Gold was the first metal widely known to our species. When thinking about the historical progress of technology, we consider the development of iron and copper working as the greatest contributions to our species’ economic and cultural progress – but gold came first.
Gold has always been powerful. The earliest history of human interaction with gold is long lost to us, but its association with the gods, with immortality, and with wealth itself are common to many cultures throughout the world.
Here are 6 reasons why to own gold in the 21st Century.
Gold is volatile, but the worth of gold is never going to be Zero. Unlike paper currency, coins, or other assets, gold has maintained its value throughout the ages. People see gold as an asset to keep in the family and pass on their wealth from one generation to another.
When times are uncertain, people are searching for alternative options to invest. US dollar is one of the world’s most important reserve currencies, but when the dollar weakens compared to other currencies, people tend to invest more in gold and that raises gold prices –a perfect example is the time period between 1998-2008 when the price nearly tripled. Gold reached the1000 dollar/oz milestone in early 2008 and nearly doubled between 2008 and 2012.
The simplest way to put it: When the cost of living increases, then also gold prices tend to rise.
When times in the financial/political sector are uncertain, the stock market is dropping, businesses can´t get loans as easily as before, and trust in government is weakened- then usually gold price rises. Why? New investors are coming into the Gold price rises as investors trust gold to be a good investment.
Investors can buy and own physical gold privately and anonymously.
Gold is universal money, a tangible store of value and wealth protection.
Physical gold cannot go bankrupt or broke. Gold bullion will never default on promises or obligations.
Even though gold prices can vary in the short term, it has always maintained its value over the long term. So in conclusion gold is a quite safe way to invest in a long time period and we at Tavex suggest you diversify your investments and recommend you to have at least 15% of your portfolio in precious metals.
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