Are you a big investor? Maybe you’re just a casual investor that has their retirement fund being invested in the market with a broker. Either way, you’ve probably heard of the idea of investing in gold. It’s a very popular option with many investors and retirees. But no one really knows whether its a good idea or not.
Some speculate that it’s actually the best idea for your money – especially if you’re trying to protect your wealth. Did you know that a loaf of bread costs the same in gold as it did a hundred years ago? But it costs a whollllee lot more in terms of dollars. Yup – the same amount of gold and hundreds of times more in dollars.
That’s because of inflation. The value of our money/currency has been declining in value all throughout history. That’s because when the Federal Reserve prints money and puts more dollars into circulation the value of a single one of those dollars drops. It’s all about supply and demand.
But with gold, there is only a finite amount of it in the world. Once it’s all been mined, there’s no more to be found. So the value of gold stays constant throughout history.
Of course, the story of gold and it’s popularity as an investment tool is much more complicated and nuanced than that. But we’re not trying to get into a whole huge economics lesson in this blog post. We just want to shed a little bit of light on why people favor putting money into gold, rather than other investing options.
There are a lot of ways to actually invest in gold, the most obvious being buying gold bullion or gold coins through a reputable website/firm. If you’d like to learn more about one of these companies read a review like the one right here. But you can also choose to invest in the stocks of gold companies. There are also a few other options for the average investor, just speak to your broker or financial advisor.
In today’s uncertain times, it’s always good to learn more about different options that may protect you and your family. Speak to a qualified financial advisor today to learn more. Oh, not us – we’re not financial analysts or advisors, and this isn’t financial advice. Speak to someone qualified!