Most of us have seen the prices of gold or heard about the gold prices soaring to all new record highs. We may have not even reached the peak yet and gold could go much higher. It’s a little over 1 thousand dollars an ounce right now. Some experts were predicting $1500 to $2000 an ounce in 2010. These predictions came from last year and not sure what the current predictions forecast for later on this year. So you see gold going up and you want in on the action. What should you do? Get a gold pan and a shovel and go look for it. I really think that is the best way to get your hands on some gold. At least it’s the cheaper way.

If gold is going to keep going up, your next best move would be to invest in gold bullion. This way requires less energy than gold prospecting, but will require a little up front cash. Even if gold doesn’t go higher this year, you have to figure over the next decade, we will see many huge jumps in gold prices. The bullion is something that is real and you can hold in your hands. This is much different than a piece of paper stating you own so many shares in a specific company. If worse comes to worse, that paper is only paper and that’s why I would prefer to buy bullion over other investment choices.

I don’t think anyone could argue that gold is one of the safest investments you can make. It has a long history of holding it’s value. It actually increases in value; when other things lose their value. Since I live in an area in North Georgia where gold is found naturally, I do plan to go prospecting this summer. It would be nice to find 10 ounces of gold this summer; while panning the creeks and rivers in this area. If I do strike out and can’t get gold the free and natural way. I will be looking to buy gold bullion or gold coins. I may invest a little money, into a few gold mining companies, but only to diversify my portfolio. I think buying gold coins directly is the best overall way to take advantage of these soaring gold prices.

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Tags: buy bullion, buy gold bullion, gold, gold bullion, gold coins

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