- Personal Finance»
- Investing in Stocks, Bonds, Real Estate, More
Gold For Long Term Investment
There are many types of investment. I am interesting with gold investment. My friend suggested me to invest in gold. Because he had success now, when other was sad because their money lost in stock but he can smiling. And I interview a little about gold investment to him. He said gold is a long investment. Basically the cost of living needs for goods and services increasing every year. With saving the gold mean we have to protect ourselves from the increase in goods and services. It shown as an example the exchange of gold for bank investment.
If we look at the price movement of gold, from year to year always increasing. don't expect the gold price will fall again.The decrease in selling most all-out (sell off) 30% of the highest peak a general correction 5%, down 10% if it is just temporary and it will increase again. Keep in mind that gold prices can't be broken down to zero. Try
to remember the longer you keep the gold, the gold price wouldn't be getting
cheaper, but will raise and gold is the best protectors of our economic
disease. Such as deflation
(falling goods and services due to a stronger currency), inflation (goods and services rose out of control
because of the weakening currency). Remember gold is the currency used by ancient people.
The key of successful people are those who can put aside the benefits of work and invest properly. They could maintain the glory with peaceful in life until the end of life.
My friends also told that another solution beside stocks, bonds, property, deposits, try to guy gold. This purchased in accordance with your finances, abilities, and your investment goals. Gold is the choice for investment. Know entire the world facing the global economic crisis. There is a few option for money owners. Capital markets are still volatile. as well as investments from inflation or a decline in value. Gold is not suitable for investors who have a hobby make a profit from trading. Gold investment is more suitable for long-term investors. Especially for investors who don't have enough of knowledge.
Tips investing in gold :
- Don't buy when the price bubble (overvalued), which the fluctuations price doesn't reflect the actual values.
- Don't sell the gold if we don't need the urgent funds.
- Recommended store for a long time, open for short-term trading
gold investing profits :
- Protect the assets from inflation
- Still give the profit and also growth
- Minimum risk
- Liquid (easy to sell)
The history proof that Crisis on 1970 until 1980 the gold price increase up to 2,400% in the ten years. Asia crisis on 1997 until 1998 in one years the gold price increase up to 600%. Type of gold we can invested like gold coins, gold bars, jewelry. all types have a plus and minus value. But the risk remains. The most secure, the gold is stored in a safe deposit box at a bank. almost all banks have these facilities.
I think there are many investment expert and stock trading expert as a member of Hubpages. But I hope this hub give a little benefit for us. I want hear the opinion about gold investment in US. Would you share with us?