Recently, there’s been quite a lot of debate concerning whether to buy gold coins, silver coins and other precious metals as an investment as well as a hedge against looming inflation. While no one person can exactly predict the future and how economic recession will play out, it’s not a bad idea to buy gold coins. There are several excellent reasons to do so, regardless of what happens in the coming years. Let’s explore the reasons you should buy gold coins and other forms of gold for both profit and protection.
One myth advanced by mainstream financial analysts is that gold is a bad investment. Nothing could be further from the truth. Since 2000, stocks have remained stagnant while gold has quadrupled in price. Despite this increase, gold is still a terrific investment and it’s not too late to get in on owning gold for profit. Over the coming years, economic experts who correctly foresaw the real estate market bubble and the subsequent crash as well as the economic crisis foresee gold going even higher, potentially as high as $5,000 per ounce.
Investing in gold mining stocks or certificates is fine, but nothing beats having it in your physical possession. When you buy gold itself, you know exactly where it is and can store it where you please. There have been credible reports of gold bars stored with major banking institutions being counterfeit. Specifically, allegations that gold-plated tungsten bars are being passed off as the genuine article may have some credence. Coins aren’t worth faking, so the risk of being sold bogus coins is practically nil. Yet another reason to buy gold coins.
Another reason to buy gold coins is to protect your wealth from being eroded by inflation. While deflation is being touted as a threat at present, there isn’t any real deflation occurring at the moment. Sovereign debt crises mean that investors are losing faith in the ability of governments to pay their bills. In the end, this distrust of fiat currencies could mean serious inflation in the coming years. Gold holds its value quite well in the face of such inflation, which is really the biggest reason of all to invest in this unique asset.
In the end, the decision to buy gold coins is your own and depends on whether you feel the global economic situation will get better or worse. In either event, gold is a win-win protector of your savings. Essentially, if you buy gold coins and inflation doesn’t become a problem, you’re no poorer. But if you don’t and that scenario does play out, you stand to protect your assets and even profit in the long run. In any event, buying gold is one option which you should consider in-depth in the face of an uncertain future.
Source by Alisha Heath
Safely Buy Gold Coins Just Like the Professionals
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