Monday, 27 July 2009

Buy Genuine Gold Coins and Bars Please!

Last week I suggested that investing in Gold might be a very wise decision in our present economic climate, as the recession continues to hit hard at our hard earned cash stacked away in bank vaults for that rainy day.

As we all know the value of Paper Money has been weakened tremendously in the west, because of the greed that has fed the financial economic models in the last twenty odd years. We are about to start really paying for this, and the wise ones will make sure that their eggs are not all placed in one basket, namely in Paper Money saved in the bank vaults of our banking institutions.

So lets say you've decided to be wise and start investing in Gold bullions and the like, well one word of advice though, ensure that you buy your bullions from reputable firms and individuals preferably those that belong to the relevant trade associations in your countries. Bullions do not always come with certificates, but if you buy from a reputable dealer or firm you wont go wrong. There are a lot of fakes out there and you do not want to find yourself lumbered with worthless bits of metal someone sold to you as pure gold or silver.

Some reputable associations that dealers belong to include:

BNTA (British Numismatic Trade Association)
CAND (Canadian Association of Numismatic Dealers)
IAPN (International Association of Professional Numismatists)
SAAND (South African Association of Numismatic Dealers)
ANDA (Australasian Numismatic Dealer's Association)

Paper Money Collectors should note that this is not a call to abandon your hobby and paper money investment portfolios, but this is a call to broaden your investments and not keep every saved penny as raw cash in the banks.

Tuesday, 21 July 2009

Paper Money, Gold or Silver?

The current economic climate has made it difficult to continue writing about paper money without relating it to the reality that befalls us all. Life has become very stressful for most. No job, no home and little prospects of seeing the light at the end of this dark tunnel!

So what do you really think! My advice is what ever extra money you have saved up needs to be wisely invested in non paper money investments such as gold, silver, land or property. Things will get worse before they get better and leaving your hard earned cash in a bank as paper money will not serve you well in the long run.

Have you noticed that both banks on either side of the Atlantic Ocean have taken to selling off their gold and silver reserves to keep the price of gold down? Once its all gone the prices are going to shoot up sky high, this will in turn deplete the value of paper money to never before low levels.

The history of paper money in the east is about to repeat itself in the west. Take note and heed the well meant warning. I am not an economics expert but there is a bubble that is about to burst try and help yourself and get something tangible from your hard earned savings. Buy gold or silver now!