Purchasing quality gold has its upsides. If you ever need instant cash in the future, you will be able to sell it almost immediately. Another benefit of having it is that you can give it to your jeweler and get any custom design.
However, the problem with handing out pure gold for jewelry making is that it is too soft, so the jewelers will need to add various metals to the gold to form any kind of trinkets. If a financial need arises and you go out in the market to sell this piece of jewelry, the chances are that you may not get the same amount as you would have gotten with pure gold. The reason is that many jewelers will cut off various costs. You will never be able to get the amount of money you deserve. Although you may get more than you initially invested, that will be discussed later.
This is why many people prefer to buy quality gold as a part of an investment and keep it with themselves for as long as they feel the need. Why gold makes for a great investment option when compared to other choices is something that will be discussed later on in the article.
Why should one save?
The best time to start saving is when you are young and have just started to work. At this point, you do not have too many responsibilities, which makes it much easier for you to save. Once you are at a stage where you get married and have children, your overall expenses increase, which leaves very little or nothing at all out of your salary.
Having a saving pool is imperative as it will come handy in the future. Remember that in your time of need, you are the best person you can rely on to give you a hand. There are many other reasons why one should save, some of which are as follows:
- You will be able to create a fund in case of an emergency. You will not need to run to other people or institutions to borrow money as you will be able to take care of yourself.
- You will be able to look after yourself once you have retired. It is hard for a person who has been working for a very long time to become dependent on someone else suddenly. This is why when you have a savings pool, you will be able to take care of yourself instead of having someone else look after you.
- You will be able to provide your next generation with whatever they need. You can cover their schooling, weddings, or any other situation if you have put away some savings for your loved ones.
- In case anything happens to you, you will be sure that there is enough left behind that your family can easily take care of themselves. Till they can get themselves settled, you can be sure that they will be safe.
There are a lot of other reasons that you should encourage yourself to save. You should make your savings a priority. Each month when you get your salary, take out a chunk of it to save and use the leftover amount for your needs. This is the best way to go about building a big savings box.
When you have a pool of savings which you plan on using way into the future, it is not wise to let the money lie around till you need it. That money will not hold the same value it did when you started to save.
Every year, almost each country experiences an increase in inflation. The value of $20 is not the same as it was ten years ago. At that time, you could buy some luxurious items, but now, even a single meal might cost $20.
It is considered wise to invest your money into one of the various options available to you. There are many investment opportunities available all over the world. Each comes with its own list of pros and cons, and each will fall into either one of these categories: low risk, medium risk, and high risk. Returns on your investment are usually associated with the risk. For example, a low-risk investment will give you low returns, the medium-risk one will give medium yields, and a high-risk one will give you high returns.
Some of the best investment options, starting from low risk to high risk, include:
- Crude oil
- Government savings
- Bank deposits
- Mutual funds
- Stock market
The risk and return level of almost all of these investments are directly proportional to each other, except gold. The reason for this is that no matter what, the value of gold is bound to increase over the years. The rate of growth can vary; it can be high or low and will give you an equal amount of return.
Before deciding on any investment option, always be sure to check out the risk factors and other factors associated with it. This way you will know what you are getting yourself into.
Quality Gold – A safe investment option
If you are looking for an investment option which is safe and sure to increase in the future, the best choice is to invest in gold. It is one of the most preferred investment options for many people around the world. It will be easily available for you in the market, and it is easy to store and keep track of as well.
If you have a safe in your house or even in a bank, you can simply store the gold there. If you are looking for a company that offers investment in gold, that is a great option as well. In this case, you will not have to keep such a keen eye on the rate of the gold as your company will be informing you about it. You will not be physically holding the gold, but your amount of money will increase as the rate of gold goes up. The people handling such accounts are highly experienced and know exactly where and when to invest and how much money should be put into it. This situation does not apply to gold only; it is true for various other metals as well.
Usually, people who do not have too much time or are not able to look after their investments themselves like to opt for this option and sign up with a great company that will do the dealings for them.
The best part about investing in gold or other precious metals is that you can sell them anytime you want without any taxes. Maybe the company you have opted for charges an exit or back-end load, but there will not be any other taxes or other costs levied onto you.
If you invested in gold ten years ago, the chances are that the prices may have exceeded well over twice the amount of your initial investment. If you managed to turn that piece of quality gold into jewelry, you may not get the same amount that you would have gotten with pure gold. The buyer may cut some of the money due to the changes that were made to the piece. Therefore, we feel that it is best, from an investment perspective, that you buy quality gold and keep it somewhere safe.
Just make sure that you choose the right broker to handle your dealings. Another good advice is to make sure that you do not invest all your money in one metal or investment option. In case the price of the metal falls or one of the options experiences a crash, your investment in the other one will still have your back.
Best place to buy gold
There are many places that you can purchase quality gold from, but you need to be aware of the frauds on the market. As the demand for this type of investment is high, many people have found the opportunity to rip off the average man. Make sure to do a thorough background check on any option that you are considering. After all, these are your savings we are talking about.
We have found through research, that one of or if not , the best place to buy gold from, is Regal Assets. This company has a panel of expert investors and client services that are ready to help you anytime. This company has been given raving reviews by customers and has the highest rating in precious metals investment. However, please note that you can only use their investment services if you are a resident of the U.S.
The process of dealing with this company is quite easy. All you have to do is fill out and submit some of the required forms, after which your application will be processed for approval. Then, you will transfer your funds and place the order. You will be ready for dealing with precious metals such as silver, platinum, palladium and gold in no time. With your money, you can buy American Eagle coins or gold and silver, and check the gold price daily. If you would like more information about investing in gold, Regal Assets offers a free investment information kit which you can get by clicking here.