Gold and Good Delivery
Today gold per ounce is at an all-time high priced at $1649 per ounce. Gold investment has risen due to the current state of the United States economy. As the dollar decreases in value, gold increases. Stocks were a smart investment when the economy was booming, but the key difference between the two is stocks give a return in value whereas gold is a store in value. We want to invest our money where we not only feel our money will grow, but that it’ll at least hold value. The dollar continues to fall. Experts state gold investment does hold wealth protection and profit potential. Gold is also a universal, tangible exchange for money throughout international currency.
Good Delivery is when considering bulk investment. Good delivery of bullion bars guarantees not only that gold is upholding its integrity, but that it is being safely transferred to an allocated location where it is not making the investor a creditor, but owner. Possession of gold is not the key point, it is making sure the gold is not only secure, but brings back a healthy return of investment.
Frauds, scams and credit based gold investment should be researched before spending one’s dollars. Know where the gold has come from and where it is going. Bulk gold is more overlooked for integrity and purity, though smaller forms of gold are easier to determine value. For instance, brass fillings are common amongst gold bars.
As for gold dealers, ones to watch out for are those who sell on a credit based system. For instance, a buyer may only hold credit towards gold that may not exist. Instead, the dealer is using the buyer’s money to front costs to other investors. The buyer’s investment will then be lost on the balance sheets if the dealer falls short. This goes against the purpose of investing for security. It’s not to say financing gold is necessarily bad, but it’s making sure the gold that is purchased for personal ownership is not still considered an asset of the organization from which the purchase was made.