Why I Buy Gold!
There are 10 reason why I buy
Gold is Money
Gold is not used as a currency today, but
its role as money
makes it superior to any currency. In fact, gold has been money longer than any currency in
Gold Is a Tangible Asset
If you buy physical gold, you can hold it in your hand, something you can’t do with most any other
investment. Real gold can’t be destroyed by fire, water or even time. Unlike other commodities, gold
doesn’t need feeding, fertilizer or maintenance. And since there’s only so much gold available, it has
an inherent value that these other commodities don’t have.
There’s another advantage to gold being a tangible asset: it can’t be hacked or erased.
Gold Has No Counterparty Risk
If you hold gold bullion, no paper contract is needed
to make it whole. No middleman or other party is necessary to fulfill a contractual obligation. That’s
because gold is the only financial asset that is not simultaneously some other entity’s
This is important because gold will be the last man
standing when bubbles pop or a crisis hits. That’s a powerful tool to have in your portfolio when
things start to go wrong in your country or economy.
Gold Can Be Private and Confidential
How many assets can you say that about in today’s world? If you want a
little privacy, physical gold is one of the few assets that can provide
Gold is one of the very few investments that can be anonymous. If you
choose, no one has to know you own it. Virtually any other investment you may make does not have this
Gold Is Liquid and Portable
Gold is also ideal because it is easy to sell and can be carried in your
pocket anywhere you go.
is highly liquid. Virtually any bullion dealer in the world will recognize a gold
and buy it from you. You can sell it to your local coin shop, a pawn shop, a private party
or an online dealer. It can always be sold for cash or traded for goods.
Gold Is Easy to Store and Comes With Low Maintenance and Carrying
question that comes up with physical gold is the cost of storing it. But while professional
storage does come with a fee, vaulting charges are typically low.
And compare a small storage bill to the costs and headaches of, say, real estate. Just lock your gold
away until you need it — no late renter payments, calls to fix a broken toilet or complicated tax
Gold Requires No Specialized Knowledge
Can you spot a real diamond? Can you look at two
paintings and tell which one is the fake Van Gogh? What stamps, baseball cards and antique
furniture pieces are more valuable than others?
Gold bullion requires none of this. No special skills,
training or equipment are needed to buy or recognize gold bullion.
You can buy rare gold coins, but this is the
world of the collector, which most investors should avoid. You’re not speculating on a numismatic
coin someday fetching a higher premium than what you paid; you’re investing in gold bullion to
protect you against crises and shield you from a loss in purchasing power. No rare coins are
Gold Can Protect Against Nefarious Politicians
You don’t have to be a conspiracy nut to understand
that governments sometimes overreach. They can freeze bank accounts, garnish wages and even
confiscate funds. Talk to people who were victims of these actions and they’ll tell you they had
an economic or financial crisis, these actions increase. The government desperately needs revenue
and they tend to be more aggressive in their enforcement. Or they simply pass new laws and
regulations to suit their needs at the time.
It’s happened with virtually every government in
history, and it’ll happen again, especially in a crisis
Gold Hedges Your Stock Market Investments
Want to hedge the stocks you own? Do you sometimes
worry the stock market might crash?
Gold may have an answer for you. This
chart shows gold’s correlation to other common asset classes since 1975. The zero line means gold does
the opposite of that investment half of the time. If it’s below zero gold moves in the opposite
direction of that investment more often than with it (and vice versa if above
Gold Will Protect Your Portfolio in Times of Crisis
One of gold’s strongest advantages is that it can
protect your investments — even your standard of living — during periods of economic, monetary or
geopolitical crisis. And depending on the nature of the crisis, gold can move from a defensive
tool to an offensive profit machine.
Check out how
the gold price has responded to various crises.
When a crisis strikes and drives fear higher — whether it’s from
investors worried about the stock market or a full-blown event affecting the livelihood of all citizens —
gold is a natural safe haven. Fear is what drives people in a crisis, so the greater the worry, the more gold
is sought and the higher its price goes
From its low in August 1976 to its January 1980 high, gold rose a whopping 721 percent!
Look left to see what an oz is worth today!!!
How Many Investments Have All These Advantages?