Thursday, June 17, 2010

Can we get rich with gold?

One of the question I often ask is how do people get rich with gold? It is so expensive and usually, it is a risk to store.

Then, my friend told me people do not buy huge gold ingots. They buy gold coins which comes in smaller denominations. That way, we can invest bit by bit instead of finding a huge sum of money to invest.

They told me the price of gold appreciates or remain very stable. Unlike money, they devalue as the years go by. Now, the interest rate is so low so it is not worth keeping money anymore. It is better to buy gold coins.

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