The investing game has changed drastically over the last several years. There was a time when you could comfortably invest your money in a solid stock in a well run company and feel secure that your money would grow respectably over time. In fact stocks, bonds and treasuries were some of the best investments available. Another sound investment was real estate and people were encouraged to invest heavily in their homes because it was touted as a solid investment.
The landscape has changed considerably. Real estate has lost its appeal and is one of the sources of much of the economic pain. The stock market moves in wide swings, fueled by high speed trading and investing based on technical indicators. Buy and hold in the stock market is a fool’s errand and it takes nerves of steel for you to put your money in the stock market at all.
Aside from stuffing money in the mattress, where can you find a safe place for your money? Actually, the mattress isn’t a good option because it can lose value due to fluctuations in currency values. The same dollars you stuff in the mattress could be worth much less when you take them out.
Gold has been a “safe haven” investment for turbulent times. It is a way for you to preserve your wealth and many people have realized gains due to the increase in the spot price of gold. Gold is an insurance policy against economic volatility. Current world events and politics certainly qualify as economic volatility.
One of the best ways to invest in gold is with gold bullion coins. Gold bullion coins are actually currency and come in a variety of sizes including 1/10th, 1/20th, ¼, ½ and a full troy ounce. You can purchase gold bullion coins in various levels of purity, which also affects their price. When you purchase gold bullion coins you need to make sure that you don’t pay a significant amount over the spot price of gold and purchase from a reputable dealer. Also make sure you know what you are buying, so make sure you understand the purity level of the gold bullion coin you are purchasing.
You can find some security in a rapidly changing investment landscape by putting some of your wealth into gold bullion coins and buy a little peace of mind.