Many financial analysts believe that now is a premier time to buy gold coins, because projections are for the gold spot price to surpass $1400 in 2010. While it is not advisable to struggle financially just to buy gold, it could do your portfolio a world of good to vest 20-30% of those assets in physical precious metals that you store privately. Gold has been on the rise since 2001, and the gold spot price could increase by 12-18% next year.
While gold may not increase by 50% next year like it did in the last 365 days, the security of owning a physical gold investment is enough reason to diversify. While gold could lie dormant or even retreat, gold will not likely peak anytime soon. Our recession only just began, and it could be years or decades before the United States recovers.
Historically, gold performed quite well during oppressive recessionary periods. In the 1970s, for example, some gold investors made over 1000%. In the same time period, stocks, bonds, and cash accounts were devalued substantially. Gold’s wealth preservation power did not stop in the 1970s, as we have seen in the last decade. In 2001, gold bullion was worth less than $300 per ounce. Today, the same amount of gold is worth over $1100.
Investors who buy gold coins from a reputable dealer can purchase gold bullion coins for a small markup over the gold spot price. Certified gold coins have vastly outpaced gold bullion in recent months, and these non-confiscatable, private assets are also available at fair prices from www.Buy-Gold.org. To get your free, customized mail-out reports, or get started in the gold market, contact one of our friendly specialists directly by calling 800-425-5672.
Steven Martin
Senior Gold Specialist - Buy-Gold.org
