Today’s topic is going to be about how to invest in gold where we will look into some facts like how to invest in gold and what to look out for.
Facts:
For most of recorded history gold has been the most popular and universally accepted monetary metal. This is because it possesses such qualities such as its rarity, durability, density and a tendency not to corrode or rust.
For whatever reason human beings have always been intrigued by gold and it’s represented power status in cultures across the world.
It’s often been associated with royalty and long-established reputation as a symbol of wealth.
Gold is a very scarce metal. Roughly 2500 metric tons are mine in the world every year and currently the global demand is increasing at a pretty rapid pace.
Right now it’s about four thousand metric tons per year, which indicates an upcoming shortage in gold. You can then appreciate how eazy it was to learn how to invest in gold without having to go to some college.
An interesting fact:
Just to get an idea of gold’s scarcity, if you were to take all the gold that’s on this planet today, it will only show up four olympic-sized swimming pools.
There is a finite amount of this stuff on the earth’s surface, so as the global population grows, the available amount f gold per person is going to continue to decrease.
At the moment it is a third of an ounce of gold available for every person in the world.
In times of financial crisis gold is considered a safe haven and has proved to be an excellent preserver of wealth.
Currencies have been devalued throughout history and disappeared but gold is always consistently held its value.
For example you may have probably heard about this before but back in the ancient Rome a man could get a suit of armor for one ounce of gold and today you could take an ounce of gold, sell it and take that cash to buy a three-piece suit at a department store.
About one hundred sixty years ago you could take an ounce of gold and buy a horse which was twenty dollars back then, and now you can still do the same, that is take an ounce of gold and take that money to buy that horse today at just about twelve hundred dollars in US currency.
A lot of investors favor gold because of it’s market characteristics. Now, besides just being an investment metal, gold is also popular of course in the use of jewellery.
It’s also use an alternative medicine, electronics and the dental industry.
But because of the price increase of gold in recent years there are many many substitutes that are coming about to replace it because it’s becoming unaffordable for many companies to use gold.
Now, if you’re looking at getting into investing in gold if you’re just starting one a recommendation that I have is to start with government issued bullion coins, which is pretty much what I have at the moment.
The reason for that is that it’s the most recognizable and sought after option and the purity of these coins are guaranteed by the government and of course you can buy through your IRA.
Now when you’re especially dealing with something so expensive I think it adds that actual peace of mind to have that guarantee vs having bullion from a private mint, which I’m not discouraging by the way, but this is kinda like a personal opinion that I have.
When you do buy gold, it’s recommended that you buy it in no larger than a one ounce coin or bullion bar.
The reason for that is gold is already about eleven hundred dollars an ounce, imagine in 10 years how expensive it’s gonna be or imagine what’s gonna happen to the price when there’s gonna be a rush of people wanting to invest in gold.
For example, back in the seventies gold was thirty five dollars and today this is eleven hundred dollars.
Now imagine what’s gonna happen to its price in let’s say 20 or 40 years from now where upon you trying to sell it, it becomes unaffordable for most people out there.
Those are some of the things that you want to take into consideration as well.
Fake Gold
Now, one other thing about gold is that back in the early days it was easier to spot fakes.
The thing about gold is that it was popular because of it’s unique density for one, but in more recent years metals such as uranium and tungsten have been discovered to have similar mass per unit volume.
But because the radioactive properties uranium, Tungsten has been the choice of counterfeiters thus far.
Some companies in China have been found to be using Tungsten to make imitation gold. It is however, still pretty rare to encounter a fake but it’s good to know that it is out there.
The density of gold is 19.3 grams per cubic centimeter versus a 19.25 grams for tungsten, giving the two metals a very similar feel and its almost impossible to detect despite weighing the two in your hand.
Do Not Buy From Individuals
If you lack experience of buying gold, a good suggestion here would be to buy from a reputable coin store or online company rather than from other individuals.
A good company that I highly recommend here is Regal Assets.
Once you do feel more comfortable in dealing with gold of course you can find some of the best deals through other private properties.
You could find some testing kits online, for example there’s a chemical testing kits and there’s other types of kits that you could find through a simple Google search.
It is easy shape that’s why gold has been so popular in the use of jewellery.
There’s many factors to consider when dealing with gold jewellery. For example, there’s jewellery that’s gold plated, and most of the jewellery out are not going to be 24 carat gold.
Basically a 10 carat is 49.7 percent gold vs a 14 carat piece being 58.5 percent gold, 18 carat being 75 percent and 24 karat being almost 100 percent, it is 99.9 percent gold.
When dealing with gold jewellery you will find some great deals from time to time because some people just wanna unload their jewellery that they bought for much cheaper but surprised that they could get so much for it now.
Regal Assets is a great way to guard yourself and get you lots of info for Free. These are good honest folks and I got in contact with them recently to get all the info and research on how to start a portfolio. VIP!!!
Do your research on how to invest in gold first and protect yourself from scams!
The post How To Invest in Gold 101 appeared first on Gold IRA Rollover Guide.
Facts:
For most of recorded history gold has been the most popular and universally accepted monetary metal. This is because it possesses such qualities such as its rarity, durability, density and a tendency not to corrode or rust.
For whatever reason human beings have always been intrigued by gold and it’s represented power status in cultures across the world.
It’s often been associated with royalty and long-established reputation as a symbol of wealth.
Gold is a very scarce metal. Roughly 2500 metric tons are mine in the world every year and currently the global demand is increasing at a pretty rapid pace.
Right now it’s about four thousand metric tons per year, which indicates an upcoming shortage in gold. You can then appreciate how eazy it was to learn how to invest in gold without having to go to some college.
An interesting fact:
Just to get an idea of gold’s scarcity, if you were to take all the gold that’s on this planet today, it will only show up four olympic-sized swimming pools.
There is a finite amount of this stuff on the earth’s surface, so as the global population grows, the available amount f gold per person is going to continue to decrease.
At the moment it is a third of an ounce of gold available for every person in the world.
In times of financial crisis gold is considered a safe haven and has proved to be an excellent preserver of wealth.
Currencies have been devalued throughout history and disappeared but gold is always consistently held its value.
For example you may have probably heard about this before but back in the ancient Rome a man could get a suit of armor for one ounce of gold and today you could take an ounce of gold, sell it and take that cash to buy a three-piece suit at a department store.
About one hundred sixty years ago you could take an ounce of gold and buy a horse which was twenty dollars back then, and now you can still do the same, that is take an ounce of gold and take that money to buy that horse today at just about twelve hundred dollars in US currency.
The Spot Price of Gold
The good thing about gold is that it’s not as volatile as some other metals like silver, platinum and palladium.A lot of investors favor gold because of it’s market characteristics. Now, besides just being an investment metal, gold is also popular of course in the use of jewellery.
It’s also use an alternative medicine, electronics and the dental industry.
But because of the price increase of gold in recent years there are many many substitutes that are coming about to replace it because it’s becoming unaffordable for many companies to use gold.
Now, if you’re looking at getting into investing in gold if you’re just starting one a recommendation that I have is to start with government issued bullion coins, which is pretty much what I have at the moment.
The reason for that is that it’s the most recognizable and sought after option and the purity of these coins are guaranteed by the government and of course you can buy through your IRA.
Now when you’re especially dealing with something so expensive I think it adds that actual peace of mind to have that guarantee vs having bullion from a private mint, which I’m not discouraging by the way, but this is kinda like a personal opinion that I have.
When you do buy gold, it’s recommended that you buy it in no larger than a one ounce coin or bullion bar.
The reason for that is gold is already about eleven hundred dollars an ounce, imagine in 10 years how expensive it’s gonna be or imagine what’s gonna happen to the price when there’s gonna be a rush of people wanting to invest in gold.
For example, back in the seventies gold was thirty five dollars and today this is eleven hundred dollars.
Now imagine what’s gonna happen to its price in let’s say 20 or 40 years from now where upon you trying to sell it, it becomes unaffordable for most people out there.
Those are some of the things that you want to take into consideration as well.
Fake Gold
Now, one other thing about gold is that back in the early days it was easier to spot fakes.
The thing about gold is that it was popular because of it’s unique density for one, but in more recent years metals such as uranium and tungsten have been discovered to have similar mass per unit volume.
But because the radioactive properties uranium, Tungsten has been the choice of counterfeiters thus far.
Some companies in China have been found to be using Tungsten to make imitation gold. It is however, still pretty rare to encounter a fake but it’s good to know that it is out there.
The density of gold is 19.3 grams per cubic centimeter versus a 19.25 grams for tungsten, giving the two metals a very similar feel and its almost impossible to detect despite weighing the two in your hand.
Do Not Buy From Individuals
If you lack experience of buying gold, a good suggestion here would be to buy from a reputable coin store or online company rather than from other individuals.
A good company that I highly recommend here is Regal Assets.
Once you do feel more comfortable in dealing with gold of course you can find some of the best deals through other private properties.
You could find some testing kits online, for example there’s a chemical testing kits and there’s other types of kits that you could find through a simple Google search.
How To Invest In Gold Jewelry
One of the things that makes gold jewellery so attractive is that it doesn’t leave residue on the skin and it’s easy to work with.It is easy shape that’s why gold has been so popular in the use of jewellery.
There’s many factors to consider when dealing with gold jewellery. For example, there’s jewellery that’s gold plated, and most of the jewellery out are not going to be 24 carat gold.
Basically a 10 carat is 49.7 percent gold vs a 14 carat piece being 58.5 percent gold, 18 carat being 75 percent and 24 karat being almost 100 percent, it is 99.9 percent gold.
When dealing with gold jewellery you will find some great deals from time to time because some people just wanna unload their jewellery that they bought for much cheaper but surprised that they could get so much for it now.
Regal Assets is a great way to guard yourself and get you lots of info for Free. These are good honest folks and I got in contact with them recently to get all the info and research on how to start a portfolio. VIP!!!
Do your research on how to invest in gold first and protect yourself from scams!
The post How To Invest in Gold 101 appeared first on Gold IRA Rollover Guide.
