Best bplace to buy gold bars onlineToday everyone is talking about buying gold, but not many are doing much about it because they don't know how or even why they should.
Is there a good reason to buy gold?
Maybe you will want to buy a "good" stock and put it away. Of course, that is what your broker will tell you. website: a1mint .com
The Chairman of the Federal Reserve, Ben Bernanke, is trying to stimulate the economy by printing trillions of dollars. The idea is to get people to borrow money and spend more. He must have already forgotten that is how we got into this mess - borrowing too much and spending too much.
Let's have a lesson in Home Economics. Pay attention guys as this is not just for the girls. Your teacher has instructed how to make a pot of soup. Ten guests are coming.
Wait, now 20 guests are coming. Make another pot of soup. Don't have the makings or the time. Instead the cook adds twice as much water. Is the soup the same? Of course not.
Let's say The Federal Reserve has 100 billion dollars circulating in the U.S. It cost a dollar to buy a bowl of soup. Then Dr. Bernanke prints another 100 billion dollars to circulate in the U.S. It now takes $2.00 to buy the same bowl of soup. Your dollar has half its purchasing power.
That's called inflation. That is what the Federal Reserve is doing to your currency right now. Every stimulus package dilutes purchasing power like water in the soup for every person in the country.
Is there any way to buy wealth protection? Is there insurance against the failure of the dollar? The best and least complicated is to own gold as no matter how much fake new money is printed the price of gold goes up to offset the loss of purchasing power. At one time gold was $20/ounce; now its $1,000 and some say it will go to $2,000.
Gold may be purchased 3 ways - as gold bars, officially minted gold coins and as an equity stock, GLD, an Exchange Traded Fund.
Having the physical gold in your hand is best as it may be difficult to exchange a stock certificate for the metal when it is needed.
Gold bars are very acceptable, but when it is time to cash them the buyer may require an assay which is both expensive and time consuming.