When currency starts to get weak, people naturally look to gold. In the old days, gold backed the US Dollar. Some people still think this is the case. Sorry, these days currency is backed by expectation of value.
So what is the best way to secure capital in gold for the typical investor? Today, I’ll present you with three of the usual suspects. The last method is one I recommend back in 2007. Had you invested at that time, your investment would have grown by over 100%.
If investing directly in gold isn’t an option for you, look to Exchange Traded Funds. On Wall Street, there are five ETFs that are gold investing oriented.
The one I like is streetTRACKS Gold Trust (Symbol: GLD). This ETF is a way to invest in gold and trade it like a stock.
Of the five I reviewed, GLD is the strongest and has the most potential. All five gold-oriented ETFs I looked at lost money in the past month, but GLD only lost 1.33% and it’s been coming back over the past week.
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Email: jmartin@jasonamartin.com
My name is Jason A. Martin and this is my investment blog. Back in Jr. High School I fell in love with an electrical wiring company's stock on Wall Street. After following the stock daily in the papers—the Internet wasn't around back then—I sent them a letter and they sent me back all sorts of wonderful information about their company.
In High School, we had a stock market contest. All the kids were picking companies that made stuff they consumed. When I announced my beloved company, I was laughed at. Little did they know that my company was going to be the subject of a takeover soon.
Long story short, I won the contest and have made money in the stock market, through real estate investing, currency trading and so forth.
I hope you enjoy Financial Rebel. If you do, please leave your comments and share this site with those you know.
Jason