Investing in gold and silver in 2013 will possibly be 1 of the smartest idea you make this year. The global recession and GFC has caused many firms and livelihoods to collapse. Todays markets are
completely over the place, and the craziness of the stock markets is causing stupidity around the world.
Long term investing methods in gold, silver, platinum and palladium are a very smart way to retire for the future. Take alook at currency values today.
Today see how gold risen in the last few years. Since the gold standard was abolished in 1971, gold and silver has has risen greatly and has as a matter of fact beat all other investor areas such as the share market, property, and the currency sectors. The live gold price always is out performing most of the staple investment methods.
Buying gold is a good idea for your future investment and retirement, however there are a few factors you require to know about the live gold price and how you will loose money even if the precious metal value thrives.
When you purchase from gold brokers, there will be further fees and charges that will increase the rate of purchasing gold. The gold rate at the time isn't a great prediction of the overall charges.
In the end, you are not David Einhorn who has unlimited resources to decide and then acquire billions of dollars worth of gold.
Let us view an example. You've done all of your research and have decided you'd desire to purchase a little gold at the market rate - let's say it's at seventeen hundred and fifty dollars.
It all looked great and you go to one of the top gold brokers such as a mint because they are popular and prove. As you stack your order for your pile of gold however, you rapidly realise you do not have enough cash. Gold is normally measured as gold rate per gram. This happens due to the extra charges and fees. They do afterall have a company to maintain.
There are other ways to acquire gold as smaller quantities and not have to incur higher fees. Organisations like Johnson Matthey and Credit Suisse make it easier to trade precious metals in smaller quantities ensuring you don't need to purchase gold bars.
As well as the extra fees, the price of the US bullion, and gold coins can be devalued when damaged in transport and in storage. It's always a great idea to do research on your desired gold trader before entering in any contract, and research other dealings with that particular precious metals buyer. More information here: live gold price