3 Reasons Why Gold Investment Is A Smart Investment
When it comes to investments, gold has always been the first commodity to be thought of and for some of the smartest reasons.
1. Secure Wealth
For centuries gold has been a reliable form of hard currency that is universally acknowledged as an asset, ideal for being traded or exchanged. Gold can cross international borders and still have value in every language. As an investment, gold is viewed as a commodity that offers security. Some investments such as tin or aluminium have fluctuated over the years. Others such as the desperate craze for tulips in the 1600’s are entirely at the mercy of fashionable trends. Gold’s most reliable asset is staying power. Statistics show that the value of gold has steadily increased in at least the last two decades and shows no signs of going into a decline.
2. Fights Inflation
Many countries once based their entire economies on the Gold Standard. They perceived it to be the best way to measure inflation until the turmoil of the Depression in the 1930’s caused them to rethink. However, it wasn’t gold that failed, in fact the spending power of this lustrous metal actually increased and while paper money lost value in …
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