“Why buy gold?” is often asked by many people. Gold plays a good part when the economy is in crisis as it does not affect the value of gold. When the price of gold is low, the economy is doing good. But when the price of gold is high, the economy is either in crisis or inflation.
My Uncle had bought gold before. When the buying gold price got very high, he sold his gold in exchange for cash because he also needed cash at that time in order to pay for his debts. That is why he believes that gold is very useful.
Some people invest on gold, because they believe that it can bring them more wealth. Some people prefers to hold on to gold because they believe that it is the only good thing to have in this unstable world of ours. On my opinion, it doesn’t really matter whether you buy and sell gold. It is much more important to educate yourself about the strengths and weaknesses of gold to guide us on how and when to buy and sell gold. If you are going to buy actual gold, be sure that you are buying from a reputable dealer especially if you are going to buy online. The website must contain the history of their company, testimonials, and the company’s contact numbers. You can also check spot gold price charts on their website.
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Tuesday at 9:07 am
Hi Mizuki! Found this website through candylicious
Indeed, I consider gold as an investment and have already put some money into buying a few choice pieces. In case of a financial emergency, gold is quite liquid and easy to cash out via the pawn shops.
1:19 am on 7/18/10