As explain by Mike Maloney in his book "Guide to Investing in Gold and Silver", here are the 10 reasons why he think that owning the physical gold and silver is the ultimate way of investing in these precious metals.
- For 5,000 years, gold and silver have been the only assets that have never failed. Because they are tangible assets of inherent value their purchasing power will never fall to zero.
- They are financial assets that can be completely private and not part if the financial system. Even real estate requires the financial system to transfer title. Gold and silver do not.
- They are one of the few financial assets that are not simultaneously someone else's liability. Stocks, bonds, and derivatives like futures and ETFs require the performance of the issuer or counterparty. Even cash requires the performance of the government that issues it to have value. If a government fails, so does its currency. Gold and silver never fail.
- They can be wholly owned. You can never really own real estate for instance; if you think you can, just try not paying your property taxes for a few years.
- They are safe-heaven investments that rise during economic upheavel, war, terrorism, and natural disaster.
- They have a proven track record of performing well in infltion and deflation.
- They have a high value density. That means that, unlike copper or oil, a very small amount of gold or silver provides significant purchasing power.
- They have a low bid/ask spread, unlike diamonds or collector coins, which can carry a 15 percent to 100 percent spread.
- Every ounce has the same value. Every diamond or collector coin, on the other hand, is different and requires an expert to assess the value.
- Physical gold and silver are money in and of themselves.
So what stopping you from owning the physical gold? Think again, act now.
Note:
Mike Maloney is the precious metal investor advisor to Robert Kiyosaki since 2005. He has been specialized in gold and silver investment education since 2002 and has had a privilege of interacting with influential government and economic leaders, such as Congressman and presidential candidate Ron Paul.He is the founder of Gold & Silver Inc and GoldSilver.com
