Showing posts with label bullion. Show all posts
Showing posts with label bullion. Show all posts

Friday, August 27, 2010

Silver and Gold

Wait.. don't change your channel. This is not Gospel hour on BET. Sit back, relax as i give you a different kind of sermon. You don't have to give an offering, actually, this advice will help put money your pocket!

What's there to say about gold coins, or investing in a rich commodity such as gold or silver that has not already been said? Thing is, even though pundits continue to preach the gospel about how important it is to invest in gold, consumers/investors still prefer to take their chances in the currency and stock markets. Not to say that these aren't lucrative avenues. However, has anyone heard of a little something called a recession? The fact remains that whenever a country is doing poorly economically, commodities such as gold do well.

Gold will never face inflatory challenges because ... well, its gold. You can't go out and just make more gold, it's mined in caves. It's a precious commodity. The fed cannot go and print more gold to bail out a company or boost the economy. Why not? It's gold. Therefore, if you have gold, you have something a lot of people do not have. And you have a store of value that more often than not increases in value as time goes on (Unlike cash).

People, lets get with it. Be smart, buy gold coins.

Sunday, August 15, 2010

Gold doesn't inflate

I'm in my final year of school at a prestigious university studying economics (had a minor in mathematical finance - dropped it), so you may be thinking I have a bit of "know how" and expertise when it comes to global markets, finance, the economy et cetera. Truth is, i don't. What i do know, is that the more money that is issued, the less your money is valued. Inflation is the systematic increase of prices (sometimes due to excessive money, either from printing or other activity). When inflation increases, your money has less power, your wealth is somewhat compromised. When this happens, the value of Gold SKY ROCKETS. But not just gold, other precious or semi precious metals such as silver also increase in value. Gold is a good investment because it comes from the earth, and is relatively unrenewable (like diamonds.. but thats a stretch). Therefore, because of how rare it is, its value stands to increase more than it does decrease. If you have money in the bank, (money that you can afford to gamble with), BUY GOLD. It will not let you down unlike the stock market or currency trading. Whatever you choose to invest in, silver or gold, both commodities are issues in coin or ingot, that is - silver ingots of pure bullion or gold coin