Gold Price History - How Gold Preserves Wealth Over Time ! Gold as money has an ancient history. The US had gold money, under the Gold Standard, until quite recently. What do you prefer to invest in? Gold or paper? This video illustrates how the gold price history in US dollars has performed over the last 100 years. It also shows in chart form how buying gold has maintained purchasing power and increased its dollar value. Buying gold for wealth preservation has been around for more than 2000 years, in most cultures around the world. Trading nations such as China and India have used this precious metal for wealth storage and trading for millennia. The use of gold as money therefore has an ancient history. Today China and India are rabid buyers of gold, even as the dollar price has sunk. Central banks have been aggressive buyers of the precious metal for much of 2013, grabbing physical gold as fast as they can get it at lower market prices. Gold has been equated with money for trade for far longer than the American Republic has existed, and price has only recently been quoted globally in US currency. Its role as gold money is therefore best considered in historical terms by purchasing power. History of the past century has shown that $20 in gold will buy far more than it the equivalent in paper money. It can be very enlightening to study a gold price chart over a long period, priced in dollars. the chart will no doubt illustrate to you the wisdom of investing in the worlds favorite metal over the long term. While the price can and does fluctuate under many influences, the underlying trend overall has been positive for the metal. History is in your favor if you purchase gold, and the keen global demand supports history at the present time. If you decide that real gold and silver should be a part of your investing strategy, you need to know where to buy gold bars and coins, online or offline. Buying gold bars online is possible but it is best to deal with properly authorized dealers who have a good track record. An A+ BBB rating for example. You need the quickest possible delivery of the physical gold and or knowledge of where and how to store it safely. But be prepared to see the price go down as well up. It is best not to let the price chart spoil your day. It is not for short term trading within your fund, but for longer term dollar price growth and underlying stability. Always remember that history tells us that whatever the price, the purchasing power will be maintained or increased. If you have an IRA then it is possible to have gold in your retirement portfolio. A gold IRA, or precious metal IRA, allows for an investment in physical gold in the form of certain coins and gold bullion. The fineness required for bars and rounds are Gold .995+,Silver. 999+,Platinum .9995+,Palladium .9995+. Those allowed include American Eagle gold coins, Australian Kangaroo/Nugget gold coin, Austrian Philharmonic gold coin, Canadian Maple Leaf . If you are saving for a pension fund over a long period of time, the strong price history of gold can make a strong backbone for your savings for your old age. Checking the chart each day is fine out of interest, but investing in gold is not suited to knee jerk reactions when the price falls.
Posted on: Fri, 14 Nov 2014 15:56:17 +0000
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