Buy Gold Bars Or Buy Hermes Birkin Handbags?
I read the articles comparing the ultra luxurious and ultra rare handbags to returns provided by the S&P 500 and the returns you might expect if you were to buy gold bars. The first article I read was somewhat sparse in facts, but nevertheless deemed the Hermes handbags to be the superior investment, perhaps leaving some to wonder why they ever bothered to buy gold bars in the first place when handbags were such a superior investment vehicle.
What You Should Know Before You Buy Gold Bars Or A Birkin Handbag.
As a writer of articles myself, I knew that the authors of both articles are paid to put a spin on their subject and present it in the most positive light. Therefore, I read the articles with an eye for creativity, but of course keeping a keen eye out looking for facts. This being said, the article on BagHunter.com made some interesting points and comparisons, and in essence spoke the truth.
In This Video, ITM Trading Explains How Gold Is Traded.
The differences though between what happens when you buy gold bars and when you buy a fine handbag are numerous and should be properly addressed, and there are timelines that need to be accounted for. So please read on.
You Can Sell And Buy Gold Bars Worldwide, Birkin Bags Have A Very Limited Market.
We all know that handbags are not money, they are made to carry money. If you can afford a Hermes Birkin Bag, and apparently they range from above ten thousand dollars to well over one hundred thousand dollars, then you probably have some leftover to put into this exquisite accessory. When you buy gold bars however, you are really transferring one form of wealth into another form of more tangible and stable wealth. Advantage: Buy Gold Bars.
Also, when yo buy gold bars, you are entering a worldwide market that trades around the clock around the globe. Try liquidating a Birkin Bag in Albuquerque, New Mexico at 6 pm. Try liquidating S&P 500 shares in India during a holiday weekend. Lots of luck. When you buy gold bars, you have tangible wealth that creates its own market wherever you take it.
To further illustrate my point of the Hermes handbag circulating in a limited market, I can quote this fact from the article at Fortune.com:
“Hermès most famous two bags, the Birkin and the Kelly, are not even listed on the fashion house’s website. But one does not simply buy a Birkin online, or roll into the nearest Hermès retail outpost, although the stores do get a small supply. Connections must be made and brand loyalty displayed before a Birkin is offered. Or, if you have double the retail price to burn, you can hire someone else to source a bag.â€
To make sure my point is clearly made; you must be a longtime Hermes customer before you are indeed even offered the chance to purchase one of the finest of their finest handbags. Conversely, you can create an account at ITMTrading.com and buy gold bars that will be shipped directly to you registered and insured via United States Postal Service.
Finally, If you were to opt for the purchase of S&P 500 stocks and you decide not to buy gold bars, you will receive nothing tangible but perhaps paper statements showing theoretical gains and/or losses but very real investment cost charges and fees. When you buy gold bars at ITMTrading.com, there are no shipping fees, and of course there are no fees associated with storing your own gold, unless you so choose otherwise.
Buy Gold Bars In 1980, Or Buy A New Hermes Birkin Handbag In 1980?
The BagHunter.com article chose the begin date of it’s financial comparison to the performance you might encounter if you were to buy gold bars or S&P 500 shares or a Hermes Birkin Handbag as 1980. This is apparently because 1980 was the first year Hermes offered the ultra high end line of Handbags. So let us quickly compare timelines.
The Birkin line of Hermes handbags was launched in 1980. The S&P 500 in it’s present day form began in 1957. Hermes as a company began in 1837. If you buy gold bars however, the gold in those bars has been money for thousands of years, Advantage for market longevity and stability: buy gold bars.
Also, and this point should not be under considered, 1980 may have been the year of introduction for the Birkin handbag, but 1980 was also a particularly active year on the gold trading market, and a lot of people entered this market to buy gold bars all at once.
Just as Birkin handbags are rare, the gold needed to produce gold bars before you can physically buy gold bars is scarce. Demand drove prices to $700 an ounce and beyond in the 1980’s.
Had the Birkin line been launched ten years earlier in 1970, when gold was $45 an ounce, the comparison would have been staggeringly different. If you compare the S&P 500 performance along this timeline, especially if you factor in all the companies in the S&P 500 that went broke or fell out of the S&P 500, the decision to buy gold bars looks good too. Advantage: buy gold bars.
In the end, it is your choice if you want to buy gold bars or buy a Hermes Birkin handbag.If you would like to buy gold bars, ITM Trading representatives can take your call and answer questions you may have, or you can buy gold bars online at ITMTrading.com.