In the current state of global financial affairs, most people laugh at the idea of being able to afford a large quantity of precious metals. This is an unfortunate attitude because buying gold bullion is easier than many might think. Additionally, the price of the precious metals are anticipated to keep climbing as the traditional investment vehicles continue to decline in value, so the sooner you begin adding gold and other precious metals, the better.
The trick to buying gold bullion is to acquire it in the amounts most readily affordable in your budget. This means that you don’t even have to purchase one full ounce if you don’t have the funds to manage such an acquisition. How is that possible? Consider something as common and popular as the American Gold Eagles. These are coins that are officially backed United States Treasury and which come in weights as small as a tenth of an ounce. Yes, that still translates to a substantial purchase price, but it hardly weighs in at the same one thousand dollar-plus price that a single ounce of gold has now reached.
Why is it that so many people are still buying gold bullion even as markets decline and financial pressures increase? Well, if you were to look back into financial history, you would quickly see that there is a long-standing policy for buying gold bullion when other investment options present the risks of serious loss.
For example, beginning around 2007 the world’s markets began to get tremendously shaky. At that time there was a discernable increase in the amount of precious metals buying that occurred around the world. This was because the professional investors decided to “hedge” portfolios against loss by adding an asset that never declines in value, but always steadily increases in value instead. The rate of increase is not always comparable to other investment options, but when there is a need to reduce or eliminate risk, it is best to go ahead and look to the stabilizing options rather than the dramatic ones.
The important thing about buying the bullion is to remember that it presents you with the tangible, physical asset and this is the primary reason that so many people want to have gold or precious metals in the first place. They represent a “store of value” that translates to a form of currency that can be held in long term storage and yet removed at any time in the future to be used as a form of “universal” currency. This is yet another good reason to consider gold bullion right away.