Investing Time, Effort, and Money In Gold

Gold:  Boom or Bust?

Gold has a special place in the heart of man...and woman.  All throughout history sacrifice has been made to obtain this alluring treasure.  The term "Gold Fever" is an accurate description of the sensation that people succumb to when exposed to its splendor.  And, when captured in a mezmorizing reverie of its beauty, one may not always make the most rash decisions.  In light of the elevated price of gold, which doesn't seem to be easing anytime soon, combined with the blinding beauty of gold can blur judgement. Such is the case of the elderly folks who just got swindled in a multi billion dollar gold scheme.  We are also reminded of the wayard old prospector who chases the nugget directly into his grave.

Although the government has tried, stopping a prospector is a hopeless task.  The Federal Trade Commission however has tried to warn folks of the pitfalls of investing in gold.  Many of which are not questioning the investment in gold itself but the source of the gold. 

"You see the ads on TV and online, and you hear them on the radio: they tout gold as a solid investment. It's true that people sometimes use gold to diversify their investment portfolio: it can help hedge against inflation and economic uncertainty. But how much gold to buy, in what form, at what price, and from whom, are important questions to answer before you make that investment.

The Federal Trade Commission (FTC), the nation's consumer protection agency, says if you are interested in buying gold, do some digging before investing. Some gold promoters don't deliver what they promise, and may push people into an investment that isn't right for them."  (Click Here to Visit FTC Website)

 

So, is gold a good investment or not?   Are we experiencing a "gold bubble" or is gold poised to continue to skyrocket?  It is a hot topic which is fervently debated. Now, I am no investment advisor.  And, I know the basic principles of supply and demand.  I know gold is desired for a lot of reasons, both industrially and as a luxury item.  The number of uses of gold, which includes helping cure cancer, grows daily.  I also know personally how difficult gold is to produce.  Since gold is absolutely limited in supply on this Earth, and we have developed the equipment to pull more and more out each year, I am sure that someday we will reach the limit of the recoverable gold in this world. Thus, eventually it will be absolutely priceless. So, my vote is buy and hold as much gold and silver as you can.  Like real estate, I believe it is always, a safe long term investment.  One thing is certain:  Investing the time and effort prospecting for gold is an excellent investment!

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