Scott Carter: Hi I am Scott Carter with Goldline, today we're talking about how to get started in buying gold. One of the most common questions I get asked is "Is this the right time to start acquiring gold?
" Of course, the ultimate decision about when to acquire gold depends upon your own circumstances; however I believe there are good reasons to include gold in a diversified portfolio in all types of economies. Gold is traditionally being considered a storehouse of wealth as well as the potential hedge against inflation. And as the world faces scenarios we haven't since the great depression like unprecedented government spending, high unemployment and the potential for future inflation. Some analysts are saying that gold may offer protection against the weakening dollar.
Further, gold offers diversity with a hard asset that has intrinsic value, in general, its not approved to have all your eggs in one basket. Another question one often ask is "How much to invest in gold?
" We'll recommend it up to 5% to 20% of your portfolio be in gold, but not more than 20% and you should view gold as a long term asset, holding in atleast 3 to 5 years or better 5 to 10 years. It's easy to own gold. If you work with the right company the process required is simple. You work with a personal account executive who will answer your questions, discuss the different product choices and arrange shipping of your purchase either to your directly or will arrange storage for you. Many gold products such as the popular Swiss 20 Franc gold coins can be purchased by Credit Card. Please remember, however that we don't recommend you go into Credit Card debt to acquire any precious metal. You can also purchase gold using a Personal check or Wire Transfer. So you can get started acquiring gold easily and quickly.
The price of gold is appreciated every year for the past ten years, even with new record highs the price of gold still remains below the inflation-adjusted high in 1980. Now past performance can't guarantee future result, but if you want diversification gold is something to consider seriously.