It takes a lifetime of relentless hard work, a strict saving habit, and a modest living standard to accumulate enough wealth to invest in gold. For some people, owning or investing in gold remains a life-long dream that never reaches fulfillment. But those who’re lucky, must understand the value of their financial standing. For that, it’s …
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Tips for Selling Gold For Quick Cash
Investing in gold sounds promising as long as you’re in a phase of life where your dependents are financially stable. What happens when you run into a crunch and have very little money left to get through the month? That’s when your mind darts towards the gold you’ve stashed in lockers and bullions you’ve invested …
Investment in Gold as A Contributor to Economic Growth
Over the centuries, gold has been crucial in the investment infrastructure of economies around the world. Long gone are the days when gold was a unit of exchange in the barter system. It was due to its economic value that gold was used 1500 years ago in the Byzantine Empire. But even today, the metal …
Become a Gold-inaire: Is It Time to Add Some To Your Portfolio
For those who have never invested in gold or don’t consider it a good investment, concerns like low returns are valid. Many consider it a risky and unproductive asset and that may very well be true but only in some scenarios. Just like any other investment, the decision to buy a gold coin or a …
Saving in Gold Vs. Investing in Gold
There are multiple ways of holding gold as an optimal percentage in your asset portfolio. It largely depends on how you view the gold you own. Some see it as an investment if you’re expecting it to accrue profits in currency terms as a return on investment. The idea is to buy it at a lower …
16 to 60: Age-Based Gold Investment Plans
The biggest misconception about savings and investment states that it’s something that should be left for the last phase of your life. Worrying about savings is usually delayed until you’re faced with the retirement crisis. However, it has been proven over time that it’s important for everyone to invest, regardless of their age. Gold investments …
4 Reasons Investors Should Avoid Commemorative Coins
With the rise in investment opportunities and the establishment of new investment companies, the numbers for investment fraud incidents have also gone up. Whether it’s selling inauthentic precious metal or by pitching commemorative coins as valuable assets, the investment market doesn’t paint a good picture for investors. This is why investors must always settle for known and …
3 Emergencies For Which Retirement Savings May Come in Handy
Saving your savings is easier said than done. Investors often need to draw from their IRA savings to fulfill daily needs. However, it’s those unforeseen emergencies that are a bigger hole in the pocket. It’s always better to borrow money from your IRA account than pay a markup to the bank for using a credit …
Reasons Why Gold Should Be a Choice of Investment for Millennials
The investing patterns and choices of millennials are definitely not the same as those who came before them. Millennials are more achievement-oriented and ambitious. They are more focused on current financial standing and less concerned about what will happen twenty years from today. At the same time, millennials are highly risk-averse. This is because they’ve lived …
How these Factors Influence Gold Prices
According to Reuters, the relationship between gold and inflation has been quite weak for the past fifty years. The study also suggests that back in the 1980s, inflation reached 15% in the United States and gold hit a record high of $666.75. Even after the 80s, gold never reacted that strongly in the face of price …
