Lately, investing has become a risk in itself, and planning investments has become a taxing job. If one invests in the stock market, their profits will no doubt have a higher chance of multiplying, but the risk quotient of their portfolio will also increase proportionately.
Gold will have almost no risk because it is a precious metals since thousands of years. But anyone would wonder, why is it considered so precious in the first place, or why are gold prices so high? Why actually is gold considered to be this precious metal? Well, here’s answering all your questions:
1. It is the easiest thing to carry.
Gold is a very dense metal. You could literally fill all your gold and run away to safety in case of an emergency. It’s lighter than a sack of rice in your time of need!
2. It carries its worth for hundreds of years.
3. Gold doesn’t even corrode.
Remember that family necklace your mom’s mom gave her? Could she have given the same necklace as a gift if it was made of iron and had corroded?
4. Gold is universal.
There is no continent in the world that hasn’t yet found gold! This is also one reason why it is so easy to value gold. That’s what makes gold a universally acceptable currency.
5. The government can steal all your other saving, but gold.
They can do this by increasing production and playing with the prices. But gold is one currency that will always have your back! Because what are the chances of finding a new precious metal that devalues gold, or to print gold and play with the demand and supply?
6. Gold has fewer industrial uses.
Thus, the buyer is not really taking away an important commodity in order to trade or invest.
Well, we have made our point very smartly here, and we’re quite sure the next thing you want to do is buy some gold. And for that, we have Augmont App. Install now and buy gold and silver at best price guaranteed!