Friday, January 18, 2013

Why you should buy gold

By Sean Simpson


So far only a small minority of people who wish to invest have taken advantage of the internet to purchase gold. Ultimately, investors just want a good return on their money. Gold can provide that through bad times and good ones, and it is now easier than ever to trade it you only need to go to your web browser and find a site that gives you access to quantities and values you wish to buy.

You are responsible for your long term financial success and with the debt levels being created in countries around the world, you will almost certainly have to fund your own retirement because the money simply won't be there for the government to help. With all our new industrial technology and metal extraction techniques, there are still people around the world who mine gold in a similar way to our ancestors. One huge change in society today is that if you work hard and save your money, you can buy and trade gold to your heart's content. This was not possible in earlier times.

One huge change in society today is that if you work hard and save your money, you can buy and trade gold to your heart's content. This was not possible in earlier times. Assembling all of these things has resulted in a massive wealth explosion over the last thirty years the likes of which has never been seen before in human history.

You can still find Roman and Greek gold coins in archaeological sites around the world. Our attitudes towards gold have not changed much over the centuries, and we still see the metal as "precious". Even in the 21st century we value gold for its properties and its rareness.

Another difference is that we are able to trade it on the internet. The irony is not lost on most people when they are told that while gold itself plays very little role in our actual daily wealth, it is still at the core of our computers and electronics playing a vital role in circuitry. Why has gold been used for millennia? Something's that so hard to find will always be seen as "unique".

As they understood little of its chemical properties, our ancestors believed gold to have magical powers. It was not until Medieval Europe that gold coins were produced on what we would consider to be a commercial scale. There is a possibility that the gold that we use today has been re-worked from earlier items - so that gold watch you've been looking at may have had another life entirely! So it's all very well and good that you make money selling gold when the price goes up. But what happens when you're caught in a falling market?

When people decide to use hedging tactics they are simply insuring themselves against something negative happening - eg, falling gold prices. The simplest way to beat the constantly trending markets is to know where to run for cover when the storm gathers and now with the ability to easily buy gold online, you have that safe place open to you that bigger investors and institutions have used for thousands of years.




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