Tuesday, June 30, 2009

The Prosperity Game - Day 30

I really like gold... A LOT. The biggest reason is that gold's purchasing power has remained very stable over thousands of years due to many of its unique properties, including scarcity (it's a bit trickier to find than other substances, like silver), ease and precision of divisibility, portability (because of large value per small unit of weight), and its demand due to the sheer beauty of the stuff!

I've owned various amounts of gold over the years. A few days ago, I bought some bullion, and that's usually the form I've held it in, since it's more liquid and therefore easier to sell. But now, since I have $30000 I think I want to delve into different formats, so for today:



I'm getting 32 of these 1 oz bars of gold. It is a little cheaper than buying bullion, and requires assaying when selling (to verify authenticity of the gold content). But I don't plan on selling these beauties anytime soon. I'm gonna keep them all just to look at and marvel over how something that small is worth so much. I really enjoy doing that! :-)

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