Will you be able to tell her that you knew where the best places to buy gold online were and that yeah, you bought up some physical gold a while back and it's in your pocket ready to trade for food right now?
Or will you and your family have to line up outside some government office reliant on them for a tiny handout of a small bag of rice and water just to survive another day?
We all need at least some tradeable gold in our pocket for times of unrest, and guess what? ...those times are nearly upon us all, as I'm sure you already know. You're smart enough to be 'on the sniff' for gold so I'm sure you're also smart enough to see what's going on around us all.
We can all see it and yeah, it's gonna get rough, that much I know. I also know that gold has held its purchasing power for millennia, unlike the flimsy fiat system that is currently on the implode. If you don't have enough gold yet then fix that right now, for goodness sake!
Gerald M. Loeb
Gold, silver and other precious metals often do very well in times of inflation and political strife because it is REAL money, unlike many financial 'products' and fiat currencies. While traditional, stock market products can oscillate wildly because of external factors, gold, silver and platinum normally only become more valuable. For investors who prefer the non-physical approach to investing you can certainly buy stocks in gold and silver that are traded daily just like any other stocks are on a stock exchange. However, many people prefer to keep a physical store of their precious gold and silver to be available to be used at a moment's notice.
For so many thousands of years, gold, silver and other precious metals have been a popular option for storing real wealth. Because of its non-expiring shelf life and limited, tightly controlled supply (virtually all of the gold pieces produced throughout history are still in circulation, and gold mines in most years, only add 1-2% to the total stock of the market every year), gold maintains its purchasing power over the long-term for savvy investors.
Buying gold is one of the best ways to round out your financial investment portfolio. Silver is also seen as a safe haven by the majority of people, although perhaps not as safe or 'pocket-able' as gold. Unlike gold, silver is used in a lot of industrial applications. The manufacture of products like solar panels, semiconductors and medical devices heavily impact the supply of silver available for investment purposes. As a result, the silver price is usually subject to more extreme fluctuations than gold. This means that silver has a higher risk/reward ratio than gold.
One reason that I personally like gold is because it is small enough to carry in your pocket in high enough amounts to be useful. Try pocketing $5k worth of silver THEN see if you too, prefer to hold gold instead!
If you don't already know about investing in silver and gold, there are a few different ways you can go to achieve your investing goals. You can purchase an amount of shares of mining companies that produce gold and/or silver or you can purchase shares of an exchange-traded fund (ETF) that tracks the price of gold or silver or you can actually buy physical, hold-it-in-your-hand, real gold or silver bars and coins.
My personal preference is to HOLD it literally and physically. Otherwise, any shares or options are just electronic 'money' and are subject to the same wild fluctuations as the stock market. Often, people hold physical gold to avoid losing their savings on the stock market so buying gold 'shares' doesn't make sense for them and that's me.
As with other online purchases, after you set up your account, buying gold online can really be as easy as point-and-click. The best dealers always have a well-organized website with easy navigation to find and compare products by category (for example, by bullion, weight, coins, out-of-mint coins, etc.)
When you find a piece of gold that you want, just click into the listing to review all the details. As with any online shop, you can add it to your cart or just buy now. You can then change the quantity if you want or add more to your cart. From there you just click through to checkout.
The special thing to note about buying gold online is that once you start the checkout process with most dealers, your price is locked in for a short time, usually only 10 to 15 minutes. You need to complete your purchase before that price expires and your cart page refreshes and you see the price will have adjusted up or down, based on the live markets. Once you complete checkout, you will receive an email confirmation along with ongoing emails with shipping notifications.