What Not to Believe About Investing in Gold
For most of recorded history, virtually every civilization on the planet has appreciated the value of gold. Used as a currency in places as diverse as Egypt, France and the United States, its rarity has long tied gold to incredible monetary worth.
Today, although gold is still highly valued, many investors aren’t sure where to start or how best to take advantage of gold’s worth.
Part of the problem is the number of prevalent myths surrounding the idea of investing in gold. Break through these misconceptions and learn the truth behind one of the world’s most precious metals.
Storage Issues Make Gold a Risky Investment: False!
One of the first things uninformed investors think about when considering gold investments is how they will store what they purchase. Of course, buying a lot of gold bars and then storing them in your closet is certainly not recommended; fortunately there are a variety of safer options available to investors.
Secure storage facilities offer a place for you to keep gold bars or coins, but you can also invest in gold stocks around the world. You won’t physically hold the gold, but you will have control over its value and can liquidate your holdings easily should it be necessary.
Investing in Gold is Only for Conspiracy Theorists: False!
Some of the most vocal supporters of buying gold bullion are those concerned with a total collapse of the global market or even anarchy replacing modern government. However, the voices of these few certainly shouldn’t distract from the incredible potential that investing in gold can bring.
It won’t take a collapse of government to make gold a solid choice for those who want to create an estate to leave behind for family or for those who want an investment that isn’t tied to a single currency.
Buying Gold is Illegal or Frowned Upon: False!
A growing myth is that governments, and in particular the government of the United States, discourages the purchase of gold. The reality could not be further from the truth. While the federal government works hard to insure and protect money stored in banks, it is the right of any individual to spend or save their money however they see fit.
If investing in gold provides you with peace of mind, a financial safety net and the potential for long-term growth decades into the future, then forget about false perception and take the plunge into precious metals.
Gold is Financially Out of Reach For Most People: False!
If you think that investing in gold is only something that multimillionaires can do, then you have been led astray. Almost anyone can invest in gold, and budget should not be a limiting factor. You might choose a smaller amount of gold, or you might choose to add gold to the investments held within your mutual fund: the choice is yours. Whatever type of investment you choose, know that gold is a secure option that is definitely not limited to the top one percent of the richest people in the world.
Getting the truth behind these myths can reveal just how appealing investing in gold can be to individuals of any net worth from around the world.