Don’t have gold in your investment portfolio ?
Here’s why you’re missing out.
Is gold just for the rich?
Is it irrelevant in this highly digital economy ?
Will it be of any use to your already diversified portfolio ?
With prices at thousands of dollars for a few grams, gold is an expensive element.Y ou’d have good reason to believe that it’s only something the wealthy would buy, and probably just as a part of their collection of expensive things.
But gold is much more than a material for luxurious jewelry or for ornate decorations. Nowadays, gold is considered a safe haven for investors in an increasingly volatile market.
Some investors invest in gold when they foresee a recession, inflation, or uncertainty.
Others hold on to gold to preserve wealth, while having a vehicle to pass it on to future generations.In short, because uncertainty is inherent in any investment and in any economy, gold can serve as insurance in case of economic or political disasters.
Even in a highly digitized economy, gold continues to be attractive because it’s a tangible asset that can still be of value, even if our entire monetary system collapses.Fortunately, gone are the days when you had to pan for gold in a river, under the heat of the sun, with the possibility of ending up with nothing but a severe sunburn.In today’s economy, gold is easier to access and more affordable as well.
There are several ways to invest in gold that require nothing more than a computer, an internet connection, and a reasonable amount of money.Don’t lose out on the benefits of gold in your portfolio, even if you don’t have billions of dollars to spare.