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Posts Tagged ‘gold’

www.runtogold.com A real-life example of how United States savings bonds are certificates of confiscation. HOW TO BUY GOLD AND SILVER http … money currency dollar gold silver ron paul peter schiff alan greenspan confiscation savings bonds united states federal reserve gata inflation

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Investing in a CD, or certificate of deposit, is best done as a long-term investment, as more interest is accrued over a longer period of time. Find a reputable and safe bank to set up a certificate of deposit withinvesting advice from a certified financial planner in this free video on personal finance. Expert: Melissa Hammel Contact: www.hammelfinancial.com Bio: Melissa Hammel, a certified financial planner (CFP) and nationally certified counselor (NCC), serves as the managing memberer …

investing money for a specific duration of time, such as 10, 15 or 20 years. Discover how to find the best CD options by researching banks, withdraw penalties and rival interest rates in this free video from an experienced floor trader oninvesting. Expert: Mark Griffith Bio: Mark Griffith has graduated in economics and philosophy at Clare College, Cambridge. He has been a futures and options floor trader at LIFFE (London International Financial Futures Exchange). Filmmaker: Paul Volniansky …

We have talked a bit about gold but never actually talked about gold investing yet. Gold is a commodity and if you think inflation is a major problem you may want to invest in gold or other commodities. Silver is another popular commodity.

We are going to interview one person who said that he wants to invest in gold but his circumstances do not allow such investment. So, we ask him for fun, what he would do if he had a bar of gold. He said:

“If I had a bar of pure gold, the first thing I would do would be to evaluate the market and see if I could determine whether it would likely increase or decrease in value in the next few weeks. I would then sell the bar when I thought I could get the best price. I would not look back to see if the price increased after I had sold it. Once I had the money for the gold, I would pay down my debts with half of the money, put one fourth into savings and use one fourth for travel, taking my mother to England.”

So, this reader has the right general idea of gold investing and how prices fluctuate. However, gold investing is not a short term type of investing so timing is not right for him. Anyone has any ideas?

Sometimes people have gold but don’t know its value. Gold is a great investment and the value of gold keeps going up. That means if you keep your gold now it is like to have higher value later. But, sometimes it is not practical to keep the gold when you need some money now.

A reader shares with us that he does not want a bar of gold no matter how real or no matter how great an investment it can be. All he needs is rent money. When you actually have immediate needs such as need to pay rent now, it is hard to imagine what you can do with an investment. That’s why when people need money or a job, it is not practical or appreciable to try to get them to invest or start their own business. Starting a business is an investment that does not give immediate money.

Below is one of our reader talking about how he prefers rent money than keeping gold as an investment.

“If I had a bar of gold today, I would probably take it to the local gold buyer and see if thy would buy it and for how much. I need the rent money, so every little bit helps and it seems like a bar of gold would just about pay my rent for a few months. That’s pretty much what I would do if I had a bar of gold today.”