Buy Gold And Silver – 10 Reasons You Should Be Buying Gold
In his bestselling book “Rich Dad’s Guide to Investing in Gold and Silver”, gold expert Michael Maloney mentioned 10 reasons to buy gold and silver. They are:
10 Reasons You Should Buy Gold And Silver
1. For 5000 years, gold and silver have been the only assets that have never failed. Because they are tangible assets of inherent value, their purchasing power will never fall to zero.
2. They are financial assets with real tangible value that can be fully private and not part of the financial system.
3. They are one of the few financial assets that are not simultaneously somebody’s liability. For example, stocks, bonds and derivatives like futures and ETFs are dependent on the performance of the issuer.
4. If you buy gold and silver in physically form, they can be wholly owned, unlike many other financial assets.
5. They are safe-haven investments that rise during economic upheavals, time of uncertainty, war, terrorism and natural disaster.
6. They have proven track record of performing well in inflationary or deflationary environment.
7. They have high value density. This means that unlike other commodities like oil and copper, if you buy gold and silver even in very small amount, it can also produce significant purchasing power.
8. They have a low bid/ask spread as compared to commodities like diamonds or collector coins, which can have 15 to 100 percent spread.
9. Every ounce has the same value. On the other hand, every diamond or collector coin is different and requires an expert to assess its value.
10. Physical gold and silver has always been money in and of themselves.
If you want to get started to start buy gold and silver, it is recommended you buy gold and silver and hold a core collection of physical gold and silver even before you diversify into mining stocks, ETFs or other gold investment or silver investment.
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