Bitcoin Investing

Benefits to Bitcoin Investing

Bitcoin is a digital currency online, like a dollar or a book, but with some exceptions. Satoshi Nakamoto is introduced in 2009, Bitcoin is involved in a payment system peer-to-peer, where there is no intermediary and property can be transferred safely between two people on the planet. It is connected to a heavy computer network and the currency for the bitcoin system (rightly called Bitcoin), can be easily adopted by joining the large network. Bitcoin provides a fast and secure transaction option, but few are willing to jump for it. The question of a million still exists, Bitcoin is a safe investment?

Bitcoin has only a few years, an interesting creation that has impressed many and for the record, has become a name in the main financial lists. Its popularity is widespread and has become a great company Virgin Galactic led it to consider it as an acceptable source of payment. Bitcoin rates up to 10% at rates rise and continue to dominate the market as alpha and this causes much interested in investing.

Another feature is that Bitcoin has no central bank and no control of the central government. It is a global diet and its emergence and existence are behind a complex mathematical algorithm that allows you to geeks in the shadow of mishaps of the government. The instances of political instability and absurd government of the economy in disgrace plunge and take years until the investment in a coin in the outflow does not occur in the cryptosystem. This creates a safe and friendly investment opportunity with low risk of inflation.

If you are interested in getting started then click here which will take you to in excellent exchange to buy Bitcoin.  Also, view this short video of Bill Gates explaining why he is excited about Bitcoin.

Bill Gates explains why he is excited about Bitcoin as a currency.

Downside to Bitcoin Investing

With an incredible rise ever, Cryptocurrency also has its victims. As already mentioned, this thing still takes baby steps; And that comes insecurity. Bitcoin prices are volatile Currently it is sharp and can vary from 30% to 40% in a month. The world is shocked by its appearance and there are very little Bitcoin and Bitcoin titles. This leads to open questions of anxiety and coldness among people as invested in a new “unpredictable goldmine” can have devastating effects. Its novelty brings the lack of regulation and frightens potential investors.

The mystery of the Bitcoin system surrounds is an important factor to consider. Everything can happen and everyone involved in the market Bitcoin is in high alertness. China in December 2013 eliminated the use of Bitcoin and this led to a drastic decline in value of $ 1,240 to $ 576 in three weeks.

So each potential investor must way the pros and cons to investing in Bitcoin. However, Bitcoin is here to stay and as time goes on will gain acceptance and popularity and most likely will continue to increase in value.  Even with the downsides of Investing in Bitcoin the advantages far outweigh them.  So if you are interested in getting started click here to be taken to a highly rated website to start your investing in bitcoin.

investing in bitcoin

Getting Your Bills Paid

Cash advance loans, deferred deposit check loans orpost-dated check loans are high interest rate loans and are intended to be used for emergencies or for the short term only. Emphasis here is on short term, which most likely will be fourteen days since most of the working public get paid weekly or bi-weekly. The interest rates that payday loan companies are permitted to charge will vary from state to state, but a typical rate for a two-week loan would be around 10-24%. With no credit check payday loans the cash could get transferred to your checking account on the same day that you applied for the short-term loan.

With payday loans you can get approved in about an hour with easy online access and ready-made application forms. After you give the payday loan company your information such as job history, checking account information and your current contact information you could be approved as quickly as the same day. Many services are available help you to repair your life. The most sensible solution is to keep up to date on your bills if possible or lowering your monthly installments by opting for credit cards that have no fees attached and low interest rates.

No credit check cash advance loans have the shortest possible tenure in all loans forms. The current economy, especially has created the symptom of having to live paycheck to paycheck. As if that wasn’t bad enough, in today’s economy many of us don’t even get to the next paycheck. So, the potential borrower writes a personal check payable to the lender for the amount he/she wishes to borrow plus a usage or loan fee.

Many people are hesitant to use payday loans. But if a credit card cash advance, your savings account, or even a helpful relative or close friend is not available during a financial emergency, a payday loan can help provide the money you need. Payday loan clients should know that they will end up repaying the cash advance company a lot more than they borrowed because of the high interest that is added to that cash advance loan. Some people are becoming so addicted to cash advance loans that they borrow money from more than one company.

Most people who submit requests or applications for payday loans are usually approved within 24 hours if they have met the qualifications that are required by that loan company. This is because most of these lending companies demand only the minimum requirements. There are a few situations when the loan application can be denied. This is not always the case as there a number of bad credit loan lenders who are willing to provide bad credit loans. Usually the only thing that can keep you from getting a short term loan like this is if you have any outstanding checks that haven’t been taken care of.

Many consumers have negative remarks about payday or cash advance loans as they have higher rates than standard loans. Some bank loans are only approved after a credit check and confirming collateral whenever needed.

Being responsible is a key factor when deciding whether or not to actually borrow money. Emergency situations are really the ONLY reason you should even consider it. Taking out a no-fax payday loan requires a lot of your personal information to be displayed on the Internet, so find out all you can about the security settings for each online no-fax payday loan company.

The basic requirements for a payday or cash advance loan will include:

· You must be over 18 years of age.
· You must be employed.
· You must have their paycheck directly deposited into their checking account.
· You must earn a minimum amount of money per week or month.
· You must have worked at their place of employment for at least 3 or more months.

No credit check payday loans may not be the answer for everyone or even for you. If you are a first time borrower, one of the best things you can do is to research which lender will offer the lowest fees and the longest allotted payback time for you. There are online payday loan sites that take your application and then send it to their network of lenders. This way your application gets “shopped” to the network and lenders compete for your business. Try to find an aggregator instead of a direct lender. You’ll probably get better terms.

cash advance loans

Getting A Loan To Get Over Your Personal Cash Crunch

There will likely be a day when you find yourself in a position of facing a significant personal cash crunch. You may need the cash for many reasons – you have blown your budget this month, you need instant cash to live on until your next paycheck, a holiday or vacation is right around the corner and you need some money to really enjoy it, etc. Whatever the reason, short-term personal loans are here to the help you!

Key features of these short-term personal loans

• They are also known as fast loans. After submitting your application, you can get your funds within 24 hours.
• These loans are for small amounts. Typically $200.00 to $2500.00
• They are easy loans to apply for. The application is done online and doesn’t require much documentation.
• Depending on your situation, a payday loan can either be secured or unsecured.
• The time for this loan is usually very short, ranging from two weeks to a few months. The lender usually sends an email to the borrower when the payment is due.
• The interest rates for cash unsecured loans is higher than other personal loans that are available in the market. But the process is faster!

What If Your Credit Isn’t Very Good?

Are you worried about your credit rating? You really need some extra cash but don’t know if you have a high enough credit score to get a loan? You can still get yourself out of your cash crunch by choosing a lender who makes bad credit short term loans.

Since your credit score is bad, you are considered a high risk customer. So, you’ll pay a little more, but you can probably still get a loan for a short period of time.  The lender cannot be certain you will be able to repay the loan so they charge a little more for the risk. Getting approved for a bad credit loan and then repaying it on time can be your first step to a better credit rating.
You can always look for the following loans:

• Bad credit personal loans are easy to get and are generally for shorter time periods.
• You can always ask for a loan from friends or family (just be careful)

There Are Questions You Need To Consider!

However, you may still have questions regarding the loan application, such as:

• Are there any documents needed when applying for the loan?

• Will you still be approved for the loan even if you have bad credit?

• How much will the interest rate be in this kind of loan?

• Can you extend the repayment period?

• Are there any repayment plans available?

First of all, this type of loan is a very simple type of loan. As mentioned before, all you need to do is apply for it and pay it back on your next salary.

The great thing about this loan is that you don’t even need to have any documents. All you need is a proof of employment as well as proof of income, and of course, you also need a valid ID, such as your driver’s license, birth certificate, or your Social Security card.

You don’t need any special documents when you apply for this loan.

Regarding your credit score, payday loans doesn’t necessarily require you to have a good credit rating. Although a good credit rating can help and it can also lower the interest rates, you need to consider the fact that payday loans are considered to be a low risk loan in the part of lenders. Because they are sure that you will pay off the loan on your next payday through post dated checks, they don’t necessarily require you to have a good credit rating. In fact, some lenders won’t even take a look at your credit score.

The interest rate is quite low for this kind of loans. However, it still depends on the lender. Some may offer loans that have higher interest rates, while there are also others that can offer you lower interest rates.

If you can’t afford to pay for everything in a single payday, then you will see that this type of loan can be adjusted in terms of repayment. You can pay it off in 2 paydays or even more. However, you have to remember that the longer you pay off the loan, the more interest will accumulate. You have to remember that you have to choose repayment plans that you are comfortable with. It shouldn’t be too tight where you will use almost your entire salary to pay off the loan. Besides, you wouldn’t want to wait for the next salary day for you to have some money to buy food, would you?

Also, if you choose a longer repayment plan, then you may end up paying more interest than the principal of the loan.

These are the things that you have to remember about payday loans. It is a simple loan that can be easily paid off. In times of financial difficulties where you need instant cash, this type of loan is the best type of loan that you can ever get.

The best part of short-term bad credit payday loans?

They are still unsecured loans; you are not required to secure your personal assets to secure the loan. It is also important to remember, however, that this loan is to get back on your feet so you can get back your credit rating.

These small cash loans are supposed to tide you over for your cash crunch, they sometimes end up putting you deeper in debt than actually solving the problem. Borrow very carefully and repay promptly. And consider re-checking and re-doing your monthly personal budget.

fast loan

The Good And The Bad Regarding Payday Loans

Who doesn’t love pay day,right? It’s the day where you get paid for your hard work. However, what if you needed a cash infusion right in between paydays? What if you really, really need the cash? It can be an emergency or you might have forgotten to pay for an important bill. We all know for a fact that it is not easy to raise money quickly. Enter online payday loan applications.  You can get the funds you need for whatever purpose you need it for.

This type of loan is by far, the easiest type of loan to get approved. The best thing about this type of loan is that you don’t even have to have great credit. Although it does help! You have to understand that this type of loan is considered as low risk by most lenders. The loan is short-term and you’ll be repaying quickly. Sometimes you will give them post-dated repayment checks, or the funds will come right out of your bank account when you get paid next.  This way the lender can be sure that they will get their money back.

Another great thing about payday loans is that it is quite easy to get approved for. As mentioned before, even if you have bad credit rating, you might still be able to get approval for the loan. Just as long as you have a job and that you have a salary, then you will have no problems getting the loan. What’s more is that you don’t need a lot of documents to get this loan unlike in other types of loans, such as mortgage, car loans, and others.

But, you need to remember that payday loans can only supply you with limited funds.  Basically, the lender will determine how much you can borrow. In most cases, lenders will base on the total amount you get during payday. Then, basing from that amount of money, they will determine how much money they will be willing to lend you.

Also, these type of fast cash loans has relatively high interest associated with it. Although the interest may seem low, you have to consider getting the interest and the principal of the loan you took out paid as soon as possible.

Another thing that you should know about this type of loans is that some lenders can give you a flexible repayment scheme or plan. Sometimes, if you can live in a tight budget up until your next payday, then you might want to pay off the loan in just a single payday. However, if you can’t, you can choose a repayment plan that will take two paydays. Although the total amount will be much higher when you pay longer, you will see that it will be much easier for you to budget your salary.

These are the things that you have to remember about payday loans. As you can see, this type of loan can work for you especially during the time of deep financial needs or emergencies. It is easy to get regardless of your credit score, it is easy to pay off with the different repayment plans, and it also can give you quick cash at the moment you need it the most.

Online Payday Loans Are Getting More and More Popular!

Payday loans are quite popular these days. Since a lot of individuals are in great need of cash, this is the best way to obtain them without many complications and problems. There are a lot of online payday loan websites that you can visit. You just need to fill out an application form and provide some personal information, current banking status, occupational info, and financial info. Some online sites also require applicants to give references.

The main reason why many people like payday loans is that the lenders have very minimal requirements. The following are the requirements:

1. Have a permanent job for the last three months.

2. Take home pay (after tax deductions) is over $1000.

3. An active and valid checking account for the last three months.

4. Must be 18 years of age.

Once you fulfill all these requirements, you will not have trouble in having your online payday loan being approved. All payday loans are verified upon application and so you can’t just escape your previous commitments. In the verification process, the lender will check the NSF (non-sufficient fund) of the applicant and if he or she has an outstanding payday loan.

Some individuals who have poor credit, no credit, or a bankruptcy background find it hard to apply for loans both for short term and the long term. Online payday loans give these people a chance to get approved for these type of loans despite their credit history.  In order to avoid denial of applications, you have to provide only true and correct personal information.

Never apply for several payday loans from different lenders. This is definitely not a good idea and you will face more problems in the future. The loan applications will all be reported to the various lenders and this can make it harder for you to be granted a loan next time you apply.

Online payday loan websites provide application forms for those who want to apply for the payday loans and once you’ve provided all the necessary info, it will be immediately forwarded to the lender. The lender will review your application and if he finds your application true or correct and that you met the requirements, you will receive an email notifying you about your approved loan application.

It is up to the lender how much loan you’re going to receive but most of the time, the loans range from $100 – $500. The loan amount depends on certain criteria like monthly income, length at work, direct deposit, paycheck stubs, outstanding NSFs, and availability of your bank statements. First time applicants usually low amounts as compared to repeat customers.

Some lenders allow frequent borrowers to extend their loans but this only means added cost on your part. If you do decide to apply for a payday loan, you have to pay it on time so that you will not waste any more money on the interests. Payday loans are indeed helpful but only in urgent situations. Never apply for a loan is you’re just going to spend the money unwisely. This is not a good idea because of the very high interest charges the loan carries.

Payday loans are considered as short-term loans that you can use to support you during rough times especially concerning with monetary problems. There are a lot who wanted to be in the know about payday loans. Before using payday loans, one must know the attached costs and consequences to avoid losing much. In this topic, you can have a quick overview on how payday loans works. Additional facts and info about the correct usage and safe business deals will also be tackled.

These type of loans should only be used for small amounts that can be repaid quickly. If you can’t pay it back the fees can be ridiculous.  One can have the opportunity to have a payday loan but only in a small amount. Payday loans can help you through when you’re temporarily out of cash. The time frame a payday loan lasts is not less then two weeks.

But what if you can’t repay it, or are going to be late? The lenders give you the ability to “roll over” you loan and payments. However, if you do that, the penalties and interest start to multiply and can cause great financial stress. Use a short-term loan only when you are sure you will have the funds to pay it off, on time!

pay day

Applying For An Online Loan

Individuals develop their good and bad habits at an early age. If you want to become a responsible person, you have to practice the right things now. Handling money is a very important task because if you make it a habit to spend more than what you actually earn, that is really bad and it can cause problems in the future. Opting for payday loans is not a very good option because this is considered one of the risky solutions available to over-spenders.

Payday loans can be a good solution for those who really need money because of an urgent situation. However, if you apply for payday loans without weighing the risks, you can be caught in some sort of debt trap that can only worsen your current situation.

There are certain disadvantages in applying for short-term loans. One very evident reason is the high cost. The annual interests can reach 400 to 800%. With this rate, it would be even much better to invest on high risk stocks because you can enjoy investment returns from 20 to 30%. 

Because of bad financial planning, you will often resort to borrowing. At the start of the month, it is advisable that you set a realistic monthly budget so that you can already balance out your earnings and expenditures. Don’t make foolish purchases. Make sure that you keep a certain portion of your salary for savings so that when something comes up unexpectedly, you will have money to spend. There are counseling bureaus that can help you out in preparing monthly budgets.

Suppose you ended up borrowing money and now you have a creditor. Some individuals will tend to borrow again from someone else or probably apply for payday loans in order to pay the creditors. This is not good and it would be best to talk to your creditors and ask if they can wait until your next paycheck. You can save a lot on the interest if you follow this advice.

Urgent payments can be made through credit cards. The interest charges of credit cards are much lower than the payday loans. If you’re member of a credit union, you can borrow a loan because the interest there is also lower. If you have the guts to talk to your employer, then you can ask him to give you a cash advance especially in the case of a medical emergency. Your employer will surely understand the situation that you are in if you just talk to him in a nice way.

If you can’t fight the urge of borrowing, don’t go for payday loans yet. Ask your friends or relatives if they can lend you money and tell them that you’re going to pay them back in two weeks or even a month. This will only work if you don’t have any bad credit record or if you paid your previous debts to them.

There are also community social services that give urgent financial assistance to the needy. You can ask if you’re qualified to receive such assistance.

So there you have it; you just have to know your other options before you plunge into applying for a payday loan. Payday loans have an upside but the disadvantages are so obvious and as long as you can avoid it, try to do so. Just apply for it when you have exhausted all the other options.

Whether you are in need of cash because of a family emergency or that you need cash to pay for your bills that you forgot about, then you know that it can be quite frustrating if you realized that it’s still a couple of weeks more of work to salary day. Now, what if you need the cash right then and there? The answer to this is by taking out a loan.

What if you have bad credit?

You would think that lenders wouldn’t even think twice rejecting your application just because of your credit score. But, with payday loans, you can be sure that you will be able to get the money you need or get approved of the loan even if you have bad credit.

Basically, in this kind of loan, there is very little risk for the part of the lender. Even if you have bad credit, they are sure that you will pay them back on your next payday. The reason for this is that you will already give them post dated checks to repay your loan. Now, when the next payday arrives, the amount of the loan will be automatically deducted from your salary.

In most cases, lenders will not even check your credit score when they are approving you for the loan. Also, applying for this type of loan is very easy. You don’t even need to present documents that you normally need when applying for other types of loans, but all you need to do is fill out an application form for the loan and wait two to three days for the approval (sometimes even quicker).

They will deposit the funds from the loan into your bank account.

Qualifying for these loans is not that hard. You don’t even need to have a good credit score do to so. And, you don’t need a bunch of documents to present to the lender.

Whether you have a good credit or a bad credit rating, you can be sure that lenders will still be able to let you borrow the cash you need with payday loans.

Another great thing about payday loans is that it also offers flexible repayment plans. If you can’t repay the entire loan on your next payday, then you can still do so on the next one. This is how flexible payday loans are.

However, the only thing about payday loans is that because there is no collateral, the amount is often limited. The lender will try asking you how much money you earn on your salary. Then, they will base on this to determine how much money they will be able to lend you.

Having a bad credit score can be financially frustrating. Few lenders will even think of lending you money. You have to consider that by having a bad credit score, the lenders sees you as a great risk that will unlikely pay the loan in time. However, with payday loans in Texas, you can be sure that you will be able to get lenders to let you borrow some cash for them. The fact that they have security means that there is little risk involved in letting you borrow money.

So, the next time you are in financial need, you might want to consider getting this type of loan. With this loan, you will see that approval is easy even if you have bad credit, and repayment is also easy.

payday loans in texas

Why You Should Apply For An Online Loan

One of the great challenges of becoming an adult has to do with handling money. Life’s a game, and finances, budget and savings are all a part of that. How to save, what to spend on, and how to make and maintain a budget are all important parts of becoming a self-sufficient adult. 

Life really is a game and one of the goal posts is “Getting to the end of the month before getting to the end of your money!”

If you are using your credit card, or going into overdraft, or piling on your line of credit and not paying off your bills every month, you are losing this game. This problem is easy to diagnose. You are spending more every month than you make. And you can’t keep doing that!

If you buy your lunch at a restaurant or cafeteria everyday and have two trips to Starbucks a day,  but can’t pay your phone bill every month, somethings wrong. You simply can’t ignore the math.

All that being said, sometimes unexpected expenses and situations arise. If you have a dental emergency, or a major car repair or a job loss you can get caught off guard. We would all love to have a huge emergency fund set aside, but in reality, the bill will be bigger than whatever you’ve planned for.

So how do you get over these financial speed bumps?

You can use a cash advance on your credit card. However, the interest rates can be really high. And, if you have a balance on that card you will have to eliminate the balance completely before the interest stops. It’s just not a good idea to take a cash advance of a credit card that has an already high balance.

You can ask friends and family. Beware that not paying the loan back very, very quickly can do more damage than just your credit score or finances. Most family disputes (including the ones where people don’t speak to each other for years) are over money issues. Beware!

Payday and cash advance loans. There are places you can get a short term loan very quickly. These can be better than having a creditor report you to the credit bureau, or have your bank slap some bounced check or bank fees on you. If you are smart about it a payday loan can help you get to past the beginning on next month.

Are we suggesting you get a payday or cash advance paycheck loan every month?

Of course not! However there are times when applying and getting an online short term loan quickly can save your credit rating, save you interest and penalties and reduce your stress.

If you do apply and receive a pay day loan make sure you make it a priority to pay it off on time. It will take the high penalty charges off you plate. And, you’ll be in a position to get another loan quickly if you ever need to.

Here are some tips to help you restructure things next month so you con’t have a cash flow problem again:

– make a budget and stick to it

– figure out your fixed expenses and don’t spend that money

– create a budget for yourfood (groceries) and stick to it

– put something into a short and long term savings plan

– try to save one months salary in an emergency fund.

If you make a budget and can’t make the numbers work, get another source of income, or change your situation to spend less. There really are no other alternatives.

There is nothing wrong with using an online payday loan to get you over a short term problem. What you must avoid is getting trapped in a online loan cycle. This happens quite often. Someone takes out a payday loan to get through the month because of a one time event. The next month they are struggling with their finances and they end up applying for another online loan to pay off the first one. And on, and on, and on. Eventually the intersest and penalties dig them a hole so deep that can’t ever earn their way out. 

Don’t fall for that trap.

A payday loan should be used to get you over a singular event. If it becomes a regular thing you need to change your finances drastically.

Applying for an online loan should be a wake up call that you are walking close to the edge. Time to sit down and make a budget and financial plan.

If you do appy online for some short term financing here’s some thing to keep in mind. Make sure you get to see the terms and conditions before accepting the loan. And use a website that acts like a currator. Some online cash advance websites will take your application and send it to a network of lenders. Based on your credit, situation, work history and other things the lenders will offer their terms. This way you are sure you are getting offered the best deal, not just one offer from one lender.

If you want more of the finer things in life you either have to save more, or earn more. Unless, of course, you are waiting for the lottery of a huge inheritance.

You don’t have to be rich to be happy! If you want to work less, earn less and enjoy other things life has to offer, that’s a great choice.

However, if you want to live a lavish lifestyle you will need an income to support that. Online loans can help you over a short term cash crunch.

Just be aware that you are starting to ‘run with scissors’ financially.

payday loan

Request Free Gold IRA Kit

Gold Investment

You remember well that the 2008 financial crisis blew up and wrecked a number of rock-solid banks. You also may have believed along with most of other Americans that they were protected institutions. The crisis proved it as a false hope. Thanks to the toxic assets banks had multiplied, they became bankrupt when the losses mounted.

The lists of insolvent, important and historical institutions were too many to remember. Do you remember the names like Lehman Brothers, Bear Stearns, Washington Mutual, Merrill Lynch, and Wachovia?  Eventually these too big to fail heavyweights  all collapsed or were bought out by other banks in shotgun style weddings orchestrated by the Treasury and Federal Reserve.

As an effort to make the banks appear to be safer Congress passed the Wall Street Reform and Consumer Protection Act in 2010. This was the centerpiece of an effort to recreate the smoke and mirrors of financial system stability, and also known as the enormous Dodd-Frank Act.  The U.S. government has been on a mission ever since the crash.

Gold Stocks

Fast forward to seven years later, and you might believe again that the banking system is stable, alive and kicking. New warnings from top financial regulatory officials have set the record straight.

Even the former United States Treasury Secretary Lawrence Summers added his voice to critics claiming that the banking reform protocols did not make the banking system in the United States safer.

There are three big reasons that this is the situation. The first is that banks have been given repeated deadline extensions on selling off risky assets. They would not be allowed to engage in investment behavior which was risky and did not provide a benefit to their customers.

Banks had a target of July 21, 2012 to sell off their risky asset. They could not achieve that, so they requested deadline extension after extension. Finally they have managed to get the deadline pushed out to 2022, a full ten years after the first one.

The second problem you find in the banking system is that the banks’ reserve capital is tremendously insufficient to cover potential losses on their books. This capital is the emergency reserve fund of any bank. Regulators were supposed to ensure that the banks keep more capital. The problem is that the rules include several loopholes which allow them to disguise their financial condition from you.

A final problem with the banks today is that the bank stress tests that are supposed to guarantee their solidity are only an delusion. The editorial board at Bloomberg has recounted that these stress tests allow for a tiny amount of equity capital of $4 for every $100 of assets. This is supposed to keep markets reassured that the banks will be solvent in a crisis. Their final evaluation was that “these flaws make a passing grade almost meaningless.”

Investing in Gold

There is no reason for you to be caught unprepared in the next banking crisis. By placing a portion of your bank account funds into physical gold, you can rest easy that your hard earned savings will be insured. Download your free kit from Regal Assets to start protecting yourself today.

Gold speaks an international language

Gold is rare. Anything that is in short supply commands a premium, and it was no different earlier. Nations used gold when trading with each other.

­The acceptance of gold among people is also high – people generally pass on their wealth in the form of gold, as its fundamental value beats all forms of local currency.

In the USA, the price of gold tripled over a ten-year period from 1998 to 2008, reaching levels of $1000 per ounce. Over the next four years, it would go on to reach the $1800-1900 level.

Investing in gold is also a good way to beat inflation. Th­e years when inflation was the highest in the United States following World War II were 1946, 1974, 1975, 1979 and 1980. During this time, the Dow Jones Industrial Average yielded – 12.33%, while gold returned 130.4%. Gold also comes to the rescue when there is deflation. ­The Great Depression that occurred in the 1930s saw a drop in prices, but the purchasing power afforded by the precious metal increased. ­The reverse is also true – you can see that whenever the US dollar increases in value, the price of gold comes down.

So in a bad economy, gold assumes greater significance. In a good economy, it helps you overcome rising prices. Either way, it is good – and that is why it is treasured so much. When there is geopolitical uncertainty (as seen from recent conflicts in the Balkans and the Middle East) in any part of the world, the price of gold soars. ­The reason is simply because the local currency ceases to have value.

This affects all countries that trade with it, and given the truly global nature of international trade today, they would rather prefer a more stable currency. But a crisis means that this cannot be easily obtained. For instance, it is hard to convert Syrian pounds into US dollars, since no one would want to buy them out of fear for what value the currency holds in a conflict-ridden war zone where buying and selling cannot be done freely. And so gold once again becomes the preferred currency of choice.

Currency crises can also happen due to economic factors. When they do occur in any part of the world which engages in international trade, the same situation as in the above scenario happens –  other currencies are affected, and gold increases in value because of its stability.

­The supply of gold is also declining, thereby increasing its value when demand is increasing. ­The annual gold mining output fell from 2,573 tons in 2000 to 2,444 tons in 2007. Bullion sales also saw a decline during this period. Less gold offered for sale also makes it being perceived as more valuable. The demand has also been increasing.

Gold jewelry is highly popular in India, especially during weddings – and a third of India’s 1.3 billion population is young. Millions of them enter into wedlock every year, and the number is increasing. In China, physical gold is seen as a form of savings. As its own economy becomes unpredictable, there is more demand in the world’s most populous country.

Gold is becoming dearer as more and more countries realize its value, and try to buy more of it. You can always have physical gold in your IRA if you do not trust fund managers.

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