Jim Hickey’s American Politics

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Hedging For An Economic Collapse With Gold Bullion

If you are someone who thinks the global economy is in dire straits, then gold is an investment that looks mighty attractive. For starters, gold is not tied to any one national economy. This makes it much safer then speculating on foreign currency or stocks. Gold is also something that has been historically valued in every civilization.
Owning Physical Gold V.S. Buying Gold Stocks

One popular way to invest in gold is to buy shares in gold related companies. These might be companies that mine gold, or they might be companies that buy gold futures. There are even some companies that hold gold, and you purchase shares in the company thereby owing gold by proxy.

The problem with this is that you never have your hands on the gold. In the event of a catastrophic economic collapse, then you might be left empty-handed. With the way the global economy is turning, this is not a far-fetched idea. One has to only look to China’s recent stock market crash, or the Greek banking fiasco, and you will see how precarious the current economic market is. In Greece, there were even serious talks of “haircutting” people’s accounts, which meant confiscating their money.

Of course, there is also the problem with speculation. If you invest in a gold mine, that mine might not pan out. The mine might be in a country with civil unrest, which could cause the mine to shut down operation. The mine might go bust when they fail to find sufficient gold. Any number of issues makes investing in a gold mine a tricky business. Instead, just save yourself the headache and buy physical gold.

What Type Of Gold Should You Buy?

Don’t make the mistake and buy collectible gold coins. These coins are sold to collectors who value the coins for things other than gold content. Because of this, the coins are often sold for much more than what their gold value is.

You should only buy gold bullion. These are coins that are sold to people who are only interested in the value of the gold. They are sold at close to the spot price of gold.

Where Can I Buy Gold Bullion Coins?

You can find gold bullion at U.S. Reserve. You can choose from among many different gold bullion coins. They offer U.S. gold bullion, as well as Canadian, Australian, and South African bullion coins. You can buy a 1-ounce coin, or a 1/10th of an ounce coin if you prefer.

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