Saturday, March 17, 2007

Invest in Gold

These are difficult times for the world economy. The US dollar, once the undisputed king of currencies, has fallen down hard in value against most of the world's currencies, and especially against the Pound and the Euro. Do you remember when gas was only 25 cents a gallon? You could take a Dollar down to the gas station and buy four gallons for it! At that time our dollar was backed by REAL money, real silver. You'd be surprised - that same amount of silver still buys four gallons of gas! That just shows that real money like gold and silver holds its value and it is the green paper money that is now worth a lot less. As a matter of fact, when you think about it, you realize that gas, food, and almost everything else has NOT become more expensive. It only seems that way because the value of the green paper money is worth less and less and so it takes more and more of it to buy the same goods and services. Most people think prices have gone up, but in reality: it is the value of the US dollar that has actually gone down.

Investment experts have long-recommend portfolio diversification and that 10% to 20% (and sometimes more) of an investor’s assets be devoted to tangible assets such as gold, silver and platinum bullion and coins, and in today’s uncertain political and economic environment, there are many reasons to consider investing in these precious metals now. In my opinion, just buy gold, and buy it now before its too late - before it gets too expensive you cant afford it.

As one of the America’s oldest, largest and most experienced firms specializing in precious metals for the individual investor, Monex is uniquely qualified to serve your precious metals needs.

Labels: