Daily gold prices go up and down.
It’s true of gold, of other commodities, and of stocks and bonds.
The key to gold ownership is to ignore these ups and downs. Also, ignore the larger corrections, which can see the price of gold fall by several percentage points.
These price changes and corrections give traditional investors ulcers. They calculate their losses and fret over whether to buy or to hold.
That’s because they are trading gold and trying to make some quick profits.
Gold owners have a completely different perspective.
We are not in it for the short-term. We are in it as a means to protect our wealth over the long term.
We believe that the world’s economies are in trouble, including the US economy.
We believe the US in particular has a level of debt that it simply cannot get out from under, whatever the monetary policies of the day.
We believe the value of the dollar will take a big dive in the not too distant future.
And as the economy crumbles, you can be sure that the price of gold will rise quickly.
This is why gold owners don’t much care about fluctuations in daily gold prices.
We always feel secure and confident, because we know that if the economy does take a huge dive, gold prices will shoot up.
That means that our gold holdings will rise dramatically in value at exactly the time we need them the most.
That’s why we buy and own gold. And why you should too.
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