What's Up

Yeah, what else more valuable other than oil and money? The correct answer is GOLD! This is because the value of gold is increasing day after day.

Me and friends have talking about current gold value and investment on it is a good strategy for future wealthiness. But some factors should be taken into account to buy gold and one of the first rule would be buy the cheapest gold you can.

How does that affect the gold coin collector?

Basically it is good news. It means that the gold coins that the collector studiously accumulates only improve in value over the years. Actually it is probably not so much the value of gold increasing as the value of the dollar declining against the value of gold.

A recent article pointed out that there have been so many dollars printed up that for the US to return to the gold standard would mean that every ounce of gold would cost over 52 thousand printed dollars. This means that whereas 100 years ago it only took 20 dollars to buy an ounce of gold. A few years ago 280 dollar bought an ounce, these days it will take 550 to 590 currently to buy an ounce of gold and, if the gold standard was reintroduced, then it would take 52 thousand dollars to buy an ounce of gold. Gold has certainly not changed. But the dollar has!

This demonstrates that the dollar has seriously deteriorated since the gold standard was dropped but that the value of gold continues to remain high.

So the gold future looks bright and there is good sense in continuing to buy as much gold as one can get one's hands on!

Learn more about gold and the investment at goldprice.org