In 2008, financial experts advised their clients to buy gold because the times would be tough. That time, those financial advisers may have been thought to be prophets of doom but with the downfall of dollar, to invest on gold was the best solution people might turn to. Gold prices have reached $1853.14 as of this writing and in spite of what the President Obama claims, this is a sign that the investors are not having a cool time with their trust in the stocks, bonds and other currencies.
The investors are putting where they know their money is going to be safe, and that is gold. You will be able to buy gold in alternative ways but the preferred way at the present time is buying it online. Some do not buy gold at all, instead they choose to sell them for they need the money that they can no longer access. The unemployment is plunging, the worth of the dollar is outrageous and the rest around the globe that relies on the US dollar is suffering alongside the Americans. What is ridiculous is that China seems to be in a better position than the US currently and what’s even worse, they don’t owe anyone money, instead, the US owes them.
The pawnbrokers are actually buying gold, wherever they could access them. Investors are turning their investments and money into gold because they know it is safe and unwavering. And where will this drive the gold prices, further up, unfortunately. But fact is, those who can afford to buy gold online or from other sources are only those who have extra cash or people who can afford to invest on them. Sadly, they only form part of a big population who are left no other choice but to sell whatever amount of gold they’ve got with them. If you’ve got the money, investing in gold is the best you can do to keep it safe from the consequences of recession.
Otherwise, you would be like what most are doing; selling off the gold in their possession and it’s not getting any better. With the downgrading of the US from a triple A country to a double A, is it any wonder how the dollar is dropping and continues to fall? Is it any wonder that the gold prices are steadily increasing by the day? If you have money set aside, yes, it is the time to buy. If you won’t, you already know what is best for you.