One Of The Best Investments Lies With Gold
Thanks to modern computing and the world wide web, everyone can now own a gold ingot or two (or three). Just find yourself a broker that you trust and think about how much you wish to purchase. It's just become so simple nowadays, and it's even become something of a hobby among people on the internet.
Despite the enormous changes between the very first cultures who used gold, and our modern society, gold itself has not changed at all. We still mine it in roughly the same manner, and produce gold coins and blocks that someone from the middle ages would have recognised. Surely one of the biggest financial or economic changes in the 21st century has been the internet and its ability to give everyday people a chance to trade commodities like gold. Our society as a result of all of this has a burgeoning middle class with unimaginable wealth and access to information to help them achieve even more.
With the Bretton Woods agreements, the modern system of finance removed the requirement for countries to hold gold equivalent to the value of their printed currency. In times of economic despair, paper money may be worthless if people do not trust the government's promise to honor the value. This is the kind of time when gold becomes most valuable. Gold becomes more scare and more valuable as the value of paper money diminishes. Even countries that are basically bankrupt must substantially increase their holdings of gold to re-establish value in their paper currency.
One of the greatest risks to long term financial security for the average investor is not having a properly diversified portfolio. As technology has progressed and the internet has become progressively more entrenched in every day life, share trading technology has reached levels where investors of any size can take direct oversight of their personal investment portfolio. Despite the increase in capabilities, trading in gold has always remained somewhat elusive. Doubling in price during the past four year, gold has been a place for weary investors to find growth in the troubled times brought on by the global financial crisis. Technology has finally caught up to the demand for buying gold online and has made better programs available to all potential investors. Having a good mix of gold and other precious metals in your holdings is a great sign of portfolio diversification.
Since the mid-1940's gold is no longer the generally accepted standard upon which currencies are based, a system of floated and traded currencies are now the norm. During the last century over a dozen fiat currencies have failed due to hyper-inflation and the respective government printing too much money that became worthless when trading partners refused to accept the promise and wanted more solid forms of payment. Going further back in history, even the United States has had failed fiat currencies. In fact, it has occurred on two separate occasions! Before continuing with a new currency, debt was largely cleared and the new currency underwritten with increased stocks of gold.
Despite the enormous changes between the very first cultures who used gold, and our modern society, gold itself has not changed at all. We still mine it in roughly the same manner, and produce gold coins and blocks that someone from the middle ages would have recognised. Surely one of the biggest financial or economic changes in the 21st century has been the internet and its ability to give everyday people a chance to trade commodities like gold. Our society as a result of all of this has a burgeoning middle class with unimaginable wealth and access to information to help them achieve even more.
With the Bretton Woods agreements, the modern system of finance removed the requirement for countries to hold gold equivalent to the value of their printed currency. In times of economic despair, paper money may be worthless if people do not trust the government's promise to honor the value. This is the kind of time when gold becomes most valuable. Gold becomes more scare and more valuable as the value of paper money diminishes. Even countries that are basically bankrupt must substantially increase their holdings of gold to re-establish value in their paper currency.
One of the greatest risks to long term financial security for the average investor is not having a properly diversified portfolio. As technology has progressed and the internet has become progressively more entrenched in every day life, share trading technology has reached levels where investors of any size can take direct oversight of their personal investment portfolio. Despite the increase in capabilities, trading in gold has always remained somewhat elusive. Doubling in price during the past four year, gold has been a place for weary investors to find growth in the troubled times brought on by the global financial crisis. Technology has finally caught up to the demand for buying gold online and has made better programs available to all potential investors. Having a good mix of gold and other precious metals in your holdings is a great sign of portfolio diversification.
Since the mid-1940's gold is no longer the generally accepted standard upon which currencies are based, a system of floated and traded currencies are now the norm. During the last century over a dozen fiat currencies have failed due to hyper-inflation and the respective government printing too much money that became worthless when trading partners refused to accept the promise and wanted more solid forms of payment. Going further back in history, even the United States has had failed fiat currencies. In fact, it has occurred on two separate occasions! Before continuing with a new currency, debt was largely cleared and the new currency underwritten with increased stocks of gold.
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posted by Vittoria @ August 12, 2013
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