Gold Investing is Education

During the 1990s, as we all saw and heard the bubble market phsycho-semantics, we didn’t pay attention to a very old piece of advice that investment professionals frequently offered its clients as a matter of course: purchase the site before you purchase the investment. To our misfortune, that loss of focus contributed to millions of people believing the nineteen nineties’ mantra that markets and the economy didn’t cycle anymore, that we were definitely headed to perpetual prosperity, and the stock market would never falter again.

This naive thinking cost investors trillions of dollars during the subsequent stock market correction. Even a cursory understanding and study of the financial markets and their history could have encouraged a more pragmatic portfolio approach. After all, the history of financial cycles, as a matter of fact, is just as rich in panics, crashes and mania as it is in bull market victories, although not only a few people on Wall Street would have subscribed to such anecdotal evidence during the 1990s.

First Learn, Afterwards Buy
Remember that old formulation: the education first, the investment second. In gold’s case, a more appropriate axiom might be, surf the World Wide Web or buy the newsletter before you purchase the investment. You can find most of the best information on gold – opinion, factual and analytical - is more readily available through the two previously mentioned sources than in any local sitestore or library. These venues are also a rich source of information in how to do the things needed in proper gold investing. This does not mean that there are not a couple sites and magazine articles available which talk about proper gold investing in your local sitestores and libraries. It doesn’t matter how you get your education, nonetheless it is critical for you to have a firm and thorough knowledge about gold before you make your first purchase of it.