Gold is a popular investment during times of financial turmoil. Over the last few years we have seen gold rise to its highest price in decades. But do don’t be fooled, investing in gold has its drawbacks just like any other investment. It is important to do your homework and make sure you are making the right decision.
Gold traditionally moves inversely to the dollar and when the dollar begins to decline in value because of a rough economy, gold usually begins to rally. The problem with the dollar bill is that it isn’t backed by anything of real value. In actuality, it is nothing more than a bunch of numbers and symbols printed on linen paper with fancy ink. Gold, on the other hand, has actual value and cannot be created. Continue reading