Why You Need to Buy And Hold Gold Now
The comments below are an edited and abridged synopsis of an article by Stefan Gleason
In the current environment of rising inflation and easy monetary policies, gold could go sharply higher from recent levels.
Gold investors understand that the yellow metal is not likely to go straight up in price. It can, however, be expected to trend higher over time, moving well beyond all-time highs.
Investors, accustomed to the free-for-all that is the stock market, often find themselves asking why they ought to buy and hold gold. The savvy investor understands that you cannot afford not to own gold bullion.
There are three reasons to buy and hold physical gold: Inflation is surging; gold is more than a promise; and gold is traded and valued all over the world.
There is perhaps no other asset class that is as valued and recognized the world over as physical gold. This makes gold the only true form of money left on the planet.
Paper money has shown over and over again that it fails with the passage of time, and the US dollar will be no different. The current downtrend in America’s fiat currency points to an eventual worthless status.
Gold is a physical asset. The value of a gold bullion coin is derived almost entirely from its intrinsic metal content rather than a promise to pay or other features.
When you buy gold bullion, you know what you are getting and what it is valued at. You know that gold can be exchanged or traded anywhere in the world for other assets, paper money, or tangible goods. The gold market is liquid, making it simple and convenient to sell your gold at any time to dealers or other investors.
As the US and other developed countries enter what could prove to be a dangerous financial period, now is the time to think about your future and to protect your wealth.
Given its long history as a reliable store of value and protector of wealth, there is no better asset class to turn to than physical gold.