Let’s talk gold
One of the most important qualities a good investor must possess is his curiosity to whether an asset is a good investment or not, such as gold. Experienced investors say that gold has not been a profitable investment in a long time, just touching $1,350 per ounce. But even so, gold offers advantages that cannot be found in any other form of investment. For years, markets refer to gold as the ultimate safe haven asset.
So let’s look onto this article to know why investing in gold is really worth it, especially this year 2018 which is expected to be the breakout year for gold.
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The most powerful feature of gold is it is a real currency making it superior to any other currency. Its role as money has an undefeated history of over 3,000 years. Gold’s price may rise and fall, but it’s value will never go to zero. Its value will stand the test of time and you can always sell it if you need currency. It is almost even like a global currency. Whereas paper currencies can lose their value over time if the world falls onto crisis. Gold will then remain to be the only form of currency that’s worth of something.
2. Gold is a great hedge.
You don’t have to worry when stock markets are fluctuating because there is almost no correlation between the price of gold and stock markets. Investing in gold will therefore give you more assurance since the way to determine its price is in a completely different way than stocks which can zigzag any day any time. In fact, when uncertainty arises in markets, gold is where investors go to. No wonder it has traditionally been considered as a safe haven for investment.
3. Gold provides steady income.
This is for the case of gold traders who buys gold and sells it with markup for profit gains. You can also do so either full time or part time, and earn well especially if you have positioned yourself as an active gold trader in your area. You don’t have to exert too much effort when it’s the people who will come to you and bring you gold for sale.
On a technical analysis aspect, if gold breaks out of 1,400, it has a shot to go to 1,600. Should it break 1,600 it now has a chance to to 1,900.
4. Gold cannot be hacked.
This refers to gold bullion or physical gold which is out of reach from hackers and identity thieves who in recent years have known to stole tons of money from bank accounts, brokerage accounts, cryptocurrencies and payment services like credit cards. In some cases, physical gold may be vulnerable to heist but that can be foreseen with the right security and even anonymity. That’s because gold is a confidential form of wealth in which you can choose to not let anybody know that you own it. Almost everything may be existing in digital form right now, but it’s still a good idea to have some of your investment outside this form.
5. Gold is being bought by China.
Despite the potential trade war between China and the US that’s causing uncertainty among investors to go for gold, wise investors are putting their investments in gold. They believe that when China buys, you have to join the wagon too. Investing in gold now may not be the perfect time but since China is doing a risky move, it is believed that the appreciation of gold will come in a blast in the future. Gold portal Kitco reports that demand for gold bars in China was 40% up which speaks to strong momentum.
So there you have it. Knowing all these trends and advantages in gold investment can arm you with the best knowledge to try it yourself. You can even choose to diversify your portfolio and add gold in your investments. Best wishes!
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