When purchasing gold bars, I'm always reminded of Indiana
Jones or other wondrous adventurers. For me, purchasing gold bars always feels
like a world-class adventure with a rich history. I feel honored to be in the
company of the pharaohs and Kings who have come before me and helped create the
mystique that surrounds purchasing
gold bars.
Once you get beyond the idea of investing in gold with all of
its romantic illusions, it's time to “get real” and consider where you should
make your purchase. Personally, I would say that where or who you buy your gold
from is the most critical aspect of gold buying. It's more than making sure
that you are buying from someone who engages in ethical business practices,
it's working with a dealer with whom you can form a strong relationship.
Ideally, your gold dealer should be knowledgeable and personable enough to act
as your advisor. So it needs to be someone you respect and know you can trust.
But like a good marriage, if the fundamentals are strong, everything else will
ultimately fall into place.
There's one thing every gold investor should make peace with
and that is the fact that gold is not the best commodity if you want to make a
fast buck. Although gold is notorious for attracting swindlers and hustlers,
the fact is that gold is most valuable as a solid long-term investment.
Whenever the economic conditions are grim or uncertain, as they have been for
the last decade, gold grows in strength. Gold is the ultimate “back to basics”
investment strategy. When all else fails, you can count on gold.
Gold can be purchased in a number of ways. Some love their
stacks of gold bars while others traffic in coins, mixing the roles of being a
collector and acting as an investor. Regardless of what kind of gold you choose
to buy, the most important thing to remember is - buyer beware. So thoroughly
the vet your gold store and over the long-term, you will be more than pleased
with your investment.
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