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 seconds, gold held firm. Nowadays investors regard gold as a safeguard against inflation. When the cost of living begins to increase, the price of gold rises accordingly but when inflation eventually falls, gold remains high. As an investment, gold is seen by many as a reliable insurance policy against the uncertainties of the future and one that is sure to pay dividends.
3. Portable Portfolio
Gold bullion, particularly in the form of ingots, wafers and coins, has always been prized as a portable asset. In times of unrest or political instability, gold is infinitely easier to carry than other investments such as works of art or antiques. A portfolio of virtual gold is the simplest of all to transport. With twenty-four hour trading available from reputable online dealers in precious metals, investing in gold is fast and convenient. There are many options when investing in gold bullion from a variety of coins and bars to virtual gold or buying shares in the gold mining industry. Some aspects of making investments in gold can be difficult to evaluate but with a trusted dealer such as Indigo Precious Metals, you can rely on their advice and experience to become one of the smart investors.