The Best Reasons to Own Gold NOW!
Jul 08, 2013
Whether you own gold or have been sitting on the sidelines, you must be wondering whether now is the time to buy more or to finally get in the game.
The answer is one of refreshing clarity in these uncertain times.
1. Gold prices are now at or below production costs.
With gold falling to its current levels, we are very near gold production costs ($1,000 – $1,100 an ounce) for many mining companies around the world.
You can now buy gold at or near the price it would cost a mining company to get it out of the ground. Buy now and you buy right.
And don’t be afraid of further price dips. Here’s the likely scenario: Any further falls in prices will cause miners to cease production and/or stop opening new mines.
Supply will have a harder time keeping up with demand. Prices will rise and you will sell right. Buy low, sell high and protect your portfolio from rapid fluctuation in the market value for your securities.
Your overall nest egg will be healthier by including gold, because you can wait out the market uncertainty in your stock and bond holdings.
2. You can buy more ounces of gold for your money now.