Although it is safe to say you were not around during the California Gold Rush in 1848, you could still rip the benefits from the gold rush of today. The rise in the price of gold is tied to the current worldwide economic crisis in addition to the global threats of terrorism and climate change. In the year 2000, the price of gold was about $300 per ounce and in the last couple of years the price of gold has surged to a current value of $880 per ounce.
People need to have confidence in their investments and precious metals such as silver and gold offer a higher degree of confidence than the capital markets do in such uncertain times. However, a gold bar weighs close to 400 ounces and is worth $352,000, which makes it too expensive for most of us to afford. Nonetheless, the precious metals market isn’t just for the big players any longer, especially with such services as offered by Goldmoney.com. GoldMoney is essentially a bank although it primarily deals with metal instead of paper currency. What GoldMoney does is to fully insure and store gold and silver bars in London and Zurich vaults, and then offer its customers to buy gold or silver portions as investment. Orders are made onlne and are securely recorded in GoldMoney’s database, which allows them to be traceable for record keeping. When a person is ready to cash in their “loot”, GoldMoney will wire the money into the customer’s account.
With GoldMoney, the customers are the sole owners of the gold and silver, with GoldMoney basically storing it securely on behalf of the customers. For added security, the company authorizes regular independent audits of the inventory. GoldMoney accounts are free to open, there is no minimum or maximum balance requirement, and interest is earned on cash balances. Notably, a decision to buy gold or silver is not time limited, and a customer can sell their portion of the precious metals back to GoldMoney at anytime. Additonally, when a customer decides to buy gold or silver, there is a storage fee involved, but it is significantly cheaper than what is offered by traditional metal storage companies.
For years, precious metals have been considered a mediocre long term investment, but global instability has turned such investments to be highly recommended as part of a sound investment portfolio. With the help of GoldMoney.com, anyone can take part in this 21st century version of the gold rush.