Investing in gold and other precious metals this decade will possibly be one of the smartest decision you do make today. The world recession and GFC has unfortunately caused many businesses and lives to collapse. Todays stock markets are all over the place, and the volatility of the stock markets is creating stupidity all round the globe.
Long term investor strategies silver and gold are a very smart method to invest for retirement. Take a look at currency values today.
Today check out how gold risen in later decades. Since the gold standard was removed in the 70's, gold would of has had great results and has as a matter of fact beat other investor sectors such as the stockmarket, real-estate, and the forex markets. The live gold price always is out performing most of the popular investment ideas.
Investing in precious metals is a great method for your future retirement, but there is a few things you do need to know the live precious metal value and why you can actually loose your investment even though the gold price increases.
When purchasing precious metals from gold brokers, there could be other charges that can increase the value of acquiruing gold. The live gold rate at the time isn't a good expression of the overall charges.
In the end, you're not David Einhorn who has unlimited resources to make a decision and then purchase hundreds of thousands of $$$ of gold.
Let us look at an example. You've completed all of your research and have decided you would like to purchase an oz of gold at the current market value - let's say today it's at $1750 per oz.
It all looks fine then you contact one the large gold brokers such as the American Mint because they are popular and have the track record. When you buy the gold for your pile of gold though, you quickly realise you don't have enough money. Precious metals are normally measured as gold rate per gram. This does happen due to the extra charges and fees. After all they have a massive company to operate.
There are other strategies to buy gold in lesser amounts and not have to pay higher fees. Companies like Credit Suisse and Suisse PAMP make it easier to purchase precious metals in smaller quantities ensuring you don't need to buy gold bars.
As well as the extra fees, the value of the US gold bar, and precious metal coins can be reduced when damaged in transport and and when in storage. It us usually a great idea to investigate your chosen precious metal trader prior to entering in a agreement, and research other dealings with the gold broker in question. live gold price