Kamis, 21 April 2011

Gold Vs. The Dollar

By Jack Wogan


In times of recession like these, we all re-evaluate the importance of paper money and most of us come to think that perhaps we haven't invested enough or not in the right kind of assets. Printed money doesn't offer any financial safety. All important currencies, the US dollar, the Euro and the British pound, have disappointed over the last two years. Hence, it's not surprising to learn that the yellow metal is seen as the ultimate asset, the most dependable commodity. No matter how unstable economies are, gold lasts.

Given that gold preserves its value and its price rarely fluctuates, you may want to consider purchasing gold sovereigns besides other forms of gold. Coinage may not have the artistic component that jewelry have but their purity is truly high. Sovereigns are one of the worlds most recognizable gold coins and their design goes back to the year 1816. They have been used as crisis money for many years as they are easy to transport and offer an instantly recognizable currency worldwide.

You are entitled to wonder why you should invest in gold and not in shares or bonds. Historical data shows that gold has always been a trusted medium of exchange. No matter how unstable economies were, gold lasted. Therefore, it's not surprising to read that nowadays the yellow metal is still considered the greatest asset, the most reliable commodity. Printed money doesn't offer any security and over the past few years all important currencies, the US dollar, the Euro and the British pound, have disappointed enormously.

Coinage may not have the artistic component that jewelry have but their purity is truly high. They have been a popular technique of gold ownership ever since their creation. Sovereigns are one of the world's most recognizable gold coins and their design goes back to the year 1816. They have been used as crisis money for many years as they are easy to transport and offer an instantly recognizable currency worldwide. You may not know it but British pilots used to carry Sovereigns in their kit and apparently they still do, whenever they go on an important mission. Serious investors know that collecting such coins will bring them an income and protect their finances in times of trouble. Some collectors are aware of the long term benefits of these coins whereas others consider acquiring them a very fulfilling hobby. No matter what your position is, you need to know that Sovereign coins are extremely valuable and sought after because some of them are really unique and rare.

As you can see, gold is more popular than other commodities and for many reasons. This precious metal is the most dependable form of money in history. In the past it used to be the symbol of wealth and prosperity and it seems to bear the same connotation these days too. It's an international currency available to everyone, no matter how rich or poor they are. Therefore, in today's economic situation with the purchasing power of most currencies weakening, gold investing is the best choice. The value of the yellow metal does not diminish; on the contrary, it has a constantly rising trend.




About the Author:



Tidak ada komentar:

Posting Komentar