Is it worth it to invest in gold? Is gold a good investment? The short answer is: yes. Gold has always been considered a valuable exchangeable asset, and it can be traced back to 550 BC, which is when gold coins were first introduced as a formal currency by king Croesus of Lydia. Today, the shiny metal can be considered even as an investment option. Due to the pandemic, gold prices have surged in an upward draft in a steady momentum going above $2000 and are predicted to be reaching a staggering number of $2300 per ounce, thus making noble gold investments widely considered as a safe haven investment amongst other types of investments in the wake of the COVID-19 pandemic.
Still not convinced? Let’s read together with the following benefits of investing in noble gold:
Gold can serve as a great hedge for inflation and any other financial instability that can affect your wealth. Other financial investments possess a liability that can damage your bank accounts, such as stock market value dropping or currency inflation. But that is not the case with tangible assets like gold, which moves differently from other investments. This means that when the stock market declines, that won’t necessarily be the case with gold. In correlation with the 2007 to 2009 crash, investments like properties and stock went downhill while gold went up incidentally.
In the event of an unfair government policy or action, e.g., funds confiscation, freezing bank accounts, etc., you still have gold that can be easily exchanged and widely accepted as an international currency. Having a piece of your wealth segregated outside of a banking system can serve as reliable protection.
As mentioned above, gold is easy to sell as it is an international currency. There is always interest regarding gold as it has been proven through history time and time again. This means that there is still a customer base that wants to trade your gold, unlike modern art, priceless artifacts, collectibles, etc., that is niched, difficult, and takes time to sell.
Gold will forever have value. In the event of an economic crisis that causes banks and any other financial institution to go bankrupt, your noble gold investments won’t go down with the ship and be liquidated like the rest of the stock investment. This is a crucial reassurance because when all else fails, you will still have your physical gold as your plan B.
Consider investing in a gold IRA firm to protect your assets from a financial crisis. It is considered a safe haven by many, and they are not wrong for doing so. Like the old saying, “It’s better to have an umbrella before it rains”.…