I must confess I hopped on the gold band wagon rather late. I wished I’d ever done it a long time ago. After I heard suggestions to buy gold, I always say “I can’t afford it”. The reality is I could have afforded it back then, even on my income.<\/p>\n
Today, I make more money and truly can not afford gold. I have committed to purchasing a little every month anyway. Most gold is better than nothing. Over the long run, the monthly additions will accumulate.<\/p>\n
I still put investment cash into stocks. When stocks are earning cash I’ll continue doing that, but when they are losing money, I move out until they are earning money again. I hold cash until a bull market returns, then I have the cash to buy near the bottom, when stocks are affordable.<\/p>\n
When I put my money into gold, I do not feel the loss if the price decreases, because I still have the gold I acquired. I enjoy possessing the coins I purchase and understand that they’re an asset in the future. I know I can sell them (I think) when the time is right, to make money.<\/p>\n
At The Time that I was a young adult in the 1970’s gold was $35 an ounce, where it had been since the 1930’s. I had no motivation to purchase, even though I could afford it, because it didn’t go up in value. That’s still accurate today. Gold doesn’t increase in worth. It holds its worth while our government devalues our money.<\/p>\n
During the 1990’s when gold was $300 an ounce and I was making far less money than I am now, I saved $300 per month. Whenever a friend recommended buying gold during that time, my reply was “I can’t afford it”.<\/p>\n
Now, with gold varying in price from $1600 to $1800 an ounce, I’m convinced I should buy all I can get before the cost increases more. I am not in the position to buy an ounce of gold every month, so I’ve made the commitment to buy fraxel denominations. In hind sight, of course I wish I’d been smart enough to start buying gold a long time ago. I’d be wealthy by now.<\/p>\n
During the last 40 years, gold has held its value better than silver. Gold has had a stable rise in worth, due to fiat money printing since the U.S. went off the gold standard in 1971. In the end, gold continues to raise in value compared to the dollar.<\/p>\n