Now is a great time to buy gold bullion as a long term investment. While US and international economies are faltering, the precious metals market remains strong and steady. Although it is not in a steep growth period, that's good for you, if you're still considering whether or not to buy gold bullion. Although you lose money for every day you spend thinking, buying gold next week or next month is likely to be a safe course of action. But there's still no time like the present to get your hands on some gold bullion before the markets cool.
Why Buy Gold Bullion
Of the precious metal commodities, gold is one of our favorite investments for individuals. The platinum group metals are generally stable and are an excellent move for larger enterprises, but due to their very high per-ounce cost, they are prohibitive for investors without a very large supply of capital. Silver is volatile; we suggest that you buy gold bullion instead, rather than risking your capital on silver, which requires an expert touch to achieve investment success.
Bullion is available as coins and bars both; each format has its advantages and disadvantages, which you should know before you buy. Gold bullion bars are available in a variety of sizes, and in general you will pay a lower premium for larger bars, as they incur less manufacturing expense. However, gold bars of any size are expensive to authenticate, and can therefore be difficult to trade profitably. Gold bullion coins are widely available in one-ounce and smaller denominations; the premium for coins is slightly higher than that of an equivalent weight of gold bars, but coins are substantially easier to authenticate and store, so they have a lower overhead when trading with them.
Why Buy Now
Since the current price of gold is continually increasing, and it has been on an upward trend for years now, every minute you waste means wasted profits! You can maximize your take by acting immediately and locking in your investment. Remember, the price of gold is very safe and holds its value even through recessions and other downward market movements, so it is a great way to cushion your assets against difficult times ahead. Unlike currency and stocks, gold has intrinsic value that is recognized the world over. There is absolutely no better investment to protect you from the challenges of the future.