Why is gold so expensive?
Is it a good investment or is it a waste of time?
Don't put your money in it?
Well if you ever have these questions we will answer them today. I'm going to provide the facts about gold and then you decide for yourself.
I'm going to talk about stocks and bonds and things like that are like boards as far as investment is concerned.
What are your other options? Because we like options in life.
To understand if gold is a bad investment. Let's talk about what I have defined as an investment and it may be easier to explain what investment is not.
There is no such thing as an investment in a new Mercedes under these red shoes. This is definitely not the house you own and the fact that you know you live in shock.
To me, investing is making you the money you are investing in.
Because it is going to be a fine investment in your pocket and it is such an easy thing that I have robbed you of your wealth and outdated value. You can't reduce your taxes on anything other than what you don't have.
So with that definition and the gold itself is clearly not an investment but holding it doesn't mean you shouldn't buy it when you see it.
The main goal of gold is to save the money you have so that you do not become rich. Such as stocks. People usually stop because they think it's growing. I will be rich but I'm rich in gold or maybe I have that much money and I want to keep that kind of money safe no matter what in the world. Even if
If you are buying it with the idea that you are going to get rich then this is a bad investment for you because it is not really an investment but it is more insurance.
If you didn't know it was over $ 1500 right now and there are a lot of people who are asking to go for 10,000 which is quite possible but think about it
If you have 10,000 gold, that's all while you can't get rich in the event of hyperinflation or some fall of the dollar, you will still be able to buy things that you use to buy and maintain your lifestyle used to.
Money Vs Currency
The only reason it is worth it is that people in the United States and around the world still trust the dollar but really think about what you can do with the dollar. You can't wipe yet.
In one day you can exchange dollars for gold and gold was real money but instead, people surrounded the whole ounce of gold. You now have a piece of paper and you can exchange it for your gold.
Here are a couple of things that make money and the reason these currencies don't have money is because they don't protect your wealth.
Honest money has some features and the main reason is that the dollar we use today is not considered money because it is not a store of value.
If you visit the Federal Reserve's website which is from the Federal Reserve. You can see a dramatic decrease in the value of money.
Why did prices go up?
Because the value of the dollar has fallen.
This is really the price of gold fluctuations because the dollar is getting useless and it is a way to get rich. When you look around for others you will see that gold has sifted through the sky.
For example, in Venezuela I mean, they are passing and not thirteen thousand dollars in a year in gold. But also increased by 13000%.
Prices also went up as much as I said before saving money. You are not going to make all that money. Don't think that you are investing in gold to become rich. Understand that it is true that money understands that countries and the world's central banks are buying gold through tons.
If countries and the Federal Reserve and the central bank are buying gold. Why aren't we buying? To truly understand this gold, you need to know its history.
Our money was fully supported by gold. It wasn't until 1971 when we completely lowered the gold standard. If you notice that the quality of gold starts strangely again after coming to us.
When money was supported by gold, the same thing happened that countries could not hide their money from the thin air as they do now. You literally had to go to gold who wanted some more money or exchanged it with other countries.
It really helps to keep it down because you can't just print money from anywhere you have to go literally.
Now that the dollar is practically useless, they don't really have to make any effort, they don't have to go in search of gold. They can only type in some zeros and heights. You've got a billion dollars.
If you know anything about fiat currency.
I talked about this in my previous articles but all fight currencies fail and now the whole world is under fruit currencies. So its destiny is not greatness. Its ultimate failure. When you fail, you can set yourself up for it.
In the past when countries had their own dollars failed and they had to rearrange the dollars. They always reset it to gold.
If you look at the US debt watch, which is something by the government, you will see a statistic that says it is a golden shield. Basically and you can see what their calculation is but what it basically means.
If they were to be rearranged even though they were at least in gold, the writer of this article should have a mark of around 00 9200 for me. Go ahead and check it out.
There are a lot of cool facts about which I don't know that he is my word but it is a long time ago that he is giving amazing details in this loan discussion so I like it very much. The average investor now wants to see the fruits of his labor. Immediate relief is absolutely right.
You want our results now. We need that new work now. I need to increase the minute I hire but gold is really just a purchase in which you are sure you are protecting yourself and just wait you will be ready.
You can't rush into it. You have to understand that you are using it only to save your wealth. This is a great way to save your money as you will transfer it to physical assets.
Then when you have the opportunity to use it. You can exchange it and enter into the purchase of revenue-generating assets such as real estate and you can be creative as it goes.
The story is so long that if you are interested in protecting your possessions in preparing yourself for future generations for whatever happens in the market and you have to control the things of physical assets.