Buying and Selling Gold

Buying Gold

When you buy gold, you are basically preserving your wealth. As far as gold is worth, an ounceof it a hundred years ago gold buyers brisbane could be bartered for the same (if not more) amount of things nowin 2012. Gold has been the only real money that is tangible for the past few hundred years.Compared to paper money that is volatile and fluctuates without warning sending economiesspiraling in a downward trend, gold does not. As a matter of fact during these times Goldappreciates in value as the demand for gold spikes above supply. The increase in demand forgold during economic turmoil, political instability, war or natural disasters is an expectedreaction that happens without fail. There are times when gold refining even rumors that are not verified oruncertain trigger the increase in demand for gold. It happened in 1999 when the world was underthe spell of the vicious Y2K situation that led many people to believe that computers all over theworld were going to crash. During that year people bought ten times more gold than the previousfive to ten years combined!

People were buying gold for one purpose only, to preserve their wealth. Because if at all thecomputers did fail on the eve of the year 2000 then paper money would have become worthless.When money becomes worthless the world goes back to ‘barter trade mode’. Wonder how manychickens you need in exchange for a cow? With gold and silver in your coffer you would be ableto command the commerce.

Selling Gold

When it comes to selling your gold, the first thing you should consider is the timing. If thereasons that drove you to buy the gold in the first place has been resolved and you need toconvert the precious metal back into currency to sustain your lifestyle then you are doingthe right thing. The second thing that needs to be considered is the question you have to askyourself , “whom am I going to sell my gold to?” once this is resolved, you put up the thirdfactor in this equation by asking yourself another final question before proceeding to actuallysell your gold, “am I getting my gold’s worth?’ As the market is filled with gold pirates who willrip you off and give you peanuts in return for your gold. Do your homework; ask friends whomyou know you can trust. If you still fail to get suitable value seek out a reputable gold tradingcompany that has been in business for decades and you are home free!