The market and the economy are both uncertain right now. Both have seen better days, and there is no concrete evidence to indicate the end is in sight any time soon. So, how can you be successful and profitable when investing your money? Some people feel that you cannot. Others still believe that you can turn a profit by investing their money, but they are unsure of how to do it. There are questions all around, and there do not seem to be many answers, especially when it comes to stocks and publicly traded companies. People are worried.
However, others have found a solution: investing in precious metals like gold and silver. This has long been an option, but it is only in recent years that this option has really seen an increase in popularity. People look at precious metals like gold and silver and they see stability, safety, and, perhaps most importantly, they see profit. And they are correction. Looking into precious metals investing is a viable option in today’s marketplace, and it is an option more and more people are finally starting to consider.
Buying precious metals like gold, silver, platinum, and palladium has been quite popular as of late, particularly during economically stagnant periods.
We all know and love gold, but we weren’t the first ones to take pride in this stunningly beautiful yellow metal. Thousands of years before the United States realized the potential of gold as a standard for currency, peoples all over the world were using gold for bartering, collecting, jewel making, and other purposes.
But what distinguishes gold from other precious metals? Why is it so valuable and what makes it such a great investment?
For investors who are considering diversifying into precious metals, gold is the metal to watch in 2014. Prices are expected to go as high as $1,200 per ounce. Most investors know that gold prices are tied to interest rates, but this increase is expected to happen even if interest rates stay as they are, indexed at zero. This is because of the increased demand in China for gold, and also due to the suppressed economy in the United States. It is axiomatic that as the economy worsens, the value of gold and silver increases. This is because people have less confidence in traditional investments and in the country’s currency than they have in tangible commodities. Precious metals investing, generally speaking, assumes greater importance in difficult times. Gold is a commodity that is highly liquid, and provides a hedge against perceived financial stress.
Is There a Demand for Gold?
It is amusing to look back five or six years and see how many financial “experts” warned about investing in gold. “It’s a bubble” many of them cried and discouraged would-be investors, by the score, from making one of the best decisions they could have ever enjoyed.
It is relatively easy to understand why these experts might have panicked and cried foul. After all, they were doing so at a point in time when another major investment source – the mortgage industry – had just burst as well. Actually, the mortgage crisis could be given some far more accurate descriptions that include exploding, collapsing, imploding, and falling to pieces.
Fortunately, many more people ignored that advice about investing in gold than listened to it, and this resulted in some historically high prices for pure gold. This period of time also brought about mammoth increases in the prices of the other precious metals as well, and really brought them to the forefront as safe haven options.
In times of economic stress, investors almost always turn to buying up precious metals and in particular to buying gold. Purchasing gold helps protect against inflation of fiat money and gives investors a solid footing. An investor with money in gold knows that at least part of their portfolio will not devalue and collapse, even if the stock market falls through or some other serious misfortune befalls the economy as a whole. Since gold is valued all over the world, they can also rest easy knowing they have leverage in foreign markets if their domestic economy truly goes belly-up.
Gold is not the only precious metal, so why are so many investors buying gold instead of silver, platinum, or palladium? Most likely, the reason is similar to why people use the phrase “the gold standard” for something of top quality that other things of its type have to match up to. From time immemorial, the human race has seen gold as the pinnacle of valuable metals. Even with recent discoveries of metals that are more rare or more useful, like platinum, gold remains the top in the public imagination. Investors know how important public image is and therefore tend toward buying gold over other metals. In addition, gold is inherently more valuable than silver and palladium and can easily be bought up in a variety of forms, varying from coins and bars to jewelry or stocks. Since it was once the basis of paper money, many people also simply feel more secure with their money in gold.
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Are solar panels durable?
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Millions of people in the United States alone are struggling just to make ends meet. The cost of basic necessities like electricity is rising, many are out of work, and the economy just isn’t performing at its best, to say the least. In order to reduce the high cost of living, many people are forced to eliminate hobbies and activities just to keep the lights on. However, there is one solution that is helping people to drastically cut down on expenses, without them having to sacrifice their quality of life. In fact, they can improve it!
The use of solar panels is still a relatively new technology, but it has come a long way in the past decade especially. Today, it is possible to keep entire homes and businesses powered, using just the energy from the sun. The sun is undoubtedly the best source of clean energy available, and it is a shame that its full potential is not being met. In just one day, the sun could produce enough clean energy to keep the entire planet powered for years!