For most of recorded history, gold has been recognized for its value.  As early as the Book of Genesis, we are told of the preciousness of gold.  In the story of Abram (Abraham) whom God blessed and promised to make a “great nation,” we see this illustrated.  Living a nomadic existence, Abraham – like others of his time – traveled with an entourage of family and servants as well as all of his earthly possessions.  Genesis informs us that Abraham had become very wealthy during his journey and, among the possessions prominently named, is gold.  As time passed, gold became a medium of exchange and governments throughout history, including the United States, valued their currencies according to a gold standard.

Today, gold is a commodity that should be a part of every investor’s portfolio.  Not only does gold represent perhaps the best hedge against inflation, but has historically provided solid returns for its owners.

For those interested in investing in gold, the price of gold is set twice daily by a group of five banks in London.  This price setting provides a recognized rate of exchange and facilitates changes in gold prices for parties to such transactions.  Spot gold pricing information is widely available, with charts proliferating on sites across the Internet.  Investors can own gold as a part of their active portfolios or in conjunction with their IRA’s or 401(k)’s.

A very convenient way for new and seasoned investors to purchase gold is in the form of gold bullion coins.  These coins, as well as gold in other forms, are a very liquid investment.  And so, as you journey through your life, I think you – like Abraham – will find it beneficial and lucrative to own and accumulate gold as a part of your investment strategy.