Gold buying is one of the most established and respected strategies for protecting wealth. To understand why this is the case, it’s important to understand the difference between value and price. People engaging in gold buying are oftentimes worried about how their investments are going to perform in a bad market and how any wealth they have stored in the form of currency may actually be diminished by fluctuations in the value of currency.
Gold gained tremendously in value during the Great Recession. For many investors, once the Great Recession ended, it seemed like gold would go back to its old prices, which were in the neighborhood of $400-$700 before the explosion in interest in gold. Continue reading “Gold Buying and Safeguarding Wealth”