2012年7月26日 星期四

Back-Up Your Wealth With Gold


Gold has always been considered a safe and solid asset. Since the beginning of time, it was gold that proved to be the best instrument in ensuring a solid fortune. The amount of gold possessed was an indication of the wealth and power of its owner. Even nowadays, most of the central banks in the world choose to keep some of their reserves in gold. This way they safeguard the investments and deposits of their clients from any potentially disturbing economic or political events.

Although subject, as any other commodity, to flexible demand and supply and the speculation arising from it, gold seems to have maintained a top position. The price of the yellow metal is fixed twice a day by the London bullion market since the commission was established in 1919. Central banks are also involved in the price fixing process.

Keeping your savings in gold might seem like the best solution especially in times of social and political unrest, when all the other currencies stand to drop. Besides, it is a smart way to keep the value of your deposits safe from any variable interest rates and inflation. All this makes even more sense today, when we are facing a rather prolonged global economic crisis.

Gold can be found for sale in a wide range of forms. Many banks and various dealers supply gold coins and bars for sale. It is universally believed, however that coins are much more reliable than bars. There are plenty of fake coins on the market, but with large gold bars one runs more frequently the risk of purchasing bars without a valid certification. Another popular way of buying gold is represented by gold certificates. Gold certificates proved very successful and even circulated as money in the past. Such certificates are still being issued by banks in Germany, Switzerland and USA and provide, some might argue, a more secure way of preserving the gold reserves.

Taxation as well has helped boost the popularity of gold. In the European Union, gold seems to benefit from a rather preferential position, as a free VAT product. Consequently, it would be a very good idea to try and buy gold from a member country of the EU. You will most definitely not regret doing so.

It seems that the future of gold selling is to be sustained by the latest innovation, the so-called "Gold ATM", which supplies one-, five- and ten-gram gold bars. The first "Gold ATMs" proved highly successful, leading to a rapid expansion of the ATM network, and encouraging even more the use of gold as currency.




The most common and traditional way to Buy Gold is by investing in small bars or coins.





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