Gold is one of the most popular precious metals to invest in, and it’s no secret as to why.
As modern-day money slowly loses its value as time goes on due to inflation and other economical factors, people are growing more and more interested in putting their cash toward a stable investment. This is where gold comes in!
Are you curious to learn more about why so many people are choosing to invest in gold? If you are, you’ve come to the right place. Here, we’re sharing 5 reasons why you need to start investing in gold today!
1. Long-Term Value
Gold’s value has rarely diminished across the decades, making it a shield against inflation and other economical factors that could ruin your finances.
Although gold isn’t used as currency today, its role of value is superior to all other monies. It provides a long-term store of value, making it the perfect stable investment opportunity!
2. Tangible Asset
Most investments today are intangible, but once you purchase gold, you can physically hold it in your hands. This means that your gold investment can’t be hacked, erased, or otherwise “lost”. It’s always a good idea to have some sort of wealth that’s not digital.
If you want to learn more about getting into gold and the costs associated, check out this overview of OGG’s services and fees.
Did you know that gold is one of the only things you can invest in anonymously? If you don’t wish for anyone to know that you have gold, then nobody will.
While you still have to report your gain on your income taxes, physical gold offers an air of privacy and confidentiality in a world where that is extremely rare.
4. Recognized Value
Pretty much anywhere, bullion dealers across the globe will recognize the value in gold. This means that you can sell it virtually anywhere for cash, or you can trade it for other items.
Selling your gold is also a faster and simpler process than selling stock, so that’s another plus!
5. Easy Storage and Portability
Many first-time gold buyers have the same question: “how do I store my gold once I’ve purchased it?” The answer is simple: you can either store it professionally and pay low vaulting charges or store it securely at home. Either way, you can put away your gold and not lay a finger on it until you need to.
Gold is also highly liquid, meaning that it’s extremely easy to transport. You can easily take gold with you anywhere in the world!
Invest in Gold Today
Investing in gold is one of the smartest financial moves you can make today. Now that you’re aware of these key reasons to invest in gold, you can protect your finances with this precious metal now. Good luck!
Did you find the information in this article helpful? If you did, be sure to check out the rest of our posts about all things financial.