A Recession-Proof Form Of Income

Historically Stable

Gold is considered recession-proof because of a long history of worth remaining stable. Throughout the nineteenth and twentieth centuries, gold had stretches of more than 50 years at a time in which the worth remained within 6 cents of the initial price. In the past few years, it has risen drastically, but there are no indicators that the price will suddenly drop.

Recession Proof Income

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How it Stays Valuable

Those who have been affected by the struggling economy may be looking for ways to earn extra income. With a surge in advertising, many are aware of the demand for gold. Buyers are willing to pay high prices for scraps of gold, such as old jewelry, dental fillings, and any other items.  Since the dollar is constantly changing in value, some feel that investing in currency is not as stable. History shows that gold is a stable investment, even when national currencies begin to decline. Since there is a global demand for gold, this is another factor in maintaining its value when other investments drop significantly.

Investment Opportunities

Buying and selling gold bars is one way to invest, but this typically requires a large amount of money up front. Some individuals with less available income may choose to partner with others who are seeking investment opportunities, thus providing fewer of their own dollars. This allows smaller-scale investors to stay involved in the prospect of earning high returns.

Economically Influenced

Gold pricing is influenced by supply and demand, and there is always a high demand for gold. Many countries mass-produce jewelry and other fineries, and require a certain amount of gold to meet their needs. For this reason, gold stays at a high price since most do not have enough in reserve. These factors help to ensure that gold stays valuable, even in a sinking economy.