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My Very Own Own Encounter With Precious Metals Investment

By Allie Auslander

I must confess I hopped on the gold band wagon rather late. I wished I’d done it long ago. When I heard referrals to purchase gold, I usually say “I can’t afford it”. The reality is I could have afforded it back then, even on my salary.

Now, I earn more money and truly can’t afford gold. I have dedicated to buying a little every month anyway. Some gold is much better than nothing. Over the long run, the monthly additions will add up.

I still put investment money into stocks. When stocks are making cash I’ll keep doing that, but when they are losing money, I escape until they are making money again. I hold money until a bull market returns, then I have the money to purchase near the bottom, when stocks are inexpensive.

When I put my cash into gold, I do not feel the loss if the cost lowers, since I still have the gold I bought. I enjoy owning the coins I purchase and know that they’re an asset in the future. I do know I can sell them (I think) once the time is right, to make money.

When I was a teen during the 1970′s gold was $35 an ounce, where it absolutely was since the 1930′s. I had no incentive to buy, even if I can afford it, because it didn’t go up in worth. That is still accurate today. Gold doesn’t go up in worth. It holds its value while our government devalues our money.

In the 1990′s when gold was $300 an ounce and that I was earning much less income than I am now, I saved $300 per month. Whenever a friend suggested purchasing gold at that time, my response was “I can’t afford it”.

Now, with gold ranging in cost from $1600 to $1800 an ounce, I am certain I should be buying all I can get prior to the cost rises more. I am not in the financial position to buy an ounce of gold each month, so I have made the commitment to purchase fractional denominations. In hind sight, obviously I wish I’d been smart enough to start purchasing gold years ago. I’d be prosperous right now.

During the last 40 years, gold has held its value better than silver. Gold has had a steady rise in value, due to fiat money printing since the U.S. stopped the gold standard in 1971. In the long run, gold continues to raise in value as opposed to dollar.

If you wish to learn more approaches to begin buying gold, be sure to visit this site below: gold ira investments.

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Article Citation
MLA Style Citation:
Auslander, Allie "My Very Own Own Encounter With Precious Metals Investment." My Very Own Own Encounter With Precious Metals Investment. 17 Oct. 2012. uberarticles.com. 6 Jun 2017 <http://uberarticles.com/finance/investments/my-very-own-own-encounter-with-precious-metals-investment/>.

APA Style Citation:
Auslander, A (2012, October 17). My Very Own Own Encounter With Precious Metals Investment. Retrieved June 6, 2017, from http://uberarticles.com/finance/investments/my-very-own-own-encounter-with-precious-metals-investment/

Chicago Style Citation:
Auslander, Allie "My Very Own Own Encounter With Precious Metals Investment" uberarticles.com. http://uberarticles.com/finance/investments/my-very-own-own-encounter-with-precious-metals-investment/


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