In recent economic times that have been plastered with a great deal of economic difficulties and uncertainty for the upcoming times, many investors, families, individuals and many enterprises have seen the necessity and importance to secure their hard earned money in gold bullion and silver bullion in order to avoid any eventual hardships or instability within a national economy and its worldwide effects over the long term.
Investing in gold bullion and silver bullion has been historically linked to a great form of secure and highly rewarding investment. Given that the price of gold bullion and silver bullion has more than tripled over the last fifteen years, investors and savvy individuals are now analyzing these two markets and putting their money to work in order to guard themselves against any potential devaluation of their currency or uncertain economic happenings in the future.
Historical prices of Gold per ounce
Just to give an overview of the power itself that gold bullion has, it is definitely important to analyze the price of gold and how investors can put their money to work after analyzing certain characteristics. In the year 2004, the price of one ounce of gold was approximately $400 to $450 in the main international markets. By the year 2009, the price had surpassed $1000 and by August 2011 the price of gold reached an historic high to more than $1800 per ounce.
These prices reflect an overall appreciation of gold over the last decade or so, citing an excellent form of investment that has increased and will keep increasing in an alarming rate over the long term based on its scarcity and difficult mining process. Currently as of now the price of gold ranges from $1300 to $1350 an ounce with a highly promising future or surpassing its mark or even quadrupling it in the long run.
With these given statistics, there is no doubt at all that gold itself is a great form of investment that will keep increasing in its value over the long term. Gold can be bought at various online dealers in the most stringent and safest security standards. The most common form of bought gold is gold bars (also known as gold ingots or gold bullion) as well as gold coins, which can be purchased directly online and then mailed to their buyers anywhere in the world with a physical commercial or residential address.
Another great form of investment is definitely silver bullion which has been increasing its value in the same way as gold bullion has increased over the long term. The unique characteristic about silver bullion is also the fact that silver has been consistently increasing at rapid rates, is an ideal form of secure investment and will consistently be an ideal form of putting money to work given that silver bullion is more accessible in terms of prices and respective affordability.
In terms of silver prices and their overall statistics, silver has similarly been increasing in value and price just like gold has been also increasing over the long run. Likewise, sudden drops in prices of gold tend to also affect the silver bullion market with sudden price drops as well in the same magnitude, signifying an overall approach toward certain price drops and ups based equivalently in both metal bullions.
Buying Gold and Silver Bullion with Cryptocoins
One of the most interesting characteristics about buying gold bullion and silver bullion is the fact that individuals can pay for it with Bitcoin in several online dealers. Individuals can effectively buy gold with Bitcoin or altcoins as well as silver with no barriers whatsoever, giving investors and prospective customers a new technologized and revolutionary way to pay for their specific bullion orders with one of the best digital currencies in today’s time.
Given these reasons, the level of flexibility and overall prospective potential of returns, we highly encourage investors to put their money to work within gold bullion and silver bullion markets, especially in these current economic circumstances and the uncertainty about the economic climate over the years in the long run.