Gold is a great way to get ahead financially, and it makes a marvelous investment that you can appreciate wherever you are. For a lot of people, owning gold can be one of the most satisfying types of investments, bar none. When you want to get ahead and grow your wealth, gold can be a great way to do so.
The Price of Gold Generally Rises
The biggest problem with a lot of “investments” over the past few years is that their prices have fallen instead of risen. This isn’t so bad when you’re ready to buy them. But when you’re looking to cash out and use some of the money you’ve waited so long for, this can be a serious heart breaker.
The big problem with investments that tend to stay where they are—or worse, go down in value—is that you might actually need that money someday for something important. Your kids need to go to school, and you need to retire some day. It almost seems as if some investments assume you just want them for fun, instead of as a way to grow your wealth.
The great thing about gold is that its price tends to rise steadily over time. Naturally there are some bumps along the way, but there is always a market for gold. For several years now, gold has grown in value with serious vigor. The stock market and real estate have been in the dumps, but gold hasn’t lost a whit of the shine its owners are all too familiar with. With gold, the price tends to rest on the quantity, and that is a great reason in and of itself to invest.
There’s a Limited Quantity of Gold By Default
Gold’s quantity is a limited matter by default. Since the alchemists of olden times were never able to make more gold, its quantity is naturally limited by how much anyone can find. In fact, the entire quantity of gold on this entire planet is limited to a couple of Olympic-sized swimming pools worth. Considering how much of most metals would need to be used for even an ordinary building, that’s not much gold. Because of this, the value of gold is a strong and stable thing you can take to the bank—or keep in your home, if you want to.
Gold Hedges Against Currency
Perhaps the best kind of hedge against the currency you use is a commodity. With commodities, you have something that has intrinsic value beyond just selling it. Far too many kinds of investments are super complicated, partly because a lot of really smart people make a lot of money to keep that complexity in place.
Of course, there are only so many kinds of commodities you can actually keep in your home. For most people it isn’t practical to keep barrels of crude oil in the garage, or a few dozens heads of cattle in the back yard. So gold is a great way to keep your currency balanced with something you could trade if you had to.
Gold is also great because it’s easy to handle. If you aren’t a rancher, handling cattle could become unwieldly. Crude oil is smelly and hard to transport safely (and if it spills, you’ll never get it out of your upholstery.) But with gold, a small sack full could be enough to trade for plenty of things during an economic rough patch.
Gold Is Fun to Have Around
Gold is not just a great commodity. It’s also nice to have around, just for its enjoyable qualities. With gold, you can look at it all day and know that you’re looking at a piece of art that you can always trade in if times get tough. It’s like a stock certificate, only shiny and malleable. Plus, unlike a stock certificate you won’t have to worry if your gold suddenly won’t be there tomorrow. With executive antics being what they are, there is no company that can last as well as a real piece of gold can.
Gold Is Beautiful and Low Maintenance
The beauty of gold is not just in its physical attractiveness. Rather, like any other work of art, there’s an appreciation that happens when the world knows a design’s maker won’t be making any more of a particular item. On top of that, gold is very low maintenance. It won’t rust or tarnish like most metals will. Nor will it spoil, like many kinds of commodities will. You won’t find your gold getting sick, like pork bellies, or becoming unusable, like crude oil.
When you’re ready to invest in gold, you know where to get it: Visit Doylestown Gold Exchange in Doylestown, PA, where you’ll also find a wide range of rare and valuable coins, gems, jewelry and more.