Gold Could Be The Right Investment In 2009
With the awful economy and the stock market performing so poorly, one would think that the current price of gold would be going up. Usually, people buy gold as a hedge against hard times as gold is one asset that can be counted on to never go to zero. Gold is seen as an insurance policy in case things get dicey and that they are right now.
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 things going on in the world, gold might be a smart place to put some. The stock market is very unreliable and interest rates are practically at zero. This leaves very few options of where to safely invest money and get some return. Gold has always maintained its value over thousands of years and it is probably a pretty good investment. It must be noted that 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 might be the correct play.
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. - 23196
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 things going on in the world, gold might be a smart place to put some. The stock market is very unreliable and interest rates are practically at zero. This leaves very few options of where to safely invest money and get some return. Gold has always maintained its value over thousands of years and it is probably a pretty good investment. It must be noted that 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 might be the correct play.
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. - 23196
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posted by X - Men @ 1:42 AM
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