Why Gold is Key to a Smart Savings StrategyApr 19, 2016
These are the reasons why we believe gold can be useful to anyone’s overall savings, and describe the key differences between having a gold account versus your traditional savings or spending accounts.
1. It Is Permanently Yours
Over the course of history (6,000 years!) gold has been ultimately chosen by every great human civilization, community, nation and society as the desired currency due to its permanence. When you buy gold, it’s always yours. In fact, you never really own it you’re just looking after it over your own lifetime because it will outlive you, your children and even your descendants thousands of years from now.
2. Gold is just a currency like Dollars, Euros, Yens or Pounds
Most national currencies were linked to or redeemable in Gold until 1971 when “Fiat Money” was re-introduced by the United States and soon thereafter every other country. Since then, gold has gained over 3,000% vs. the US Dollar which is arguably the world’s strongest fiat money. Gold may seem to go up, down or sideways but in reality and when viewed over long-timescales such as the avg. human life-cycle – it always rises. Sometimes, you don’t even have to wait that long as the table below shows Gold’s been rising against 9 of the world’s most famous and well known currencies almost every year since 2000!
3. Gold Preserves Purchasing Power
Only gold provides effortless long-term preservation of value. The scientific properties of gold are what make it so special. As humans we have nothing else that has a cost-structure which is linked to our natural human systems (farming, energy, labor, mining) that is also permanent and inexpensive to store (At BitGold, storage is free!) Gold is the only element that allows us to effectively measure the value of food and energy, over long periods of history. That is why it’s future cost will always also be related to the value of food and energy.
4. Gold is not an Investment – It’s a Store of Value for Long-term Predictable Savings
The biggest mistake people tend to make is comparing the price and performance of gold with investments such as stocks or bonds. Gold should only be compared with currencies because fiat currencies were introduced by governments in 1971 to replace gold. An investment in the stock market or the purchase of a house requires management, oversight and running costs. Investments also carry risk of total loss. For every successful investment such as shares of Google or Apple there are also failed investments such as shares Lehman Brothers or Kodak. Gold doesn’t require any upkeep, it’s just a piece of metal that is very expensive to produce and very cheap to store.
5. BitGold Offers the Cheapest & Fastest Way to Buy Gold
New innovative technology is changing how commerce and currency can work more efficiently. At the most fundamental level, BitGold is here to help you preserve your wealth. Our success is built on your success. We’ve begun a journey to build a global operating system for Gold that is designed to enable you to save, and pay how, when, and where you prefer. There are no minimums. Start with as little as .01 grams of gold!
All you have to do is login to your BitGold Account now, click deposit and choose your preferred payment method. You are just one step away from owning some gold and beginning your own savings tradition.
BitGold also allows you to easily track the price of gold by visiting our Gold Price Charts or our Live Price Page that helps you understand the unbiased value of gold in 106 currencies. You can even set an alert for a specific gold price in your local currency. When gold reaches that price, you’ll be sent an email.
The best time to have bought gold was 50 years ago. The next best time is today!