The recent economic crisis hadn’t spared Canada as people expected. A large number of Canadians lost their jobs and the budgets of many Canadian families were in total disarray. Debt went on accumulating.
Experience has proved that investing in stocks, real estate and foreign currencies aren’t very safe ways of investing one’s money. US Dollar is not very stable. Gold has now become the preferred option to invest in because of its stable price, ever increasing global demand and liquidity.
Why Invest in Gold?
The present global stock of gold is very limited and the yearly addition to the existing stock is very negligible. It means that gold is never going to lose its demand and value. Unlike other currencies, gold price is not affected by political and economic instability in any particular country. Compared to stocks and bonds where you hold your investment in intangible form, gold gives the investors a feeling of security by allowing them to touch and feel their investment.
Where to Buy Gold?
Though gold can be bought from different sources, the best source of gold for investing in is the gold coins issued by the national government of Canada. The Canadian Maple Leaf Gold Coins are actually issued as currency but the value of gold with which the coins are made is much more than the face value of the coins. So even if the currency depreciates in value, the value of material with which the coins are made either remains the same or increases. Gold coins of different denominations and weight are available to suit the budget of all people.