How much Gold Investment is the right amount for you…? Here are some vital thoughts;
a). Gold pays no interest. And money in the bank pays nearly no interest especially in the present state of any economy except Australia and New Zealand where their currency tracks gold commodity.
b). You can print money. But you can’t print gold. If the Fed keeps interest rates near zero for the foreseeable future, the obvious outcome is that it will take more slips of paper (dollar bills) to buy an ounce of gold…
You don’t want to own too little gold and have the purchasing power of all your savings shrink dramatically if inflation takes hold. You can’t afford that. But you don’t want to be an end-of-the-world nutcase either. It is worth keeping gold as part of your portfolio or just for keepsake. Here are some great contributions from Tom Dyson. Read more…
Tags: Australia And New Zealand, Currency, Dollar Bills, economy, Foreseeable Future, Gold Commodity, Gold Investment, inflation, interest rates, Money In The Bank, Nutcase, Ounce Of Gold, portfolio, Print Money, Purchasing Power, Slips Of Paper, Tom Dyson, You Need Gold in Your Portfolio
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Money can be replaced, and gold will be always appreciated highly.