Full Disclosure: I have a VERY close friend who owns a Nashville coin shop. I don’t mean a casual friend, I mean like they were in my wedding. This is a blog about business ethics, so I feel its important to note my bias. Additionally there are a lot of issues surrounding business ethics and the Gold industries. A lot of “buy cheap gold” scams exist in the world. However, this is an objective analysis of the industry as a whole and if there is any truth to the claims that 2018 is a great time to buy gold.
Gold is one of the most traditional symbols for money that exists in the world. It has historically been considered as a valuable commodity, and anyone that has a lot of money is going to end up investing in this asset if they want their overall net worth to rise as quickly as possible. However, investments can be unpredictable, so you might find yourself asking the question, “is it a good time to buy gold 2018?”
The answer to this question is yes. Gold is currently one of the best things that you can invest in, and listed below are some reasons why this is the case. Read through these reasons to better understand the benefits that gold investments can offer you in this new year.
For the first time in a long time, gold prices are at an all-time low. While this is definitely something that would concern people that have already invested in the commodity, it gives newbies the chance to buy in while they can get a lot more quantity for a far lower price than would usually be the case. Gold prices eventually go up no matter what the case, so buying now is going to guarantee that you start making a lot of money in the near future when the commodity starts becoming profitable once again.
We are living in a day and age where inflation is pretty much out of control. Hence, it is likely that people are going to start buying gold a lot more so that they have a different asset in which to store their money, one that is not going to depreciate in the manner that cash is currently doing. If a majority of your net worth is in dollars, consider converting it into gold so that you can make the most of the value. After all, you don’t want the value of your hard earned money to end up becoming less than what it was supposed to be!
If you are trying to acquire assets, you need to know the difference between liquid and non-liquid assets. Gold is a liquid asset which means that you would be able to sell it rather easily in order to convert it into spendable money. Indeed, a lot of necessary items can be acquired by people that have gold without having to convert it into cash in the first place. Hence, gold is a great option if you want to store your money but want to be able to use it whenever you need to buy something you need.
Buying gold is easy, and storing it is even easier. Gold does not require you to maintain it in any way. At most it is going to gather dust which is not going to have much of an impact on the overall value of your commodity at all. This is great because you can just buy as much bullion as you need and keep it pretty much anywhere. A random safe would be a great bet too. You can then leave it where it is until the prices get high enough that you can start selling for profit.
Safe from Government Interference: One of the biggest problems that people tend to face when they are dealing with cash is that they are often subject to the government’s whims. The government can block you from accessing your accounts, something that can be a huge issue for you if you need money fast. Having some gold on the side is a great way for you to ensure that you have some assets on the side that the government will have no control over, thus giving you a degree of freedom from an institution that can often be a major roadblock on your path to success.
Easy for Laymen to Understand
There are a lot of options that you can look into if you are thinking of investing like stocks and the like, but these options usually require you to have a fair amount of expertise. Gold is actually nothing like that. Rather, it is a very simple asset that you can purchase. It is a precious metal, one whose value goes up and down according to supply and demand. There is no consumer behavior to monitor, no corporate policy to keep an eye on, no controversy that could suddenly send prices plummeting. If you want something that’s simple, gold is the best option for you.