Invest In Gold And Make Some Real Money

This is a difficult time for everybody. The US financial debacle in the late 2008 has put everybody’s financial holding on a shaky footing. Some of my sister’s friends and co-workers lost 30%+ of their mutual fund value.

Some lost their homes. Our home in Boynton Beach also lost its market value. Luckily, we had paid its mortgages off many years back. To me real estate investment is still viable even in this hard time. However, one needs to be more cautious.

So, let’s come to our topic, Invest in God; for you who is ready to see how many ways to invest in gold safely. Or contiue on to see more insights and a review of the ebook at the bottom.

I put up this website in 2007, suggesting to Baby Boomer to start a program to earn some additional income on their own, and not depending too much on the Government or their current employer. As you have seen, working for a firm for thirty years could be a big risk; many had their rug pulled from under them during such crisis, with few safety nets to catch them.

Some statistics;

Boomer average retirement saving is $38,000 to $88,000 excluding pension, home, Social Security. Need $800,000 to be comfortable for retirement.
Boomer age 55 to 64 spends $3,262 on medical expense annually.
26% of Boomer are caring for their parents and some also caring for their children at the same time.

As you can see Boomer needs to be more active now in order to be comfortable when he is ready to retire.

Time and time again for thousands of years, gold has remained a precious metal as well as monetary instrument all over the world. From ancient Roman gold coin to the ancient Chinese’s hat shape gold coin, they are more valuable today than before.

A replica of these old Chinese gold coins is still available today. Since the day these coins were minted, they have not lost their values.

Current value of gold does fluctuate, so are these coins, but if you look at a time line versus value of these instruments, it has always pointing up on the average. This is not an absolute guarantee that gold will perform well in the future. There are risks associate will all types of investment.

In my lifetime, when I was 10, I remember an ounce of gold was about $12. And that was 45 odd years ago. The price of an ounce of gold today is about $1300+. Do you see any monetary instrument that has such a reliable upward record ? The exception is of course all the valuable collectables such as arts, other precious stones, one of a kind item. But these items are extremely expensive for most people to collect as well as dispose off.

Gold Instruments have been relatively easy to find and buy, and readily disposed off in many countries.

Imagine, if you had a collection of Krugerrand gold coins today, you would be sitting pretty comfortable. And if you have a collection of those ancient Roman gold coins, you would be ten times as happy. And don't forget the good old American Eagle gold coins; they have made some good gain.

Let’s put my money where my mouth is, I really started to invest in gold in 2005, when I bought a gold band(24 karat) for a wrist watch. It was about 2 ounces. It was a beautiful piece, especially when I bought it using a credit card. It took me a few months to pay it all back, but it was well worth it.

Today, for that 2 ounces of gold band, the price has risen about 70%. So that is not bad. Today whenever, I have some changes I buy gold, sought of dollar cost averaging of gold.

Gold bullion or gold nugget is also popular today. A 15 grams gold nugget today cost about $600 and they can be sold easily with a small transaction fee.

So when you average them out you still come out ahead. And you have a good feel that 10 to 20 years from now, it still worth having. Secondly, you don't have to wait 10 years to see gold appreciation, today gold seems to move up nicely every few months. And the trend continues. However, there is no guarantee.

Even at today high price, I still buy when I have some changes. The price of gold is going up, while the US dollar is fluctuating lower. This is so because of the financial crisis of 2008 had put the US Government in more debt. Corporate assets had lost 30% of its value, about 14 trillions US dollars.

So you see, it will take a while for the US dollar to strengthen. You can look at this at your level. If you have more debt than asset your financial status cannot be in a good shape, same thing with the Government.

This means gold will continue to rise consistently for the near future, before it stabilizes and rises naturally as it has been.

Although I reccommend you look at gold as a long term investment. It is not a get rich quick scheme.

So start invest in Gold in some forms that you are comfortable with.

Disclaimer: Above is for your information only. We are not financial consultants. But our views are based on actual experiences as a gold investor over time.