Are you one of the people wondering is gold a good investment right now?
If so then this is the perfect article for you because I’m going to figuratively crack this nut wide open so we can take a good look inside the gold and precious metals market right now.
So sit back, relax and take everything in so you can get a good grasp of what is going on with gold at this time.
Do you have any idea why the price of gold has been going up for about 11 or 12 years at this point?
Do you know why gold has gone up in price at staggering percentages since the recession started in 2008?
The reason for both of these incidents where gold rose in value is because of the economic troubles in the world and the United States economy.
Plus, it’s happening particularly because the Federal Reserve continues to print more and more money which is bringing about more and more inflation.
The US economy is in a lot of trouble right now and the only way that we are “technically” keeping ourselves going is through the Federal Reserve constantly firing up the printing presses to put more US dollars into the machine.
But the more US dollars you have in the economic machine, the less those US dollars are actually worth.
This is what constitutes inflation and this is the reason why the US dollar is literally worth 98% last than it once was back in the early 1900s.
The US dollar has lost almost 100% of its value since we’ve come off the gold standard and it’s only going to continue to get worse.
So if you ever want to have any chance at salvaging your financial worth then you need to begin turning those dollar bills into gold bars and gold coins as soon as you can.
The US dollar is on a downward spiral that it isn’t going to be coming out of anytime soon, so you need to invest in gold to protect yourself from some very nasty things that are about to happen.
Is gold a good investment right now? Absolutely.
It’s probably the only true safe investment you can make at this point in time.
I highly recommend you invest in as much gold as you can to protect yourself from the ailing US dollar and the ailing world economy.
Is gold a good investment for the long term? This is a question that I often get asked by people who are interested in investing in this commodity but don’t really have a good idea of what it’s all about and how this particular market works. If you happen to be one of those people then don’t worry because I’m about to lay it out for you straight right now so that you get a good idea of where the gold market is going to be headed for the long-term.
So what exactly is the long-term prospects for investing in gold? I personally believe that the bull market in precious metals is only about halfway done at this point in the year 2012. So you’re going to get another solid 10 or 11 years of rising gold prices as the world and national economy correct themselves.
Right now the United States of America and many other big countries are in a lot of trouble financially due to overspending and poor budgetary planning. This affects the overall value of the US dollar and unfortunately it affected it very negatively to the point where your money is worth a lot less than it really should be.
Many smart investors often decide to take a lot of their wealth out of the US dollar and put it into gold and other precious metals when this type of opportunity presents itself. Because the value of gold does not seem to really disappear the way that the value of paper money does at times, so it’s always a good time to buy gold when your currency is struggling and inflation seems like it’s going to continue to loom its ugly head.
If you think that the financial crisis is going to correct itself a very soon then you should probably stay away from gold at this point in time. But if you think like me and you believe that our financial troubles are nowhere near over then you should invest in gold and buy as much as you can because the opportunity is ripe for the picking and the price of gold is going to go up a lot during this time.
So, getting back to the question is gold a good investment to hold for the long-term? It absolutely is in my opinion and if you agree with me then you should start investing in gold yourself because it’s going to be worth a lot more money for you at some point down the line.
If you truly want to know is gold a good investment during times of inflation then you must please continue to read this article so that you can get a good idea of what’s going on with this topic. I’m going to break it down as best I can so that you can see whether or not gold is a good investment to get into when inflation is at its worst. So let’s take a much closer look at this topic right now so that you can get a good understanding of everything that’s going on.
The one thing I really need you to think about right now is what has been happening to the price of gold once the recession really started to kick in. Do you remember when the Federal Reserve started printing money left and right so that they can loan it to the banks and the Tarp funds and things like that? The cost of gold began to skyrocket and literally went up about $1000 an ounce from 2008 to about 2011. It has corrected itself a bit since then but this price has gone up quite a bit over the last four or five years.
So what does this tell us about investing in gold during inflationary times? This alone tells us that it is a really good idea to own as much gold as possible when inflation is at its peak. But you obviously want to buy the gold right when inflation is about to hit because that’s when the value of this commodity is going to continue to rise as more and more money gets printed and put into circulation.
The one thing you definitely need to know is that all of the major investment firms and hedge funds invest heavily in gold and other precious metals when inflation is high. They do this in order to protect their investments specifically against inflation since their investments will become less valuable during this time.
We are currently in a period of inflation that by the looks of things is only going to continue to get worse. Even though the cost of gold has risen quite a bit I still believe that it’s a very safe investment choice right now. When people ask me is gold a good investment, I can only comment by telling them a resounding yes!