To secure future better and brighter for you and your children, you have to invest in one thing or the other. Since time in memorial, one of the best and popular investments one can make is gold. Of all the other precious metals and even the currency itself, gold provides a cushion that one can fall back on in times of crisis. The best thing is that with technology comes an easier way to learn and keep up with the gold prices.
Advantages of Gold as an Investment
Every sane investment has pros and cons, but personally I think in Gold you will find that the risks are fairly low. To begin with, this is a long term investment as gold in itself is timeless and its demand is actually higher than the world’s supply. This assures you that there will always be a market for your gold products. This metal is also malleable making it easy to be sold and transformed into various forms. Gold is also considered indestructible and can be easily transformed from one place to the other. Unlike all the other investments that depreciate with age, gold actually does the opposite and appreciates as it gets older. Finally and best of all gold can be used as a currency against which the value of other objects can be assessed , this means that even in time of inflation gold will still maintain its value.
How to invest in Gold
Now that the importance of a gold investment has been established, next I’ll walk to you through the simple steps that you need in order to become a gold investor. As earlier said, one of the best ways to learn about the market trends for this valued commodity is by going through the top 10 gold stocks lists that are published yearly. For instance in the year 2012, the gold crisis in Europe and the strength of the US dollar the chairman of the gold royalty company targeted the price of gold to be a little over $1,500 to $1,700 per ounce. At the same time another gold enthusiast Jim Sinclair values this precious commodity at $1,700 to $2,100 per ounce in 2012. This list will therefore give you a sense of what to expect when it comes to the buying and selling of gold.
The list of gold stocks will also educate you more on buying the purest nuggets of gold. This also includes how to buy gold in its cheapest form and add its value by making it pure and it into more marketable forms such as jewelry. This list is compiled by gold stock analysts that follow gold prices very keenly.
Contrary to the belief that gold investment is only let to the rich, I believe it’s all about knowing which strings to pull and how. After you are able to save up and buy your first few ounces of gold, you can take time to watch the market and sell when the prices of gold hit the roof. This way you will make up more capital that will enable you to build up more capital to make even bigger investment. With proper research, you will be able to take up a loan and build a better and brighter future with gold investments.
Here is my list of gold stocks that you must own in 2013
Barrick Gold (ABX)
Compañia de Minas Beunaventura(BVN)