Are you afraid of investing in stocks and mutual funds when the world economy is still struggling to get better? If we think about investing in CDs and fixed deposits to make it secure, the decreasing interest rate offered by banks are not very encouraging. In some parts of the world, for example in India, people have a tendency of buying gold as a part of their long term investment plans. This article will help you to understand how fast you can grow your money by investing in gold.
Have you ever given in-depth thought to the increase in the price of gold globally? If you look at the analysis done for the past 10 years, you will be surprised to find that the price of gold has greatly increased. In 2001 it was as low as US$ 255.95 per ounce, and now, in 2010, the price of gold is US$ 1217.40. Investing in gold also provides long term capital gain to buyers.
Gold bar, also known as gold brick, is classified into two categories: ‘minted’ and ‘casted’, depending on the method in which it was processed. Mitsubishi Materials Corporation manufactured the world’s largest gold bar, that weighed around 250 kg. Investing in a gold bar also gives the buyer great purchasing power.
Since we are in an era of declining monetary value, investing in gold coins is the best option to protect your wealth. The best part of a gold coin is its 24k value, whereas buying gold in jewelry form may not have this advantage. If you watch the market closely, millions of dollar transactions are made on gold coins. You can also get gold coins with designs such as the Canada maple leaf, religious signs, and sculptures of gods from different cultures.
Be it a long term or a short term investment, there are chances with other investment options that can lead to ‘capital loss’. Gold is the only investment mode that is going to keep your money growing and secure. Investing in gold will surely protect your wealth, and is a well accepted option globally, providing potential profits at all times.
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