subject: Buying Gold As Investment What The Experts Say? [print this page] What would be the percentage in the total world population of people, who are financial experts? Its anybodys guess. The majority of the population totaling 98.73% is common people. They do not have expertise in financial matters. The residual few are considered as Experts, conversant by their qualification in analyzing Finance Management, as a subject. Others look forward to this experts opinion with confidence, whenever they encounter problems in handling their personal financial plans. Investment of money for the future commitments, and getting it back with value added is one such eventuality.
When you have spare money for putting aside, in some safe and sound investment channel, first of all you use your own prudence. Only when youre not clear about the possible growth or Return on Investment, you tend to consult an Independent Financial Adviser. But most of the time, you depend upon your inner voice to make a prudent decision, or at best emulate your friends and relatives, who are fore-runners in this regard.
Fact is many people do not consider Buying Gold not in the form of jewellery which is usual for any family in the form of Gold Bars and Gold Coins, as a regular form of investment. Out of the many reasons preventing them from doing so - like ignorance that Gold is available in such forms, its easy availability online, hesitation in deviating from the age-old practices etc. - the predominant reason is they virtually under-estimate the importance of Gold.
It is here you should watch what the Financial Experts say about Gold, as excellent investment. They adduce reason after reason, why Gold should get your priority preference. According to these experts Gold can never be devalued by Governments; they cant print Gold like currencies; it is constant and eternal by its solidity; for generations Gold has been a valid exchange for money in all countries.
The excavation and purification of Gold is far less to meet the growing demand. Therefore it becomes precious and Governments and Central Banks are Buying Gold in solid Gold Bars paying Cash for Gold, in their currencies to stabilize the value of their economy. An American Financial Expert has given an interesting equation.
Supposing US wants to pay off their external debts to other countries (about $5 trillion), by selling their Gold holdings of estimated 261 million ounces, the price of Gold per ounce would have to be some $19,000. But the price of Gold in UK as of today is 1,582.00 per ounce. So you can very well see why Gold prices have been going up and up. You might have also seen from the press yourself, not long ago Gold was selling at $350 to $400 an ounce.
Further the Financial Experts assure that the Global fundamentals are right for Gold namely scarcity to meet demand; Governments Buy Gold hectically in European and other countries; more and more people are diverting their attention in Buying Gold, as a solid investment online; and Gold has the highest liquidity, to get Cash for Gold anywhere at any time.
So there is no doubt that your investment made today by Buying Gold in solid Gold Bars and Gold Coins, to park your extra Cash for Gold will grow in value tremendously. You can go whistling happily, whenever you see the Todays Gold price on news papers!
by: bullionstore
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