Gold represents the ultimate payment worldwide

Gold is accepted worldwide and represents the ultimate payment system anywhere in the world. It is a much sought after precious metal that is used for jewellery, space technology and as numismatist gold bullion coins. Banks prefer to deal with gold than paper money of which the value can be eroded due to rising future inflation. So, if you have extra cash to invest, it is better to buy gold coins and keep them in a safe place. In times of war, paper money can become useless overnight just like the Japanese banana money that was printed in abundance during the Japanese occupation in Malaya. However, when the British return, the banana paper money became worthless overnight. It is named so because of the picture of the banana tree on the paper notes.

Gold is Accepted Every Where

Gold is accepted around the world in every corner of the earth. It is the main real currency in times of war, pestilence, depression, etc. Now the 2 Koreans - North Korean and South Korea are fighting each other with shells being fired in retaliation. Sometimes it is time to buy gold and to keep some stock in bad times such as this. You can go to the remotest part of the earth and you will find that gold is widely accepted everywhere. Gold does not rust, corrode, and is stable under acidic conditions - meaning it does not re-act unlike other weaker metals like steel or nickel. Besides, gold will last for eternity and will remain so as long as it is kept well for generations to come. And you can bequeath your gold collection of jewellery or numismatic coins to your decendants.

I am a Numismatist

A collector of coins is known as a numismatist and I am a numismatist since I was small. I also collect gold coin and have one gold coin given to me during Chinese New Year by my rich uncle who works as a doctor in his clinic in Singapore. The gold coin was about half an ounce in weight which is of moderate size. It is a worthwhile investment to buy gold coins which is a very hedge against inflation. If the inflation rate is 4% a year, then using the rule of 72, it takes 72/4 equals to 18 years for your money to become half its value. This is scary and therefore you need to find ways and means to increase your savings and beat the inflation.

Gold Bullion is Worth Your Investment

I own a few pieces of gold bullion like a gold coin, some gold jewellery like a necklace, signature designer gold ring, bracelets and pendants which were collected over the years since I was small. If you have access money to invest, then consider buying up gold bullion from the link given above which is a very good hedge against inflation. The price of gold has consistently increased over the last 30 years and will continue to be on the rising trend. Besides, gold bullion is more affordable as they are smaller in size. Buying gold is worth your investment because the yellow precious metal is needed worldwide, be it for handphone component parts, dentures, stamps and coins or jewellery.

Investing in Gold is Worth the Money

Investing in small gold items like bullion is worth the money. This is because gold is a good hedge against inflation. In 1970s, a gram of gold used to cost RM20 but it has increased drastically to RM130 now for a gram. That is why I opened up a Gold Investment Account (GIA) savings with Public Bank to invest in about 40gm of gold. It is less than RM5,000 and it gives better returns compared to Fixed Deposits at only 2.75% a year. And I paid about RM123 per gram at that time. Money that is invested in gold will surely increase in its value and perhaps beat the inflation.

Gold Bullion or Gold Ingots?

I used to think that gold bullion are huge and bulky like gold ingots. When I check some web sites, I noticed that they are actually small like gold coins and are more affordable unlike gold ingots that come in kilograms by the weight. Hence, I got both gold bullion and gold ingots mixed up. Now, with years of experience in blogging and surfing other web sites, I am more educated now with the various terms used. By the way, it is worth your investment to buy gold bullion if you can afford it because gold is a good hedge against inflation. It is better than parking your money in the bank that brings in very low interest rates.

I Love Gold

I love gold and own a small collection of gold jewellery and a gold coin given by my rich uncle in Singapore who works as a doctor in his clinic somewhere near Tiong Bahru MRT station. The gold coin is about half an ounce in weight bearing the national flower of Singapore. After having kept it for more than 10 years, it is now valuable and a collector's item. You can check out for more gold items in United States Gold Bureau. I have a gold designer's ring, necklace and bracelet all bought with my own savings after working hard all these years. I also own smaller pieces of gold given to me by relatives when I was small.