Thinking about Buying gold in South Florida?
Especially during turbulent economic conditions, purchasing gold can provide added stability and structure to your financial portfolio. Investment analysts often recommend the purchase of gold as a way of offsetting potential losses from other types of investments. At William Youngerman Inc., we buy and sell precious metals including gold and gold coins. Here are some good reasons to consider an investment in gold today.
Gold Retains Its Value
Even when currencies and the governments that back them have lost their value, gold continues to be in demand among investors. This precious metal has been used to mint coins, to create exquisite jewelry and as a security backing various currencies. Gold has also been used as a medium of exchange thanks to its intrinsic value and the many ways in which it is used in the consumer marketplace and the overall economy.
Gold Is a Great Hedge Against Inflation and Deflation
Maintaining a percentage of your portfolio in gold and other precious metals can provide you with a valuable hedge against fluctuations in the currency marketplace. This is because gold’s price is generally sticky thanks to demand and the value of this precious metal.
During inflationary periods, gold’s price typically goes up to adjust to the current cost of living. This ensures that the value of your portfolio stays stable even when adjusted for inflation, which can provide you with added peace of mind during these financial fluctuations.
Recessions and deflation can often affect the value of your investments. Gold is resistant to decreases in its value, however, and can bolster the financial performance of your portfolio during downturns in the economy.
Gold Is in Limited Supply
Gold is a naturally occurring metal that must be mined from the earth. As a result, the world’s supply depends on the amount that can be found by mining companies and the gold already in circulation as coins, in central bank vaults and in private collections. Gold mining is a long and difficult process that may take five or ten years to produce meaningful and profitable results.
Because the supply of gold is very limited, purchasing gold as a long-term investment makes sense. As the supply shrinks even more, the value of gold will likely continue to go up thanks to increased demand versus a limited supply. Some financial analysts are already reporting on signs of increasing demand for gold as a stabilizing component in today’s volatile economic conditions.
Gold Offers Long-term Security
Governments, international organizations and major banking institutions rely on gold as a method for backing their currencies. This ensures that gold will always be in demand by individuals and government entities alike. As a long-term investment, gold offers outstanding security for your financial outlay and can produce solid returns for you now and for many years into the future.
If you are wondering where to buy gold, William Youngerman Inc. makes buying gold in South Florida easy and convenient. Our company has been serving the South Florida area since 1967 with the right solutions for purchasing or selling precious metals, coins and gemstones. We pay top dollar for your gold bullion or coins and buy and sell the following items:
- Rare world gold coins in good condition
- U.S. gold coins
- Luxury watches
- Gold jewelry
- Gold and silver bullion
- Sterling silver flatware and platters
- Diamonds and diamond jewelry
- Certain obsolete note currencies
We specialize in selling and buying gold in South Florida. To learn more about the services we offer, please give us a call toll-free at 1-800-327-5010. William Youngerman Inc. is here to help with the selection you want and the services you need to get started in gold investment strategies.
