Gold may not be the most liquid of assets you could invest in. Lets look at it more closely. First off, where open market transactions are concerned people hardly, if ever use gold as a means for paying for goods. Those days are long gone. Now, credit/debit cards and cash are the primary means for paying for goods/services. Despite this, if you have some cash to set aside it would be wise not to keep it in a traditional savings/checking account as the fees/returns do not benefit you - the investor. Instead, something like a certificate of deposit (CD), stocks/bonds, or commodities (gold coins) would be a wiser investment.
Not only are the returns higher on gold coin investment but seeing that the economy is still going through some rough times gold is forecasted to continue increasing in value. Do not wait until the market rebounds and the US economy experiences another expansion.
Sunday, August 29, 2010
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