Why Buy Gold?
From ancient times to the 21st century, gold has been the go-to currency and "safe haven" for storing wealth. In today’s trying times, investors are turning to gold once more to hedge against economic turmoil, inflation, and market uncertainties. Gold has stood the test of time for many reasons. As an investor, now is the best time to buy gold.
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Key Takeaways
- The easiest way to invest in gold is to buy physical gold coins or bullion (gold bars).
- Gold is a tangible asset with high intrinsic value and zero counterparty risk.
- When you invest in gold, you won’t worry about inflation. It hedges against inflation.
- Gold is portable and liquid. It is easy to convert gold to hard cash.
What Form of Gold is the Right Investment for You?
In the past decade, gold coins and bars accounted for around a quarter of global gold demand. You can invest in gold by buying these forms of gold or gold bullion. Sovereign governments globally have been issuing gold coins for decades. They are made of pure gold and minted with the same shape and size as ordinary coins. The most popular gold coins among investors include the US Eagle and the Canadian Gold Maple Leaf.
Gold bullion consists of gold bars with certified purity of at least 99.5%. Each gold bar has a serial number, manufacturer’s name, and certificate for security purposes. You can buy gold from Goldline to enjoy secure shipping and storage.
What are the benefits of investing in Gold?
Gold is a Tangible Asset
When you buy gold, you invest in a tangible asset. Gold coins are minted in smaller sizes ranging from 1 oz, ½ oz, ¼ oz, or 0.1 oz. You can buy several 0.1 oz Canadian Maple Leaf gold coins to store your wealth. Gold coins are often smaller than gold bars. But you can invest in a 1-oz gold bar to hedge against economic turmoil. Investors can physically see and take direct ownership of their gold coins and bars, increasing sentimental value and peace of mind.
Gold Has No Counterparty Risk
Gold is an element with intrinsic value and a known market price. As a tangible asset, gold does not require approval from anyone or anything else to make it gold. No one has to do something to make gold what it is. This highly-demanded precious metal cannot default on payments regardless of the prevailing economic situation. It is immune to price manipulations and bankruptcy. In short, gold has no counterparty risk.
Gold Can Hedge Against Inflation.
The process of mining gold is constrictive and immune to manipulations. Unlike other investments, no one increases the gold supply overnight. Limited supply and high demand have guaranteed stable gold prices for decades. Currently, governments are pumping billions of dollars into the market to jump-start their economies. The risk of inflation is high now more than ever. Increased inflation pushes gold prices higher. You can invest in gold to hedge against inflation.
Gold is Liquid and Portable
Gold coins and bars are minted in small sizes of less than one ounce, enhancing portability and liquidity. You can carry gold coins in your wallet or purse like ordinary coins. Gold is probably the only investment asset that you can convert into hard cash anywhere across the world. It is an investment asset and global currency. High demand and globally-known prices simplify gold-to-cash conversion.
From ancient times to the 21st century, gold has been the go-to currency and “safe haven” for storing wealth. In today’s trying times, investors are turning to gold once more to hedge against economic turmoil, inflation, and market uncertainties.
