The Internet Makes Gold Bullion Investment Accessible
By Gold Made Simple, PRNETuesday, March 23, 2010
MANCHESTER, England, March 24, 2010 - The rise of Internet based gold exchanges such as Gold Made Simple
continues to make investing in gold bullion (www.goldmadesimple.com/)
accessible for people from all demographics.
Traditionally seen as somewhat elitist, gold investment has received more
media attention over the past 18 months as investment rocketed in the face of
weakened global currencies. The price per troy ounce of the precious metal
often runs disproportionately to the strength of the dollar. Given the global
recession that gripped the world and a crumbling US dollar over 2008 and
2009, the popularity and the price of gold as an investment soared.
Despite the formal end of the recession and slight growth in the strength
of the dollar recently, gold remains a favourite investment choice as a
result of its historical consistency. For many, the precious metal is deemed
a safer and more secure savings holding than paper currency or even property.
Online exchanges like Gold Made Simple have simplified the entire
process, made it less daunting and intimidating and have made investment
accessible for all, by offering gold in quantities catering to most budgets.
It is hoped that as the Internet continues to grow, so too will accessible
investment opportunities.
Contact: Gold Made Simple, Jason Cozens, Managing Director, +44(0)845-688-4491
Tags: England, Gold Made Simple, Manchester, March 24, United Kingdom
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April 8, 2010: 2:56 pm
Gold bullion is the way to go. I believe that there are many synthetic approaches to buying gold, where there really isn’t gold backing up the purchase. I also know that if past is prolog, the U.S. government can make it illegal to buy more gold. They can’t make it illegal to own gold, because people own what they own. But they can make it illegal to sell gold and buy more gold. As it is, it is impossible, or next to impossible, to walk into your local back and post collateral in order to get a loan to buy gold. Banks will not do that. One of my guideposts in investing is if a bank won’t lend against it, it’s probably a good investment. If a bank will lend against it – for instance three years ago when anyone could get a mortgage – it’s probably a bad investment. If every bank will lend against it, a great deal of liquidity has gone into that market. Bubbles are fuelled by liquidity. You want a market without a great deal of liquidity. Currently, it’s not easy to find a place where you can borrow money to buy physical gold. I believe that a lot of the exchange traded funds (ETFs) that are on the stock market don’t have physical gold to back up the trading of their stock. We need to be careful of that. I also believe that owning gold shares, while it may be interesting, is no trade off for owning physical gold. I think that physical gold is best to own as a precious metal. |
kevin koy