— Steve Preddy (@JackSproxton) October 4, 2015
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One of the key selling points of buying gold from BitGold is that it is promoted as being the safest way to pay in gold. You might be wondering how and why they can make that claim and it could be that an honest BitGold review might be the only way to satisfy your curiosity. Actually, it only takes a quick look around the BitGold.com website to see exactly what they mean when they tell you it is the safest way to pay in gold. Here are just 6 reasons why you can feel safe with BitGold for payments.
When you use gold as the standard for currency, it needs to be authenticated at 99.95% pure in order to live up to the International Gold Standard for valuation. Buying gold from BitGold ensures that your gold will have its value authenticated so that there is never any question as to what your equity is in your investment.
Paying in gold is not without its perils. If you need to physically carry gold from one location to the next, you are always subject to loss or theft. With your gold held for you at a Brinks vault that is totally safe, you need never worry that your gold can be stolen before you actually get to use it for payments. Not only is your gold stored safely for you at a Brinks vault but it is fully insured as well. Neither of these services offered by BitGold.com will cost you a penny over the price you paid for your gold. They are part of the package deal and a great part of what keeps your gold safe for you to pay with.
Paying with currency can be a tricky matter, especially when you are paying a large sum of money. When paying in gold with a GoldMoney BitGold Prepaid MasterCard you never need to worry about carrying cash around with you and you have safe and convenient access to your gold twenty-four hours a day, seven days a week. You can move as much or as little from your vaulted gold to your Prepaid MasterCard and the only amount you will ever be charged is a 1% spot price. There is no monthly fee that would affect the amount of cash value you have in your gold.
Speaking of cash value, when you are paying in gold you will always have value. In fact, you might even have more value because as the dollar declines, the value of gold rises proportionately. It could just be that when you bought your gold bullion from BitGold you paid less for each gram than it is worth now. All key market indicators predict that the value of gold will rise in 2016 because the United States dollar will decline in value due to economic conditions.
However, you should also be advised of the fact that the GoldMoney card is not your only option for paying in gold. You can also transfer money from your account to another BitGold customer to another with absolutely no transfer fees. Not only is BitGold the safest way to pay in gold but the cheapest as well!
When you are talking safe, what could be safer than transactions that are digitally protected with military grade encryption? If you are going to log into your account to send money to your bank, to another customer, for an automated payment or to your prepaid card, it is nice to know that BitGold uses military grade encryption for ultimate protection against hackers. Looking for the safest way to make electronic payments? BitGold provides just that by using RSA 4096 and AES 256 encryption.
All of these benefits are among the most popular reasons why investors from all over the globe are buying gold through this innovative platform. You can read an honest BitGold review to see just what investors are saying about BitGold for payments and why it is the safest way to pay in gold. Once you see what others are saying and try it for yourself, you will agree that paying in BitGold is safe, easy and cost effective since there are no monthly fees. When it comes to safety, BitGold has your back.
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In today’s market, many investors are scurrying around for a safe investment platform because there are rumors that the economy is headed for a major collapse at some point in 2016. While there will always be doomsayers and those who predict the worst, even in a bull market, there is growing agreement among market analysts that China’s recent problems will soon be affecting global economies. This honest BitGold review is intent on offering a bit of wisdom on why investing in a gold bullion can offer the security you need now and in the event that another crash like the one experienced last decade should occur.
Why Investing in a Gold Bullion Is a Sound Decision
For as long as there has been recorded history, mankind has been fascinated by gold. This most stable of the noble metals was used in worship rituals, the adornment of burial crypts, jewels for kings and queens and yes, as currency to buy and sell goods. To some, the value of gold is way over inflated, yet to others, gold is a precious commodity upon which every currency should still be based. Yes, it has been over a century since the Gold Standard was in effect in the United States and elsewhere, but gold is still the currency that will survive any financial storm that heads this way.
A Historical Perspective on Gold Valuation
Once the true value of gold is appreciated, it is important to decide on a method of investing that suits your strategy. Some investors are savvy enough to dabble in futures and options but investing in a gold bullion is by far the safer alternative. You will be buying real gold as pure as it comes and this precious metal will not soon lose any allure or real value. Over time there may be a few dips in the road but overall, gold will continue to gain value if left to sit in the vault without being borrowed against or sold. In order to get a visual image of this continual rise in the price of gold over time, consider that gold was selling for approximately $220 USD in 1970. Five years later gold was valued at $453 while just six years after that it reached an all-time high at $1600 in 1981.
Over the next 19 years, gold began its descent to $354 in 2001 and then began climbing again to where it is valued today in 2016 at a spot of about $1250 per ounce. Although gold is not valued yet at that record-setting $1600 per ounce that it was valued at in 1981, analysts believe it is headed that way and more quickly than previously expected. With a decline in the economy as was experienced in the late 1970’s, gold will continue to gain in value until it reaches well beyond that $1600 mark. In fact, there are many analysts who feel that gold will reach the $2,000 mark by year’s end.
You Don’t Need a Small Fortune to Invest in a Gold Bullion
One of the real benefits of looking at BitGold reviews and in visiting the BitGold.com website is to get a look at a gold investment platform that doesn’t require you to have huge amounts of money to invest. At BitGold you can buy gold in increments as small as a 10gm cube and over time it will potentially grow by half again as much in value. That time is said to be short-lived because this is the year the economic climate is set to spiral downwards more quickly than could have been anticipated even just last year.
If you are looking at investing in a gold bullion, check out the BitGold website, read an honest BitGold review on the site and then check out how you too can make an affordable investment to safeguard your future. The United States currency may soon deflate but gold will continue to rise. Investing in a gold bullion is always a sound investment but in today’s market that is nothing more secure.
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In today’s market it is becoming increasingly evident that gold is a sound investment. Although gold has always been considered to be the most stable currency, many new investors seem to prefer the allure of riskier investments. Once you understand just how stable the gold market is and why it is a wise investment, it’s time to think about the best place to buy gold. The information you find here is there to help you understand exactly why gold is the perfect investment product in today’s economy and what you should be looking for when choosing where and how to buy gold.
Accountability and Transparency
When looking for the best place to buy gold, there are two key elements which must always be in place. The firm you purchase your gold from should be accountable for all transactions so that you can be assured your investments are safe and secure. In a digital age, all information should be transmitted securely so that the investor’s privacy is always protected. The best place to buy gold should accept accountability for every gram of gold held in vaults and that all transactions are transparent, with no hidden agenda written between the lines.
Immediate and Ongoing Information
You should never buy gold on impulse. In fact, you should never make any investment on impulse or as an emotional response to high power advertising. Your decision to invest in gold should be based on being informed. The best place to buy gold will keep you informed of market conditions and factors that could affect both the price of gold and the advisability of buying and/or selling. Look for a dealer in gold that will offer honest and well-written information for you to study and learn from. It is only through a solid understanding of the market that you can make well informed decisions in regards to your financial future.
Honest Customer Reviews and Professional Recommendations & Affiliations
It is also important to know what others are saying about the firm you are dealing with. Look for unpaid mentions in well-respected financial news media and honest customer reviews written by those who have dealt with the company or brokerage. Also, you may wish to look at professional affiliations to which they belong. Any and all references are beneficial when looking at the best place to buy gold.
Providing Investments within Your Means
One of the main reasons so many potential investors went elsewhere over the years is because of the initial layout of capital they were required to invest. Traditionally, gold dealers and brokers sold gold by the 1 oz. bar, which was at times cost prohibitive to those just starting out. If you are new to investing in gold, you may want to keep your investment manageable to a few grams at a time. This is quite doable with the right firm and if it is held in vault for you, fully secured by a renowned company like Brinks, you can be assured that your gold will be there safe and sound while you build up your stock.
Ease of Transactions
Another thing to look for when seeking the best place to buy gold is the ease at which you can make transactions. Can you simply go online, make a wire transfer, buy gold with a debit or credit card, use China UnionPay or INTERAC? Those are some of the options available to you with a secure site like BitGold.com and with military grade encryption, you can rest assured that online transactions are as secured as classified government data.
24/7 Access to Vaulted Gold
When choosing where to buy and store your gold, consider whether or not you will have 24/7 access to the gold in your vault. While your gold may be stored continents away and secured by Brinks, you should still be able to gain access to your gold any time of day or night. This is a very important consideration when looking for the best place to buy gold because there may be times when you need to redeem it for its cash value. With a GoldMoney Prepaid Mastercard you can quickly redeem as much of your gold as you need at local merchants, online or you can even pay bills if the need arises. That’s 24/7 access in its truest sense.
From the Comfort of Your Home
One last consideration is in terms of the physical location you must travel to in order to buy gold bullion. Why not buy gold from your computer located at home, right there in your lap as you recline after a hard day at the office? At BitGold.com you need go no further than the nearest computer and that convenience is often the determining factor when choosing the best place to buy gold. There is no need to travel downtown to a broker or send off in the mail for brochures and pamphlets. Simply log on, read a BitGold review or two and follow the easy steps to become an investor within moments.
Since there is no limit imposed on you, you can start small and add to your store of gold over time. Buy as quickly or as slowly as you’d like and rest assured your gold is safe and fully insured. Where is the best place to buy gold? Right here where you are – on your computer!
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Knowing that there was a time when this extremely rare precious metal was the basis for most, if not all, currencies around the world makes it highly attractive as an investment product. After all, there is only so much to go around and since it is still much in demand for global currency reserves, jewelry and for certain scientific uses, it is now and forecast to always remain in high demand. However, that alone isn’t enough to base a decision on whether or not you should be investing in gold. Yes, it is the most precious of the noble metals and yes it is the rarest and hardest to come by, but what other factors should be present for gold to be a good investment?
The first thing you should look at is the market, that is to say the economy. Like any other investment product, you need to understand the market in order to determine if and when to invest. Whether or not you choose 2016 to begin investing in gold should be based on market conditions, plain and simple. So then, let’s take a look at current market conditions around the world and then look again at whether or not it is a good idea to invest in gold in 2016.
All Eyes Are on the United States
One thing that many people aren’t aware of is the fact that the value of gold is inversely proportionate to the value of the US dollar. If the dollar in the United States is strong, the price of gold plummets accordingly. If the US dollar is weak, the value of gold rises in proportion as well. This is on a global level too as other countries are likewise directly tied into the United States economy. The USD is not only the most traded currency on the Forex market but is also considered to be the strongest currency historically. Around the world the price of gold is highly dependent on the US economy. So that’s where you should begin looking if you want to know if 2016 is a good year to invest in gold.
Predictions on the Rapid Decline of the USD in 2016
According to most analysts, the USD is heading for a major fall. In fact, many market analysts forecast the US economy to plummet much faster than expected. So what does this mean in terms of buying gold in 2016? Bearing in mind that as the value of the dollar goes up the value of gold goes down and vice versa. This means that if the United States economy goes bust then the value, and price, of gold will soar. However, it is important to also keep in mind that this will almost certainly have a snowball effect on many other economies around the globe. What is being forecast for 2016 is a global recession of historic proportions making the most recent ‘crash’ in 2008 seem like a walk in the park.
Worrying Signs Not to Be Ignored – Instability in the Global Market
Bearing in mind that the price of gold has a proportionate relationship to the value of the USD, most analysts are actually forecasting the price of gold to reach historic highs as the USD is forecast to reach historic lows. But this is not the only worrying factor that has many market analysts on the edge of their seats. As reported by the BBC in November of 2015, OECD (Organization for Economic Co-operation and Development) states that the world economy is definitely slowing down no matter what heads of state would have you believe. Here again, we call attention to the fact that other economies are largely dependent on that of the United States, so it stands to reason that if the giant superpower falls so too do numerous global economies, too many to count.
In addition to worries over the economy in the United States, China’s economic problems have been making headlines for months. As another of the world’s leading economies, second only to the United States, this is a huge cause for concern. In the past they had overtaken the US in some areas but because the United States GDP has remained so strong, at least to date, they were still staggering to follow in second place. With news of their market crash in the latter part of last year, concern is now more than doubled because the two leading economies are forecast to plummet.
What Does This All Mean for Investing in Gold in 2016?
It keeps going back to the fact that the price of gold will continue to rise as the value of the USD declines. Since all forecasts look to a more rapid than expected decline in the USD, then it can be assumed that the price of gold will rise. Fortunately for those intent on investing in gold, it is further thought that the concerns over the United States economy will send the price of gold skyrocketing as investors verge on panic looking for somewhere safe to place their money.
The only downside to all this is that few people have massive amounts of money to invest at this time. Remember that we are supposedly just rising out of the latest recession. Investors would be wise to consider buying gold, even in smaller amounts, to begin accumulating something of real value as opposed to putting their hard earned money into accounts that are only backed by government reserves and money that is set to decline by the day.
Spending vs. Savings – At BitGold You Decide
At BitGold you can find real reviews from people who had little to invest at first but are basking in the security of knowing their gold is safely stored for them. Their gold can be used to make payments, as a transfer to their bank or spent with an optional BitGold MasterCard. Any gold they have purchased can be also be sold at prices within 1% of the current trading price. Are you looking to invest in gold? Start out with smaller amounts at BitGold and watch your value grow as the dollar declines.
Spend your gold any time you’d like or continue growing your savings. It’s up to you at BitGold but the one thing you can always count on is that there is real gold being held in your account and unlike paper reserves, you have real value in real gold. Remember, the only impact a recession will have is to increase your net worth so in the end is 2016 a good year to invest in gold? The answer is quite simple! There has never been a better time to buy gold based on all market indicators. Looking to buy gold? You came to the right place.
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You are probably here because you have heard the buzz going around the Web about an innovative new investment product and are looking for an honest BitGold Review. That’s one thing you’ll find scattered about our site and that would be honest reviews from real people just like yourself. Unfortunately, it wouldn’t be quite right to review our own product so what we will do is tell you a little bit about it along with what BitGold means to others in an uncertain economy.
A Focus on Accessibility & Security
As the name would imply, BitGold is a way to invest in gold, real gold in bars and cubes. BitGold is not an option but a real investment in the real thing. One of the reasons more people haven’t historically invested in gold is because it has always been cost prohibitive. Gold is a precious metal that is quite expensive due to its rarity and most often has been sold in bars which at the price of an ounce would preclude all but a limited few to accumulate any great amount.
At BitGold you can purchase smaller amounts that belong to you once the transaction is complete and we will hold your gold in a secure setting. Fully insured at 100% of its value, your gold will be held in private vaults in such places around the globe as London, Dubai, Toronto, Singapore and Hong Kong. And the best part of this is that your gold is secured by world famous Brinks which the average investor just couldn’t afford to employ individually. Being part of the BitGold family makes it possible to buy gold in smaller amounts and employ the world’s most famous security firm as part of the ‘package’ at no extra cost to you whatsoever.
Why Invest in Gold? The Bottom Line
When looking for something to invest in, it is said that nothing is as safe as gold and at this point in time, that is probably an accurate statement. Market analysts are forecasting another global recession, but one that will make the crash of 2008-09 pale in comparison. The reason for this is because of how gold is valued. A more complete explanation can be found in “Is It a Good Idea to Invest in Gold in 2016?” but in short, gold is valued relative to the USD, United State dollar. When the dollar is strong, gold is proportionately weak and vice versa.
So putting that fact together with what is being predicted in terms of the US economy, it is safe to assume that the value of gold will do nothing but increase as the recession brings the USD to record setting lows. The earlier you invest in gold, the more likely you are to see a significant profit. Remember, as the dollar devalues, gold gains in value. Now you see why this is a good time to place your money in gold. Even so, that probably leaves you wondering about how you can fund your account once you’ve set it up and how you can get paid if you want to sell (or spend) your BitGold.
Funding and Drawing from Your BitGold Account
One of the most important things you need to know is that BitGold is more than just an investment product. You can also look at it like a savings account which you can spend as you need to or sell if you want to cash out at a higher price than you bought in for. You can fund your account by wire transfer, credit cards, SEPA (Single European Payments Area), Interac or China Union Pay. Once you have set up your account you can add to it as you see fit and you can spend/sell as you want as well.
You also might be interested to know that you can send and receive BitGold in digital format to other members at no cost and you can also take advantage of a GoldMoney prepaid card that you can use at any retailer that takes major debit/credit cards. You can use whatever amount you want from your account and you can also replenish as you want. So, you see, it’s more than just an investment product as it’s like having a high interest bearing savings account and an investment in physical gold all at the same time.
With a questionable global economy, it is never more important than now to find a way to invest money in something that will only seek to gain in value if the economy hits the rocks. With most of the rest of the world tied into major economies like the United States, it is essential to arm yourself in the event that the dollar bottoms out. Gold will always have value and is seen as a safe investment, especially in troubled economies. Simply by checking out a sampling of the honest BitGold Reviews we’ve posted around our site you will see that other like-minded investors are arming themselves for the fall which most analysts believe is coming in the very near future.
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As the newest, most innovative gold investment platform on the market today, BitGold is quickly gaining in popularity. At bitgoldreview.org we offer honest BitGold reviews so that people looking to invest in gold bullion can understand that there are affordable ways for the average person to break into the market.