If you have checked out the news recently you are aware how difficult things have gotten for Europe, Cyprus approximately default and collapse unless they receive a bailout of $10 billion dollars. Everything is very critic and Cyprus citizens are extremely angry because the government really wants to confiscate 10% of their lifetime savings so they can pay and get the bailout.
This can be a really dangerous precedent, here we are talking the Government may take your hard earned money in the bank and use it on their welfare to save the nation. This means that your hard earned money is not safe staying with you, but storing everything in cash is additionally a bad option, since with rampant inflation you'll always loose purchasing power.
The very best alternative is Coins, gold happens to be money along with a store of worth, so long as you have your money in precious metals no one will be able to still your wealth. The cost of gold can go up or down depending on several economic factors and the timing, however gold will always be worth.
If hyperinflation hits tomorrow and you've got all of your profit cash you will be in serious problem, your hard earned money is definitely worth nothing in a blink of the eye. However if you've got a good amount of the money in gold, you don't have to worry because even when it comes with an hyperinflation or deflation you've secured your wealth in gold, you can use it to exchange it for other value, to buy land, buy food or anything.
Gold bullion coins are the simplest way to invest in gold because they are convenient to carry, they may be exchanged, they are a store of worth and they are accepted anywhere in the world. There are different kinds of gold coins, the three most popular ones are:
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The American Gold Eagles
Canadian Gold Maple Leafs
Krugerrand Coins
But retain in in mind when you will purchase gold you need to own the actual gold and store it your self, there is no point in purchasing a precious metal when the bank will keep it for you. Certificates and Paper ETFs aren't safe, you do not know when the bank has got the actual gold you're buying and also you don't know if they are going to create it for you whenever you request it.
The are lots of more gold certificates than there is gold to back it up, them moment that you attempt to get the gold out, the bank will tell you that they do not have it and that they will pay you in cash, which is worth nothing.
