Owning gold is about creating a long-term safe haven for a proportion of your wealth.
It is about possessing gold coins or bars as a physical asset, outside of the banking system, and having them on hand if your income, investments or retirement savings take a hit.
Nobody thinks about buying an umbrella when the sun is shining and the sky is blue, without a cloud in sight. If we were totally rational beings, that would be odd. Because we know for a fact that it’s going to rain one day. And we know if we don’t have an umbrella before the … Continue reading..
In 2104 the world’s central banks purchased a total of 447 tons of gold. That’s the second biggest year for buying gold in the last 50 years. And it represented a 17% increase on purchasing in 2013. So what was all that about? After all, the price of gold has been falling over the last … Continue reading..
If you are a trader or speculator in gold, by all means listen to the markets. Your task as a speculator is to make money from the ups and downs in the short-term price of gold. However, if your primary aim is to own gold as a hard asset, you are playing a longer-term game. … Continue reading..
As the price of gold begins to inch its way up, a whole new flood of buyers start looking for gold. (Weird thing…few people buy gold when the price is going down or stagnant. They prefer to buy when the price is higher!) Anyway, as these occasional or “amateur” buyers start looking for dealers, … Continue reading..
Many of us who buy gold bullion coins are motivated by the desire not only to diversify our investments, but also to build up an alternative stash of “money” for times of emergency. Gold is the kind of money you can spend when chaos strikes, whether the dollar has plummeted in value, the banks … Continue reading..