For all intensive purpose, gold is money
Gold has been used as money, or the equivalent thereof for the past three millenniums. It is common knowledge that coins and paper currency do not hold their value. Inflation eats up the purchasing power of all hard currencies, while gold , in the long run, it's impervious to inflation. In the long run, gold has been and is the benchmark , when it comes to storing value. Here are four reasons why Gold can be a good investment:
1. Gold Will never go down to zero or $0.11
When the 'bottom drops out' of the economy or even a sector of the economy (think Luna), having gold in your investment portfolio is a very prudent investment. It acts as a safety net, when the winds of the economy turn in an unfavorable way, whether it be in your own country or has gone global
2. Gold is a safety valve versus inflation
When there is inflation the value of currencies drop. In the long run all currencies have depreciated in value, when stacked up ' head to head' relative to gold. The return of gold throughout the years has been much higher than the rate of inflation
3. You can liquidate your gold quickly
Gold is easy to sell and is completely portable ( you can store it on a secure digital wallet). No Ivy League degrees are necessary to purchase, sell or recognize gold. It's very simple, and all you have to do is buy it and store it
4. Gold is protection against volatility in the market
Volatility and risk are mitigated by having gold in your portfolio.In fact, gold enables wealth during times of geopolitical tension and a faltering economy
In conclusion, if you are planning to invest in gold, feel secure in knowing that history has proven it to be one of the safest and most time tested investment to consider
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