The Sanity of Tangible Assets

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Watching the stock markets of the world roll up and down can be a fun game. When the downward roll wipes out your nest egg and personal assets it becomes a lot less amusing. The hollow promises of your investment advisor that the market will recover do no seem to be coming true as the market continues to slide. It's flat insanity to continue to invest as you have in the past.

A much better plan would be to leave the insanity of the markets behind in favor of the sanity of tangible assets. These are assets that you can see and touch. You can live in them, drive them, and hold them in your hand. They are very, very real.

These assets are the most practical kinds of investments. They have an inherent use over and above serving as a store of value. They are less subject to the vagaries of the market, the peccadilloes of executives, and the trends of regulators.

Some of the most popular tangible assets right now are gold coins and bullion. In the first quarter of 2009, individuals and private investors bought 130 metric tons of the stuff. It's pretty to look at, nice to hold, and stores value much more effectively than savings account.

Even better? Gold's value as a tangible asset is recognized world-wide. There are absolute standards to be met for weight and purity, with all comers aware that in tight times this will always been legal tender. It provides a hedge and a comfort against the ups and downs of the prevailing fiat currencies.

Another bonus is that gold is very portable. You can take it with you when you travel or move abroad. Possession denotes ownership, without the need for mountains of legal documents and hefty lawyers fees.

Naturally, the mainline governments of the world are telling people that everything is fine and they don't need to be stockpiling durable goods and tangible assets like gold as hedges against future disasters. This is, of course, utter hogwash. You don't have to be a rocket scientist to see that things aren't getting better fast as the politicians want.

It's definitely still insane out there in the market. This is why you have a choice. You can either continue to gamble and lose in the markets, or you can trade the insanity of paper gains for the hard sanity of tangible assets.

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Peter Treble has 1 articles online

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The Sanity of Tangible Assets

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This article was published on 2010/03/29