Do you buy gold as investment?
If you are over 40 and you still believe in UFO and social security, you need to go for a brain scan! It’s better that we do not hope for the government who can’t keep its books to take care of us, we need to invest part of our earnings to build up nest eggs for old age.
The question is what kind of investment vehicle do we use? We currently have some money invested in mutual funds and stocks. But, we are rather disappointed in the ups and downs of the stock market and are on the looking out for secured investment that gives a more consistent return.
The worldwide energy crisis and inflation have caused our cash depreciated its value quickly. In fact, saving money in the bank gets us negative gain after considering the inflation rate. That’s why many people would buy gold coins and gold bars for investment and to prevent further depreciation. Prices of many precious metals including gold have gone up a lot in the last two years. Do you think it is worthwhile to invest in this precious metals when their prices are at their record highs?
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