Gold as a top retirement investment

Gold as a top retirement investment

Binghamton : NY : USA | Oct 21, 2013 at 6:36 PM PDT
Views: Pending

Purchashing gold and silver this decade may possibly be 1 of the best idea

you make right now. The global recession and global

financial crisis has unfortunately caused loads of businesses and livelihoods to explode. Todays stock markets are

completely crazy, and the craziness in the currency markets is causing havoc all round the world.

Long lasting investment methods gold

and silver are a very smart method to plan for the future. Just take a look at the

US dollar today.

Now see how gold risen in later years.

When the old gold standard was taken down in the

70's, gold and silver would've has had

great results and has been a better investment than all

other investment sectors including the stock-

market, real-estate, and the currency sectors. The live gold value does consistently beat

most of the normal investment ideas.

Purchasing gold may be a good strategy for future

investment and retirement, however there are a few factors

you require to understand the live precious metal value

and why you may actually loose dollars even though the

precious metal value rises.

When purchasing from gold and silver

brokers, there will be other fees that will expand the rate of buying gold.

The live gold price at the time isn't a great expression of the overall charges.

In the end, you're not David Einhorn who does have amazing

ways to make a decision and then buy hundreds of thousands of dollars of gold.

Let us see an a thearetical example. You have done all of your research and decide you would like to purchase a

carrat of gold at the market value - let's say today it is at $1750.00.

It all looked great then you

approach one the large gold brokers such as the US mint because they have a good reputation and tried and trusted. When you go to place your order for your own

bit of gold though, you quickly understand you wont have enough money. Gold is consistently valued as gold price per gram. This due to the unknown fees and charges. They do afterall have a massive firm to


There's other methods to purchase

gold in small amounts and you do not need

to pay much higher fees. Companies just like Johnson Matthey and Credit Suisse make it easier to

trade precious metals in smaller amounts ensuring

you don't need to buy gold bullion.

In addition to the extra fees, the value of the US bullion, and gold pennies can be reduced in value

becasue of damage in while transporting and and when in

storage. It us always a great idea to investigate your chosen gold buyer prior to going into any

contract, and investigate other dealings with the gold broker in question. More information here: live gold rate

goldira4mask is based in Binghamton, New York, United States of America, and is a Stringer on Allvoices.
Report Credibility
  • Clear
  • Share:
  • Share
  • Clear
  • Clear
  • Clear
  • Clear

More From Allvoices

Report Your News Got a similar story?
Add it to the network!

Or add related content to this report

Use of this site is governed by our Terms of Use Agreement and Privacy Policy.

© Allvoices, Inc. 2008-2014. All rights reserved. Powered by PulsePoint.