Earning Money

Two nights ago, I was watching Larry King with Suze Orman on it and Orman got a question from a guy who was asking whether he should sell his gold coins that he has or keep them because they are going to continue going up in value. Suze Orman went on to answer the question for the man with a simple answer: “Gold is a good long term investment. However, GOLD is a good investment, not gold mines.” That is not a direct quote, but that is what she said.

And what she said was a good thing. She said that the purchase of gold was actually a good investment. And that’s true because it’s an item that is always going to be in demand. Gold will always look good. Gold will always be something that people like and that is why I think that she was right in her statement about the gold trade. And I think that if you can start investing in it NOW, in ten or twenty years, gold will be worth a lot more because, naturally, things disappear over time and with a smaller supply, there is a greater demand.

However, what she said was good actually. For a long term investment, investing in the actual mines is dangerous because those mines can run out. Also, a business can always cave and that is not as safe an investment. I’m not saying you shouldn’t invest in the mines. I think that they are a pretty good investment, but I am not a stock market expert; this woman is pretty good with economics, so I tend to listen to what they have to say.

So, what does that mean for you? That means that if you have gold coins or gold pieces of jewelry that you are unsure of what to do with, hold on to it. As time goes on, its value will continue to go up. People will always want to have more gold because like I said before, it is a beautiful metal. Hold on to what gold you have and if you have the money, go ahead and invest in it. It’s one of those things that you can hold onto and I don’t really see you going wrong with. But, ask an expert and see what they have to say before you invest a lot into it. If you do ask, post a comment and let me know!

If you enjoyed this post, make sure you subscribe to my RSS feed!