Economic turmoil has many concerned about the future — including the future of the dollar.
All of the talk about another round of quantitative easing has some worried that hyper-inflation is right around the corner. Since gold is seen as a hedge against inflation, it isn’t surprising that some feel that physical gold is a protection against the problems that can come when the Fed is pumping trillions of dollars of created money into the economy.
Others are just worried that the economy is on verge of complete collapse, and that physical gold might be the best currency available if the entire economy falls to pieces.
But before you jump on the gold bandwagon, it’s important to understand some of the basics of investing in physical gold.