6 Reasons to Invest in Gold

It’s precious, shiny, sleek and of course valuable. It’s gold. Gold isn’t just a way to store value and diversify your portfolio, although it does that as well. Gold has a long history when it comes to investment, it’s been a top investment option for centuries, and yet it’s always one of the most popular. So you might be asking yourself. Why gold? What are the benefits of investing for gold? Well, good news you have come to the right place. I present to you 10 reasons to invest in gold.

1. Gold is making a come back.

It is true that gold may not be the centre of everyone’s attention anymore. However, it is making its gradual comeback making now the best time to invest. This is partially because of the decline of paper investment that is leading to a slow increase in gold investments. However, sometimes different investments are simply just trending at different times.

2. Gold is money.

Gold has been used as a currency longer than any other type of metal throughout history. Since gold is tangible, it creates a safety net to investors. Gold isn’t at risk of being virtually hacked. Other high-value items, like artwork, could take a long time to sell. Gold, however, you can it for cash on the spot if you ever needed to. If you store the gold itself, you can always sell it. While the investment may go up and down, gold has never hit rock bottom. Gold investments can never go bankrupt.

Fiat currencies (the government's currency) have a long history of failure and are not reliable. Gold is the real value fiat currencies have always represented in the past.

3. It’s a great beginner investment.

You don’t need to be a ‘Gold Expert’ to invest in gold. Unlike diamonds, you don’t need any specific knowledge or equipment to recognize. In fact, gold has some great options for investment that are perfect for new investors. With that said, more advanced investors have good reasons to consider investing in gold as well.

4. For Portfolio Diversification

Gold is highly recommended to anyone building or extending his or her investment portfolio. Some would argue that you could actually protect your portfolio from volatility by including gold in your investments. Also, gold investments have a very low interference rate with other investments.

5. Gold stands strong while the economy does not.

This is arguably the best aspect of investing in gold is that it can actually protect your other investments if a state of crisis happens. If you have a collection of investments, gold could be your saviour. Investing in gold is actually more common when the economy is going down. This is thought to be a ‘defensive play’. Even if there isn’t a crisis, gold can give some shiny returns over time.

6. Investing in gold has a long history.

Enjoy the luxury, gold has been loved and admired for so long that is creates a special feeling to be the owner of it. All the way back to Ancient Egypt, 3000 BCE, gold played an important part in their mythology and was used to decorate the tombs of the richest and successful of their time. Gold maps were made that led to gold mines and some of these maps still exist today. Let's skip ahead a lot now to the 1870s. When you think of striking rich from gold you will probably think of all the gold rushes from the 1800s. Just one gold nugget could make someone a billionaire and a series of epic ‘real life’ scavenger hunts. Some of these gold rushes included: North Carolina 1799, California 1848, Klondike 1896 and Australia 1850. Gold has been a form of wealth storage for centuries and it’s not over yet.

Invest for Success

Whether you are young or old, you should always be looking for the best way to invest your money. For a more secure future and for a better sleep tonight.

Works Cited

Ang, Andrew. “Tax-Efficient Investing.” Asset Management, 2019, pp. 386–409.

“Gold Is Making A Comeback.” Seeking Alpha, MetalMiner Commodities, 2 Feb. 2019.

Nathan, Paul. The New Gold Standard: Rediscovering the Power of Gold to Protect and Grow Wealth. John Wiley & Sons, Inc, 2021.

Smith, Steven H. “Investing Choices: What Gold?” The Goldwatcher, 2018, pp. 193–206.

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