There’s gold in them thar vaults!
As I’m sure many of you know people have always purchased gold in the form of bullions as a way of investing their money in the hopes of getting a better return on their money when the value of gold increases.
Having been a jeweller in the past I have a tendency to watch the gold prices as they scroll by on the screen during the nightly newscast. When I was a jeweller in the late 80’s gold prices reached the highest that they’d ever been. Business was booming and people were purchasing all forms of gold as an investment. In the last 5 years the price of gold has steadily increased reaching, I believe, an all time high earlier this year.
If you’ve ever thought of investing money into gold bullion now might be a good time. A company called BullionVault.com has created a revolutionary new way for individuals to buy and sell gold bullion online. The gold bullion being traded is held in high security Brinks Vaults in international vaults – in London, New York or Switzerland. Clients using BullionVault can check on the value of their holdings daily because the company publishes the values daily on the site using anonymous aliases that are known only to the client his or herself.
Using the live Market order board at BullionVault you can buy or sell your gold holdings at real-time gold market prices. Apparently BullionVault.com has close to 2 tonnes of gold bullion in the vaults. There is a lot of valuable information on the site if you’d like to learn more about investing in gold bullion.
I have been thinking about putting all my money into lottery tickets…
Gold is the metal to buy. Second best is silver bullion, for obvious reasons.
Yes it makes sense to invest in gold bullion–IF you have the cash. Bullion investing is expensive and has high minimums a lot of the time. Many investors have their “real” money in their IRAs and 401Ks and they should look into investing in gold through those. An easy way to invest in gold via your retirement accounts is by using gold mutual funds and ETFs which are more flexible. As always, diversify and put a maximum of 15% in commodities.