Posted on January 2, 2008 in Women and Gold Jewelry
There are some misconceptions and myths in the minds of people that prevent them from investing in gold jewelry.Remove these fears and protect your money by buying gold.Some common myths:
Is Buying gold jewelry a good investment?
There is no better investment than gold or fine gold jewelry . Gold gives you better returns on ur investments than most other articles.It gives you joy and pleasure. If you need some pleasure and fun , you can have dinner in a swanky restaurant or watch a movie or buy yourself some new clothing,or even a new car. But…what do you have ten years from now? Instead ,if you buy gold jewelry,it will still sparkle and you will receive compliments even 10 or 20 years from now. It can be used by your grandchildren also with minimal maintenance. And the value of gold will only rise up in all these years.So gold gives u more and better returns.
Which one should u buy Gold or Silver?
Gold does not rust as it’s imperishable. Gold is easily trade able and it is the ultimate liquid asset. Silver is less valuable than gold, and it gets tarnished with the passing of time. But the tarnish is very minor. Silver coins from Roman times, 2000 years ago still exist today.
Buying Gold is Unpatriotic
Buying Gold is very much patriotic. If you invest in gold, your wealth is kept in your own nation where you live, and that’s quite patriotic. The wealth of gold actually prevents a nation from collapsing,and that means it’s really patriotic to own gold.
Which is safer- U.S. Treasury Bonds (as told by your broker) or Gold ?
The broker is not working for you;he is working for investment banks.The banks are partners with the government, and the government of your country has got bonds to sell. But bonds have a risk that gold does not have. Bonds can suddenly swing down to zero value either due to inflation or default,whereas gold cannot default and will not be inflated away.Gold will always be worth something substantial.
Gold is like any other commodity and is no longer money
That’s quite wrong.Gold is not like any other commodity. It is extremely scarce, and it cannot be destroyed by dividing it into smaller units. It can be melted together again, and reused. GOLD IS ALWAYS CONSIDERED AS MONEY, and remains so throughout the world, used by banks, governments, and people alike.
Gold is stagnant, it just sits there,it does not do anything
In contrast to all other paper contracts and investments, gold can never lose its value. Whereas all other type of paper currency ever created in the history of mankind has always gone to its intrinsic value,that is zero. Gold’s value cannot go down to zero & it can’t be inflated or taxed away.
Why do I need gold if the dollar is still backed by gold?
The dollar is NOT backed by gold. Since 1971, there is absolutely NO gold backing the dollar.
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