Gold Hits Important Low - Great Time to Invest!
By NotaBene
@NotaBene (111)
October 30, 2008 4:54pm CST
Over the past day, the price of gold has dropped by over $1000 per kilo. Experts have described it as being an 'important bottom' before the recession hits. They claim that now is an ideal time to invest in gold.
Even if the dollar was to fall, the purchasing power of gold would still be strong, and the value of Gold is boosted by economic crisis, not reduced.
Like stocks, however, gold can be subject to decreases as well as increases, so it is important - if you are considering investing - to take everything into account.
BullionVault is one of the safest and easiest private gold investment companies in the world.
Not only do they allow you to buy and sell within seconds, you can also keep track of gold prices in real-time using a range of up-to-the-minute charts and statistics.
If you are new to investing, they also offer extensive help and guidelines, and are always only a phone-call or email away.
At the moment, Bullionvault is also offering a free gram of gold to help you get hang of their trading system.
I am NOTABENE on the website and you can find me under 'Daily Audit'.
If you are interested, feel free to private message me. I can give you a referral link.
I will admit that the referral link purports some benefits to me as well, 25% of commission, which is 0.8% per transaction. Therefore, if for example you were to buy $200 worth of gold, they would take $1.60 commission, and I would get $0.40 of that.) In return for that benefit, I would be happy to provide my own experience to help you get started.
Whatever you decide, thank you for reading. :)
2 responses
@Heartbreaker08 (684)
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30 Oct 08
This is very interesting. How much is the cheapest amount of gold you can buy? I have to admit I am not really into investing and have only recently started dabbling with HYIP sites specifically megalido. I am always wary buying anything where the value of it can decrease. However if you can pay with payment processors and I was to have a little extra then I may be interested.
How much money have you made buying gold in the past? And can you do the same thing with silver, or is it much more beneficial with gold?
@NotaBene (111)
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30 Oct 08
The least amount of gold you can buy in one transaction with them is 1 metric gram. Which is worth around $23 at the moment.
The gold can be bought and sold at the touch of a button. What is more, is that you can set 'orders'. Lets say, for example, you wanted to sell some gold when it reached a certain price. If you place that in an order, then the gold would be sold the instant that gold hit that value. So you don't have to watch it every second of every day.
The amounts you can earn really depends on how much you invest. I'm not a millionaire so I have quite a modest amount invested. Having said that, it quite easily beats even the best bank interest rates for savings. The trick is basically to buy low and sell high. The rate for gold over the past week has changed dramatically both up and down, so investing at the right time could let you cash in within a week, or even in a day if you are exceptionally lucky.
There are some small feels ($48 per year, or 0.12%, whichever is lower) for vault keeping and insurance. However, this is because the gold is physically owned by you. That means even if the company and bank were to go into liquidation, the gold would still be yours.
This is how privately owned gold differs from unassigned gold, that only offers an 'interest' in the gold.
You can do the same with Silver, but not at Bullion Vault. There is also less of a market for Silver, especially now. Of course, the choice is entirely up to you.
I know it can be a risk, but like the say, you have to speculate to accumulate, and there is really nothing that comes without risk these days. :-/
@NotaBene (111)
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30 Oct 08
Sorry, typo there, I meant that the fees were $48 per year, or 0.12% depending on which was higher. Therefore, unless 0.12% of your gold invested was worth more than $48 (which would be a total of over $40.000 worth), your fees would be $48 per year.
One thing I love about them is there security. They require validation by a photocopy of passport or driver's license, as well as a bank statement. They also only allow funds from a single bank account, and do not allow transfers of any kind to other users. That means that even if hackers were to break into your Bullion Vault account, your money would still be safe, and they would not be able to take a penny.
@hildas (3031)
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30 Oct 08
I talk to a girl from the US, (I am from the UK) on messenger and she told me to invest in Gold about eight months ago. I would not know where to start investing, and I am sort of broke at the moment, but it is funny that she said that. I told a Chinese girl on here last week to invest in Gold as I had heard that it was strong. I hope she did it. Maybe it would be bad if she invested ages ago but.
@NotaBene (111)
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30 Oct 08
The price of gold can drastically change in a matter of minutes, so it's really quite a marvel to watch. It can be a lot of fun watching the charts. In general, the value changes, albeit subtly, every 3 seconds!
Although it is a bad time right now for people who have already invested (including myself, and unfortunately your Chinese friend), it is a great time for new investors.
I also hope that your friend is dealing with a legitimate company. Because of the immense value of gold, it is a big market for scams. That's why I would recommend Bullion Vault as a safer option.
You can also keep your gold in Zurich. I would say it is probably worth investing just to be able to tell your friends that you own gold in a Swiss bank account, LOL!
