Five Reasons You Should Own Physical Gold

With each passing day, the value of a dollar drops. Remember what you could buy with a dollar ten or twenty years ago? Today, it’s still called a dollar, but it will buy you a lot less. Fortunately, the purchasing power of an ounce of gold does not diminish, because no-one can “print” gold.

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You can invest in gold or silver buy buying shares in mining companies, or you can buy gold certificates. However, there are five good reasons to actually own physical gold, either in the form of coins or gold bars.

First, gold holds it’s value. Inflation reduces the purchasing power of a dollar each year, but the purchasing power of gold does not diminish over the long term. Two hundred years ago an ounce of gold would buy you a good quality man’s suit. The same is true today.

Second, physical metal is not impacted by company specific news. Your gold company may hit a bad stretch, but physical gold is immune to the ups and downs of the corporate world.

Third, physical gold is highly liquid, meaning you can use it anywhere. Even if there is a run on the bank, the gold you have in your possession can be used to buy what you need. Even better, if you were to leave the country, your gold coins would be accepted anywhere.

Fourt, gold coins and bars look great! That may not be the most important reason for owning physical gold, but if you must own something, it should look good. Of course gold won’t rust or fade or wear out, so it will still look great forever.

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