Wednesday, June 13, 2012

Purchasing Gold And Gold Bullion In Today's Precious Metals Market

By Javier Kinman


Gold has certainly resurfaced on the investment radar. After being down in the doldrums for 20 years since the 1980s, prices began climbing in 2001. From a low of $255, it rose by double-digits percentages (actually a great 18.8 percent per annum) every year since.

It broke the $1,000 mark for the very first time in March 2008, slipped below that for a few months, and then resumed its rise. At the point in writing, the cost is hovering at the $1,350 mark, just below the all time high of $1,368 reached on october 13, 2010. This made gold among the best (if not the best) performing investment in the past nine years, beating stocks, real estate, bonds and other commodities.

This being the case, I assume the question is then: "Should you own gold?" The overwhelming answer is yes.

If you already have gold , good; step out there and buy some more! If you have not done so yet, then it's time to begin buying some! There - the answer can't be more straightforward than that!

At the same time, this is where things get a little exciting. Yes, you should own gold and you could make serious cash from it .

However, the traps in gold are as wide and deep as the mines themselves! If you chose improperly, you could actually lose money even when the price of gold is climbing. Anything that gives a chance to create lots of cash also comes with the opportunity to lose lots of cash!

Next, I can also attest that you will be getting conflicting suggestions with regards to gold. Very first, there are few gold specialists which signifies that most individual know very little regarding it.

Next, some people will tell you to purchase gold in "X" form and avoid the others. It's very likely that these individuals are selling "X". Many others, including financial planners and wealth consultants, will give you a hundred reasons and may even provide facts and figures to show why you should not purchase gold.

The purpose is simple: if you purchase gold, they obtain nothing! Further more, it will mean less cash for you to acquire whatever they are selling.

Moreover, unlike the old days when the choices were limited with regards to gold, these days, there are a large number of choices. These involve collector coins, commemorative coins, ETFs, shares of mining or trading businesses, certificates, pools, Gold savings accounts, futures, options, Structured Notes and even electronic digital gold!




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