Is It Too Late To Invest in Gold?
If you have been paying attention to financial news lately, you’ll have noticed that the price of gold has been rising. In fact, gold has tripled in value over the last seven years, outperforming the S&P 500 for this same period of time.
But can it continue?
According to many experts, the answer is a resounding – yes!
Many analysts argue that the global economy is in the midst of a long-term cycle of rising commodity prices that started in 2001. In inflationary times as well as times of uncertainty, the price of gold tends to rise. In addition, over the past few years, the world’s central banks have been flooding the market with liquidity. Historically, this has lead to devaluation in currency and a relative rise in the value of gold, as it’s one of the only “currencies” they can’t just print.
Many of these same analysts think global conditions today could lead to another gold boom similar to what we experienced in the 1970s. Today government central banks, led by China and India are again net purchasers of gold*. According to an internal client report from Citibank in November 2008, signs from China indicate their central bank may be intending to boost its gold reserves from 600 tons to as much as 4,000 tons to diversify away from paper currencies and that could help push the price of gold above $2000 an ounce in 2011**
If you want to invest in gold, how to go about it
One of the easiest and most popular ways to buy gold is to invest in bullion coins whose value is usually closely tied to the daily published price of gold on the world market. Another popular method is to buy historic or mint gold coins that, due to their collectable nature, have a value greater than their pure precious metal content. Both strategies are valid for investment, with the latter providing additional features and benefits.
If you are interested in learning more about diversifying a portfolio, or starting or completing a coin collection, one of the best places to turn is Goldline International. With an A+ rating from the Better Business Bureau, this 50 year old company has demonstrated its commitment to reliability and trust in the market..
Goldline realized early on that customer service was a critical element for people interested in acquiring gold. Today they sell over 500 million dollars per year of gold, silver, and platinum coins and bars, as well as rare and collectible numismatic coins, to collectors and investors.
Perhaps one reason for their success is that they have developed some very special customer service programs for their clients. They offer secure delivery or can arrange third party storage of your precious metals. They also have a wide variety of payment options as well as a price guarantee program on select coins and a satisfaction guarantee that gives first-time buyers in most coin transactions a full seven-day money-back guarantee (limits and different refund periods may apply).
Goldline can even assist you in adding precious metals to your IRA.
While nobody can predict the exact movement of, and, like any investment, investing in gold does have risks, many experts agree that gold should be considered as part of a diversified portfolio. Goldline recommends that gold should make up between 5 and 20% of a portfolio.
And Goldline is the company that thousands of satisfied clients choose to acquire gold with confidence.
To learn more about investing in gold and to get a free, no obligation investor kit, click here.
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[yes… always consider the SOURCE!]
FILE UNDER: CULTURAL CAPITAL; MEDIA LITERACY