Investing in Gold Nuggets
Investing In Gold Nuggets
All one has to do is to look at a 10 year gold chart to see the upward trend in gold prices over the past 10 years.
ARE GOLD NUGGETS A GOOD INVESTMENT?
Are Gold Nuggets a good investment? Quite simply, "Yes, they certainly are." While natural gold nuggets have a basic gold value as "money" meaning if there is ever a time when fiat currencies are no longer accepted, or are so devalued as to be essentially worthless, and gold and silver become the medium of exchange of last resort, solid gold nuggets will be used alongside gold coins and bars as a medium of exchange.
It is possible that in such a situation gold nuggets may be even more useful than gold coins or bars, as most gold coins and bars are in one ounce form or larger, whereas natural gold nuggets can be purchased individually in sizes smaller than a tenth of a gram.
Natural gold nuggets also have the added value of being collector's items, similar to rare gold coins. Natural gold nuggets are rarer than diamonds. Most of the gold nuggets found throughout history were melted down and processed into coins or bars or used to make jewelry and ornaments. Only in the past 20 years have many people started to collect and hoard natural gold nuggets.
Because of all the gold seekers over the years, it is increasingly difficult to find natural gold nuggets. As they say with many other rare things, "they aren't making any more of them". So natural gold nuggets become rarer as time goes on, and demand increases as more and more investors move assets into all forms of gold. The last serious bull market in gold peaked in 1980. Many professional gold traders believe that the current bull market in gold (as of early 2013) is still in its early stages.