Paper money is… well, paper. Maybe it’s time to look at money a different way, considering currency is created with an intrinsic promise of value. Our governments hope to maintain this promise by regulating the economy and minimizing inflation. However, economies are dynamic entities, and people are becoming increasingly wary about the global economic web, a place where a seemingly small crisis in one hemisphere can devastate another. There is a growing sentiment that major crisis followed by economic decline is right around the corner. Therein lies the popularity of investing in something tangible, valuable, and a staple in the history of world currency: gold.
There are several ways to become an investor in gold. You can go for the simple, direct ownership, which means owning and storing your coins, jewelry or bullion. You can choose to trade gold just like any other commodity on the stock market through gold exchange-traded funds or opt for gold mutual funds which hold gold related stock portfolios.
Here are a few reasons you should be an investor in gold, and why this kind of investment is a practical solution for an ever-changing economy.
The Advantages of Investing in Gold
Gold has been the most highly valued precious metal since mankind developed metal-working skills. Gold is valuable because of its malleability, conductivity, longevity and many other properties that make it “the gold standard” for precious metals.
Further, many consider gold reliable in times of inflation. Unlike other commodities, gold doesn’t lose value over time. Further, it is resistant to unstable economic rifts because it has always held value, and likely always will.
An illustrious history of gold’s value has shaped our global economy. Moreover, gold has the magnificent property of becoming a universal currency in times of crisis. Gold always has been, and always will be, an investment to secure you and your family in an era of unpredictability.