Why Invest in Gold?

gold

To have a secured and better future, it is wise to invest your money. And nowadays, depending on your personality as an investor, there are a wide range of investment options. You cannot just put all of your money in one investment scheme. You need to have various investment options. Among one of these is to invest gold. There are major reasons why you should invest in gold. To help you decide as to whether you should invest in it or not, let’s take a look at the reasons why you should even invest in gold in the first place.

Why Gold

Over the years, gold has become much more accessible and investors can easily include it in their own investment portfolios. With diversified gold products, investors get the chance to broaden their investment choices and to use it as a hedge against volatile currency risks.

Golf Used as a Hedge

One of the major reasons why you should invest in gold is that you can use it as a hedge to offset your losses. Investors would buy gold to protect against inflation. For instance, if the dollar’s value declined in the same time period, the price of gold could double. Having a diversified investment portfolio allows you to lessen your risks and at the same time increase your rate or returns.

Gold possesses certain properties that you can include as part of your assets. In fact, experts say that allocating 2 to 10% of your investment allocation to gold can give you better investment portfolio. Nowadays, many investors invest in gold as it is a tangible and long term investment that that can reduce losses in case of a market shock. This is basically the reason why central banks use gold to address any portfolio risk.

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Using Gold as a Direct Investment

Whether you want to purchase gold bars or gold related products like jewelry items, gold is a direct investment. There have been increases in gold prices and investors can take advantage of the price increase in the future.It is a long term and valuable investment that has different uses. Governments and highly affluent people have golds in their investment portfolios so you should definitely have it too.

What It Means Having Gold

Investors should not risk their investment in just one option. This explains why there is a need for you to broaden your investment portfolio. You need to have some gold in your portfolio. You can use it as a hedge against the possibility of a stock market crash. Gold prices would increase after a stock market crash.

However, it does not mean that you should spend your money on gold alone. As with any investment, it can also be speculative. It has its peaks and lows. Having an all gold investment portfolio is too risky especially since it does not beat inflation. But if you want to diversify your portfolio and you want to address the risks and increase returns, having gold as part of your investment is definitely important.

 

FIRST-EVER AFRICAN-AMERICAN DIRECT COMMUNITY BANK

ESTABLISHED TO SERVE GROWING NUMBER OF AFRICAN AMERICANS DEDICATED TO BUILDING WEALTH BankBlackwell Becomes First Federally Chartered African-American Savings Bank in More than 10 Years

Boston, Mass., (March 28, 2005) — BankBlackwell (in organization), the first-ever AfricanAmerican Direct Community bank, announced today that the Office of Thrift Supervision has approved its application to organize a federal savings bank. BankBlackwell is the first AfricanAmerican bank to obtain a federal banking charter in more than 10 years. BankBlackwell’s consumer product offerings, to launch summer of 2005, will include savings accounts, CDs, mortgages and home equity loans, primarily targeting the rapidly growing number of AfricanAmerican households earning $50,000 or more. The Bank will employ a Direct Banking business model to reduce its overhead costs and will conduct business online, by phone and by mail. They also provide loan for anyone who wants to improve their business. This strategy is designed to enable BankBlackwell to provide its customers with deposit rates among the top 5% nationally, with no fees or minimum balances.

Founded by James Mundy, a former executive with OneUnited Bank, the nation’s second largest African American-owned bank, BankBlackwell aims to deliver value, convenience and community to its customers. The Bank’s products are designed to maximize personal financial advantage by offering competitive rates, easy 24-hour access to funds, and the opportunity to support the African-American community. The Bank will principally serve African-American consumers and faith-based organizations, as well as a wide variety of customers who seek value and convenience.

Key BankBlackwell product features include:

• Deposit rates among the top 5% nationwide with no fees, service charges or minimum balances
• Ability to bank online, by phone or by mail
• Quick, easy and secure online account openings
• Linked accounts to make deposits and withdrawals quick and easy
• Convenient 24-hour access to accounts
• Automated savings plans
• A hassle-free mortgage loan process with no “junk fees”
• Online loan applications and decisions — get approved in minutes
• Savings products, loan products and electronic tithing services for faith-based organizations

Our Bank

Established in 2005, Bank of Blackwell is the very first African American community bank dedicated to provide banking products and services. The bank was founded by James Mundy, a former bank executive of the One United Bank. With his extensive experience and expertise in the banking industry, he created the Bank of Blackwell. As a federal savings bank, we aim not just to provide our banking services. We aim to have a positive and significant impact to the community.

Our bank aims to help our clients to build their wealth and in turn help their respective communities. Part of our projects include websites like SmartYourHouse focusing on finding the best thermostat on the market . Bank of Blackwell is considered to be the very first federal savings bank that was able acquire a federal savings bank charter. This includes home equity loans, savings accounts, CDs and mortgages. The bank directs their banking products and services to African American households earning about $50,000 or more.

The bank guarantees its clients of maximized financial benefits with the competitive rates being offered, opportunity to give help to communities and superb customer service. Clients can also conduct bank transactions online which makes it easier and more efficient.