Why Buy Gold?Gold is a practical and intelligent investment choice for numerous reasons.
Gold is Tangible Unlike money in a savings account or stock in a company, you can hold gold in the palm of your hand. You can feel its weight and see its beauty. Gold is a Finite Resource There is a limited supply of gold in Earth's surface. Paper money can be printed in unlimited quantities and is only worth what we perceive it to be worth. |
Gold has Many Uses
Gold has many purposes besides its use as an investment vehicle. The majority of gold demand is for the manufacture of jewelry. The rest of the demand is for practical use in electronics, dentistry, aerospace, medicine and other industries. Your cellphone, computer, GPS device, and television all have a tiny amount of gold in them. If you believe humans will always require such devices, then gold will forever be in demand. Gold can be used by dentists for fillings, crowns, and bridges. Gold is used in astronaut visors, satellites, and every spacecraft ever launched. In medicine, gold salts are used to treat arthritis and other serious conditions. Gold has these many diverse uses because of its amazing physical properties.
Gold has Unique Physical Properties
Gold is the most malleable metal, which means it easily bends and forms thin shapes without coming apart. Gold is a very ductile metal, as it can be drawn out into wire or thread without breaking. Gold is also soft yet can be made hard when combined with other metals to form an alloy. These characteristics make gold very easy to use. Furthermore, gold is resistant to moisture, air, corrosion, and chemical reactions and yet is shiny and not grey in color like most other metals. Gold is a highly efficient conductor of electricity and electronic components created with it are extremely reliable. Gold is non-allergenic and has no taste or smell, which makes it perfect for dentistry. Gold film reflects electromagnetic radiation and resists heat which makes it indispensable in the aerospace industry. Finally, gold salts (not metallic gold) are anti-inflammatory. Medicine, such as brand name Ridaura, is administered to reduce the pain and swelling of rheumatoid arthritis and slow its progression.
Gold is Easy to Buy and Sell
Whether in coins or bars, gold is recognized world-wide as a method of monetary exchange. You can go to any legitimate jewelry store in any city in the world and get a decent price for your gold. Online, you can easily and securely buy Gold Coins or Gold Bars and expect to play not much over the spot price. Alternatively, you go through your online broker and invest in Gold Mining Stocks or hold gold indirectly through Gold ETFs.
Gold is a Hedge Against Inflation
When inflation occurs, there is a rise in the prices of the goods and services you need. If inflation were to spiral out of control, as it has in some countries, a currency loses its value and could eventually become worthless. A precious metal like gold can help offset loses due to inflation and currency devaluation.
Gold Diversifies Portfolios
You may believe you are diversified because you hold investments in stocks, bonds, currency, and real estate. However, that is not the case. Natural disasters, social unrest, war, and terrorist attacks are examples of events that could cause the decrease in value of all 4 of those investments. You can reduce your risk during times of uncertainty by adding gold to your investment portfolio.
Gold has many purposes besides its use as an investment vehicle. The majority of gold demand is for the manufacture of jewelry. The rest of the demand is for practical use in electronics, dentistry, aerospace, medicine and other industries. Your cellphone, computer, GPS device, and television all have a tiny amount of gold in them. If you believe humans will always require such devices, then gold will forever be in demand. Gold can be used by dentists for fillings, crowns, and bridges. Gold is used in astronaut visors, satellites, and every spacecraft ever launched. In medicine, gold salts are used to treat arthritis and other serious conditions. Gold has these many diverse uses because of its amazing physical properties.
Gold has Unique Physical Properties
Gold is the most malleable metal, which means it easily bends and forms thin shapes without coming apart. Gold is a very ductile metal, as it can be drawn out into wire or thread without breaking. Gold is also soft yet can be made hard when combined with other metals to form an alloy. These characteristics make gold very easy to use. Furthermore, gold is resistant to moisture, air, corrosion, and chemical reactions and yet is shiny and not grey in color like most other metals. Gold is a highly efficient conductor of electricity and electronic components created with it are extremely reliable. Gold is non-allergenic and has no taste or smell, which makes it perfect for dentistry. Gold film reflects electromagnetic radiation and resists heat which makes it indispensable in the aerospace industry. Finally, gold salts (not metallic gold) are anti-inflammatory. Medicine, such as brand name Ridaura, is administered to reduce the pain and swelling of rheumatoid arthritis and slow its progression.
Gold is Easy to Buy and Sell
Whether in coins or bars, gold is recognized world-wide as a method of monetary exchange. You can go to any legitimate jewelry store in any city in the world and get a decent price for your gold. Online, you can easily and securely buy Gold Coins or Gold Bars and expect to play not much over the spot price. Alternatively, you go through your online broker and invest in Gold Mining Stocks or hold gold indirectly through Gold ETFs.
Gold is a Hedge Against Inflation
When inflation occurs, there is a rise in the prices of the goods and services you need. If inflation were to spiral out of control, as it has in some countries, a currency loses its value and could eventually become worthless. A precious metal like gold can help offset loses due to inflation and currency devaluation.
Gold Diversifies Portfolios
You may believe you are diversified because you hold investments in stocks, bonds, currency, and real estate. However, that is not the case. Natural disasters, social unrest, war, and terrorist attacks are examples of events that could cause the decrease in value of all 4 of those investments. You can reduce your risk during times of uncertainty by adding gold to your investment portfolio.
