Why buy gold?
Because.....
"Gold will be the last man standing." Richard Russell
Welcome to The Golden Sense! It would be an understatement to say that things in the world seem a little volatile. It is well known that the economy is slow and a shadow of its past. The U.S. Government is broke and in debt way beyond the capability of repayment. The European Union is broke due to their luxurious entitlement programs. The Middle East is riddled with war and turmoil (as always). All this is spreading to Asia and effecting production and the global currencies markets.
At any point in history, there have always been problems in the world. The current situation is nothing new in the grand scheme of things. All in all, this will pass and wealth creating opportunities will arise. However, we live in the present and we must act accordingly to environment we are in.
It doesn't matter whether you are 20, 30, or 70 years old; securing your financial freedom and your financial future is paramount. Today, securing financial freedom is harder than ever. Income is difficult to find. It is hard to find a good place to invest. Most people just want a place to accumulate savings without worrying about bear markets, inflation, or high fees.
Central banks and governments around the world are actively devaluing the money we use as a medium of exchange. This is a fact and a publicly stated one at that. The two ways they are doing this are as follows:
First, they are printing money for government expenses and the Federal Reserve is helping their banking affiliates clear their balance sheets of rotten investments. This creation of money devalues the currency, silently stealing the purchasing power from you and me.
Second, central banks are manipulating the interest rate market. They have set rates below inflation levels. This helps the Government borrow money and expand their spending capabilities. Unfortunately, this punishes individual savers.
The money in your individual checking accounts or saving account is losing value. You can see it by the higher prices in food, gas, cable TV, hardware supplies...etc.
Bearing this in mind it is important to protect your savings by acquiring gold. Gold is the oldest and most trusted currency in the world.
Remember the famous quote by Volatire:
"Paper money eventually returns to its intrinsic value-zero".
And Jude Wanniski once said:
"For 2,500 years the global electorate has identified gold as the most reliable standard of value- which means that gold, a specific amount of gold, is the best possible unit of account, the best proxy for all goods, services and financial assets that are involved in the banking system and exchange economy."
So the lesson to learn is to get out of paper money such as the U.S. Dollar. It is being manipulated. Help yourself become free of the crooked governments and central bankers.
It is sometimes difficult for people to understand the concept of gold. Unfortunately, most people have grown up under the fiat currency standard (a currency backed by nothing but a Government promise). Understanding the value and use that gold offers, is a huge advantage for your personal finances.
"Gold is the ultimate form of savings. When you own gold, you own the one item that has held its value over the centuries. Consider this -- of the original stocks in the D-J Industrial Average, only one, GE, is still in the Average. Corporations fail, nations fall apart, empires collapse, homes deteriorate, millionaires become destitute but gold has ALWAYS represented wealth. Throughout history, the nation or the person who owns a relatively large quantity of gold is wealthy. Period. You don't buy gold as a speculation; you buy gold to be wealthy and immune from the stupidity of greedy politicians."
"Gold exists outside of any political system. It is truly international. It has a multi-thousand year history of being valued by men. Gold is the only currency that has never been destroyed. Gold is not like an investment in Apple or Google. Gold doesn't grow like Procter and Gamble. Gold doesn't pay a dividend like Abbott Labs. Gold is a creature of savings. Gold is pure wealth. Buying and holding gold is like buying a gem-diamond or a Picasso. Gold is a form of eternal savings. On that basis, regardless of where the dollar-price of gold goes or where the yen price of gold goes, there's no need to ever sell your gold. Use gold to hold and secure your wealth. Over the decades and the centuries, gold has been the safest place to keep your wealth.. Even Picassos can go out of style. Colored diamonds are currently taking precedence over white diamonds. But gold is built into the DNA of man. In coin form, in brick form, in necklace form, in the form of Rolex watches, gold has always been a magnet for mankind." (Russell)
Newcomers to the gold market often feel intimidated because they don't know where there is a safe place to buy and sell gold. That problem no longer exists. Now, there are excellent companies that help you find the financial freedom gold offers.
BullionVault and GoldMoney are two brilliant options.
BullionVault is the largest online investment gold service. People from 122 countries use it to buy and own gold and silver. They are located in London, England. The service allows you to buy and store gold in professional vaults in London, Zurich, or New York.
Here are three reasons why BullionVault is a great choice to buy gold.
First, the storage rates at BullionVault are some of the best in the world. The management costs of the major ETF's such as GLD is as high as 0.4%, which is over 3 times higher than BullionVaults 0.12% storage rate for gold. Allocated storage at a bank would typically cost you 10 times the storage rate at BullionVault.
Second, Bullion Vault offers allocated storage. That means the gold you buy is yours and you are specifically labeled as the sole owner of the bar. This is much more desirable compared to unallocated storage. This means that the quantity of gold you own is equal to the gold stored in the vaults. It is a strict one to one ratio held in professional vaults in safe jurisdictions.
Third, BullionVault maintains the ownership records, and they publish on-line the daily register of owners. All users can see their private holding publicly listed against their alias - which of course only they know. The register's total matches the bar list total, produced independently by the vault operators, and published alongside a register. No other bullion business provides this daily and independent client-by-client proof that the right amount of bullion is in the vault.
There are many other reasons to choose BullionVault as the place to buy and store gold but these three reasons are critical and make BullionVault an excellent choice.
GoldMoney is a fantastic choice as well. GoldMoney is a profitable, privately owned company without any debt. It is located in the Isle of Jersey in the English Channel. Its financial position is sound, its books are regularly audited by a a Big Four Accounting Firm. Gold Money is very similar to BullionVault in regards to services provided. However, I see their three biggest appeals as follows:
First, you have an option of buying and storing Gold, Silver, Platinum, and Palladium. It is fantastic to have all these options available to you.
Second, you have four choices of what country you would like your precious metals professionally stored. You have a choice between Canada, UK, Switzerland, or Hong Kong.
Third, GoldMoney has four patents on a pay with gold service. GoldMoney’s founders had a clear vision that gold should once again fulfill a role as money, as it had done in the past. These patents acknowledge the work GoldMoney has put into advancing the 'prior art' of global payments. They have created an advanced and robust currency with many superior qualities compared to prevailing fiat currencies. The patents illustrate why GoldMoney is a currency that is ideally suited for electronic commerce. This could be a huge deal in future years.
GoldMoney is an amazing company with a great reputation. Their history and vision for Gold is one worth looking into.
Both BullionVault and GoldMoney provide excellent and easy access to the gold bullion market. This market is no longer difficult for individual investors to access. These companies provide a revolutionary service in a cost effective way.
Do not worry about where the price of gold is going. You buy gold to store your wealth. If anything is certain in life, it is that gold will retain its value. Gold is money, it is the ultimate currency and this is what the current trends are showing us.
So get invested, feel the freedom.
Sincerely,
T. Norman
