- Politics and Social Issues
For the Gold
Suzie Orman on Investing for the Future
"Choose to invest in ETFs of Gold rather than Gold itself." *
I (Guru-C) have never been all about the gold. If anything, I've always had a phobia of expensive jewelry out of fear I will lose it on a soccer field somewhere which happened to the beautiful gold and pearl earrings my aunt Regina gave me when I was a senior in high school. But gold is of utmost importance in my mind at the moment, concerned about the future of the economy and of the world. A sound investment at any time, really, it's never been more... well golden... than it is now. I glance at my withered 401-k and I keep wondering if now is the time to buy. Put something shiny in front of me and I'll think my retirement fund can wait. Never have gold numismatics looked more interesting to me.
Now if you navigated to this page because you're a collector of gold, may I offer you a glass of champagne, sir or madam? Stay, please, because offers abound and all you need to do is authenticate your findings.
Back to the world:
Yesterday, my sweet husband Ronald who is definitely worth his weight in gold, showed me a video of this crazy, doomsday journalist whose name I will not allow on my page, declaring that the dollar is nearly defunct. The ranter is professing a conspiracy theory that soon, the U.S., Mexico and Canada will be one and that all three will share a currency called the "Amero". I declared, "Anyone can mint a coin and put a video on YouTube"... and started muttering about the ancient Greek playwright of the Illyad and Odyssey, Homero, to which Ronald retorted, "Yes, Amero Simpson."
Now, being of Mexican descent myself, I wonder, what that's going to do to El Paso and Laredo, favorite shopping destinations when I lived in Mexico City. No, it doesn't make me want to go over Niagara Falls in a barrel, though. Mainly, I doubt that's ever going to happen.
I told Ronald, that guy makes it sound like the United States has no intrinsic value, no value beyond its currency and its markets. What about the Rocky Mountains and the Grand Canyon and New York City? What about the World Series and the Super Bowl? What about our strategic position on the Bering Straits?
So there you are, we're not taking too much too seriously until bang, we're in trouble... No, that's not what I'm thinking. But there could be a run and what do you think that will do for the price of gold?
You never know what tomorrow will bring, so enjoy today! Go for the gold. Place your bids on a wonderful future. And yes, I would love for you to bid on some of the beautiful gold you'll find on auction through this page. Take your time to research and make sure you're buying something that will make you feel more luxe.
But if it's return on your investment that you're looking for, the financial expert Susie Orman stated on her show, "America's Money Class", that buying EFT's of gold is the way to go. According to the Vanguard website, EFT's are exchange-traded funds, "built like conventional mutual funds but are priced and traded throughout the day like individual stocks."
I did not know this until very recently and it's given me much to ponder about how to diversify my portfolio. For now, I just want to pay all my bills, eliminate my debt and place (hopefully), the maximum allowed amount into my individual retirement account. Should this year prove spectacular and I accomplish all the above, I just may dabble in gold EFTs...