Friday, July 23, 2010

Investing in Gold

During the recent financial crisis that happened just several months ago, many investors opted to turn to safer havens such as gold bullion instead. It has always been a known fact that precious metals such as gold bullion will continue to appreciate in value especially when the economy is bad and people have started to lose faith in paper financial products and even currencies. I lived through the Asian crisis in the late 1990s and I still remember articles depicting how Koreans came together as a nation to donate their gold jewellery to help the country come out of its recession.

I'm not much of an investor in precious metals and may have caught the gold rush a little late. However, I did buy some paper gold previously when the prices were lower. Then, I did not have enough to buy gold bullion instead of paper gold as those tend to be sold by a certain weight and is actual physical gold which is best kept in a safe. Despite the high price, a friend is still continuing to buy bullion for safe keeping as he says it will never come down. I would do the same if I had the same financial means! Would you?

2 comments:

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