason why many people put some if not all of their savings in gold or an account backed by precious metals. Deep down inside each and every one of us is a desire to own it and hold it in our hands.
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.
It very well might be your secret desire to have at least a little gold of your own to give you that feeling of security. You will probably show it to your friends or when you're feeling uncertain about the future you can feel it in your hands. No other substance on earth can give you that feeling and no other metal is so widely recognized as being valuable. While you might logically desire the stability and security that gold affords you, nourish that kid inside, smile and remember these words the first time you hold your own gold in your hands.
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.
There are some that feel that gold simply lacks the liquidity that other investments have. Stocks can be sold quickly and money in a savings account can be withdrawn easily. Owning gold is probably difficult to turn into spendable cash, right? Actually, precious metals are very liquid and it is possible to exchange gold for currency in many countries. You would simply walk into a bank with your gold and ask for it to be exchanged for money. Selling your gold back to the source of your investment or another investor is also an option and this is often the route that most owners go when they decided to liquidate their portfolio or a portion of their investment. Gold is actually more liquid that many other investment vehicles.
There are many other physical goods that you can invest your money in but their liquidity is often limited. Homes, raw land and material goods such as cars or collectibles might be great ways to invest your money but their liquidity is often limited. Selling a home or car quickly often requires you to sell at a bargain price if you need money for an emergency. Also, it is often difficult to unload a house that you invested in quickly if prices begin to plummet as they often do during an economic crisis. Gold, on the other hand, often increases in value and goes up in price during tough economic times. As stock prices plummet, the price of gold often goes up since wise investors scramble to move their money into something that is safe and secure.
Gold is a very stable investment and this is often why people look to buy this precious metal. It has stood the test of time and provides the security that other sources lack during inflationary period. During times when the stock market is declining or confidence in the market is uncertain, gold does very well as investors move their money into precious metals. It often moves directly opposite of the stock market and these trends can be seen historically. While gold makes sense as an investment, there is also often a hidden reason why many people put some if not all of their savings in gold or an account backed by precious metals. Deep down inside each and every one of us is a desire to own it and hold it in our hands.
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.
It very well might be your secret desire to have at least a little gold of your own to give you that feeling of security. You will probably show it to your friends or when you're feeling uncertain about the future you can feel it in your hands. No other substance on earth can give you that feeling and no other metal is so widely recognized as being valuable. While you might logically desire the stability and security that gold affords you, nourish that kid inside, smile and remember these words the first time you hold your own gold in your hands.
About the Author:
Visit http://IRA-Gold-Rollover.com/to discover the truth about investing in precious metals. See how beautiful gold can be in its raw form.
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