Face it, the economy stinks right now˳ There are signs of it getting better, so the analysts say, but it is still pretty bad˳ To make matters worse, our government is spending money faster than a teenage girl with her daddy’s credit card! The US national debt is at an all time high and it doesn’t look like the current administration is going to do much to curb it˳ What this ultimately means for the American people remains to be seen, but it is extremely likely that inflation will begin to rise – how can it not? Our purchasing power will diminish over the coming years, what you can buy now for $1 will cost you $1˳25 sooner than you think˳ Many people are looking for ways to hedge against the coming inflation – they buy gold coins˳ “There’s gold in them there hills” is a quote I’ve heard somewhere (probably from an old movie) and people are buying it like never before˳ When you finish reading this article you should know a little more about why buying gold is a good idea and may want to get some for yourselves˳
Gold has reached an all time high˳ Gold took a little bit of a hit this December due to more promising jobs reports than were expected, but overall the price of gold coins is soaring˳ I don’t pretend to understand exactly why that is, but I do know that when the economy is in trouble people look for the security of something they can hold (and hide)˳ While there are many signs that the economy is getting better, it is still pretty sick˳ There is also some concern that the “cure” our Government has prescribed (bailouts, massive deficit spending, borrowing money from anyone who will give it to us (aka… China))˳ I am not an economist and do not pretend to understand the complexities of world finance; but I do know if you continue to spend more than you make, eventually you have to pay the piper˳ Governments historically do this by devaluing their currency˳ Many people have heard the horror stories of Germany prior to World War II where people had to use wheelbarrows to take enough cash to the store to buy bread! There is some argument that the German government devalued their currency in order to pay the massive amount of reparations it owed after World War I˳ Germany owed more money than it could possibly repay, so it had to find a way to make ends meet˳ Sound familiar? Many people see this happening in the US in the near future, although maybe not to the same extremes˳ In fact it is already happening, the US dollar is extremely weak and isn’t likely to get much stronger anytime soon˳ So what are we to do? Many of us are doing what the Germans did and what people have done for ages; shifting assets from Government backed currency to hard assets (aka… buying gold)˳ This is why gold is at record highs˳
It is important to point out that putting all of your eggs in one basket is rarely a good idea˳ Including gold in your overall investment strategy is a very good thing to do for all the reasons I mention above˳ There are many ways to buy gold˳ You can buy actual gold bars (which is pretty darn cool…˳ the theme from the classic James Bond flick “Goldfinger” is playing in my head), you can buy gold coins, you can invest in gold mines, and you can even buy an investment product called an Exchange Traded Fund, or ETF for the acronym happy˳ ETF’s, while nowhere near as fun, are a good way to invest in gold without going through the trouble of buying safes and hiring guys with razor sharp bowler hats (another Goldfinger reference), since they essentially track the price of gold˳ However you chose to invest in gold now is the time to do it, it still has a lot of upward momentum left˳
Source by https://ezinearticles˳com/?Buy-Gold-Coins—Heres-Why&id=3449601
