Gold Could Be The Right Investment In 2009
With the atrocious economy and stocks doing so poorly, one would think that the price of gold would have gone up during this time span. Usually, people buy gold as a hedge against hard times. It is seen as a sort of insurance policly as gold is the one asset that can be counted on to never go to zero. The price of gold has not gone up though which is perplexing.
What are the reasons why gold has not gone up during this time period? It might be partly because many hedge fund managers have had to cash in their gold positions to pay off all the other failing investments that are in people's portfolios. Folks have been selling stocks at record paces over the last 2 years and these hedge fund managers need to get money from somewhere. This has forced them to cash in some or all of their good investments such as gold.
It is true that the price of gold has held up pretty well in this recession and so where it will go from here? The large number of new dollars the treasury is going to be pumping into the system makes you wonder whether it might be time to start getting back into gold. Everyone seems to be in line for a bailout and one wonders what whether inflation is going to be a big problem down the line.
With all the financial chaos worldwide, gold might be a smart place to put some of your money. Stocks are going up and down wildly every day and interest rates are practically at zero. Right now it seems the smart place to be is in any conservative investment and gold might be the ticket. Gold has always maintained its value over thousands of years and today in 2009 it is probably a pretty good investment. Gold is not for everyone and you should probably not put all your money in it but a portion of your assets in gold right now is probably the right thing to do.
You can be confident that the price of gold will not go to zero and you can look through history to see that this will continue to be true. Gold can always be counted on for value and it is always good to have some of your money in an asset that can be counted on. The future is unknown and these bad economic times might continue. Gold could be the right investment choice for the remainder of 2009. - 23218
What are the reasons why gold has not gone up during this time period? It might be partly because many hedge fund managers have had to cash in their gold positions to pay off all the other failing investments that are in people's portfolios. Folks have been selling stocks at record paces over the last 2 years and these hedge fund managers need to get money from somewhere. This has forced them to cash in some or all of their good investments such as gold.
It is true that the price of gold has held up pretty well in this recession and so where it will go from here? The large number of new dollars the treasury is going to be pumping into the system makes you wonder whether it might be time to start getting back into gold. Everyone seems to be in line for a bailout and one wonders what whether inflation is going to be a big problem down the line.
With all the financial chaos worldwide, gold might be a smart place to put some of your money. Stocks are going up and down wildly every day and interest rates are practically at zero. Right now it seems the smart place to be is in any conservative investment and gold might be the ticket. Gold has always maintained its value over thousands of years and today in 2009 it is probably a pretty good investment. Gold is not for everyone and you should probably not put all your money in it but a portion of your assets in gold right now is probably the right thing to do.
You can be confident that the price of gold will not go to zero and you can look through history to see that this will continue to be true. Gold can always be counted on for value and it is always good to have some of your money in an asset that can be counted on. The future is unknown and these bad economic times might continue. Gold could be the right investment choice for the remainder of 2009. - 23218
About the Author:
Are you interested in finding out the price of gold over time? If so, please visit my website Current Price Of Gold.
posted by X - Men @ 4:27 AM
0 Comments
0 Comments:
Post a Comment
Subscribe to Post Comments [Atom]
<< Home