As an entrepreneur and business leader, you know that investing additional profits is the only way to keep your money. Period.
With the falling dollar price, stagnant money is tantamount to draining money. Last year (2017), the average inflation rate in the United States was calculated at about 2.1%. This means that as time goes by, your money is worth less and can therefore buy less.
If you really want to keep the value of your money (and increase it too), you have to situate it somewhere where it will grow faster than the dollar value does fall.
The question then becomes: is gold this place?
Why invest in stocks, coins and gold bullion.
The purpose of gold investments, like any type of investment, is to "store" your money in a place where it can mix slowly. In terms of gold, it means buying a gold item at one price, and selling it for another.
It's like any other retail company.
Apart from the fact that the price of gold increases by nature .
While a company must deliberately alter its price of buying and reselling products, gold investors simply have to wait for the price of gold to change on its own.
Gold investors often find security in the notion of having their money tied to something other than money. When you keep your money in a bank, its interest and value depend solely on the dollar value. However, when you convert your money into gold, you bring your money to something more than just dollar value.
This creates a kind of safety net.
Investing in gold is it worth it?
Here is an example to help you decide for yourself:
Suppose you bought an ounce of gold in 2008, when gold was worth $ 869.75 an ounce, and you sold it now at the market value of $ 1,282.37 – you would technically make a profit of $ 412.62. However, you must also consider inflation rates. So, the $ 869.75 that you originally invested in gold would have the same buying power as $ 1,020.85 now. Which means, with inflation in mind, you only made $ 261.52 in the current market.
Now, let's compare that to the outfit. If instead of investing in gold, you held your money in a bank earning on average 3.5% compounded interest monthly, your $ 869.75 would turn into $ 1,749.68 in 2018. And with the inflation adjustments your net profit would be $ 728.83 market today.
Is now a good time to sell gold, 2018?
At this point, you want to know if it's worth selling your gold and putting your money elsewhere.
If you have decided yes, your next step is to look at gold price trends and determine if it is the right time to tip that investment.
At the micro level:
Gold prices are actually lower this summer than they have been all year. Lately, the price of gold has been kept around $ 1,280 an ounce. However, during the last month of January, the price of gold per ounce peaked at about $ 1,356. Although the figures may seem close, when it comes to selling investments, the difference may be worth it.
At the macro level:
According to recent statistics, the value of the gold market is greater this year than it was in about five years ago.
Where is the best place to sell gold coins, jewelry and ingots?
When you are ready to sell gold for a payment and to relocate to other investments, your best bet is to sell money to a private jewelry buyer, according to info on Luriya.com
Because they are small and / or private, local jewelry buyers usually have the means and the funds to pay you the most for your gold. And as they set their own rules (unlike department store workers), local jewelry buyers will not hesitate to give you a little more for your gold if you bargain well enough.
Aside from local jewelers, you can also auction or pawnbrokers. This is only recommended if you are in a hurry, or if you really do not have the time to sell in person. You probably will not get the highest payment at any of these places – pawnshops are known to be stingy, and auctions are known for exceptionally high service fees.
Plus, there is a risk when listing your gold auction that the highest bid will not actually be the highest price that your gold is worth.