You may be wondering what these noises are all about! Do you know why gold is getting costlier and pricier these days?
Well, this piece of the write-up is all about to make you aware from the deep slumber about the best financial investment and retirement and future planning as well.
Whether one should opt for physical gold or gold ETF’s (gold stocks), inclusion of gold in investment combo is a must. But do not just listen to my words. Go ahead and do your own research about gold investing.
In fact, all investment gurus will advice you to allocate, at least a small portion of your funds, to gold investing.
For me personally gold is more of my wealth preserver than an growth focused investment alternative. I put my money in gold more to build locked-savings. These are such savings that I can utilize whenever goings get tough.
Thus, have a quick run down through the infallible reasons why gold must be a compulsory element for your investment combo. One must not resist the urge to go for the gold rush.
Continual Existence of Gold
It is a proven fact that gold has been in existence since time immemorial and still in use. The gold will remain in perpetuity till the world continues to exist. Gold is also considered as a superior quality metal. Also, it is widely used as an investment vehicle as compared to other products like vehicles, stocks, bonds, and real estate. This is because the value of these depreciates with the passage of time along with the prevailing economy.
On the other hand, the value of gold will be neither degraded nor it will get corroded, irrespective of the time we are counting.
There is an old adage which says, “Don’t put all your eggs in a basket.” But there are some investors, they suggest to put all your investment in one basket only. Well, I have nothing but my wishes to give them. The investors who are pretty sensible and quite money savvy investors would definitely ensure that at least 5% of their portfolio is invested in gold and other similar precious metals.
Scarcity of Gold
Gold is very finite in supply. According to the annual gold production statistics, the annual production of gold is 3,100 metric tons. This would worth around 11 trillion USD. So the cost of the gold is ever increasing. It will be better if you are investing for digging into gold rather than something else.
The biggest risk while you are planning for an investment vehicle is the counterparty risks. The term “Counterparty Risk” means that you are risking your faith along with money so that the latter would perform better as specified on the due date.
For example, you are buying stocks and bonds from the international market. It may happen that value of the stocks may fall or collapse before the due date for any undisclosed reasons. Furthermore, it may also happen that the market falls down and you lose your investment. All the above-mentioned scenarios and instances are not possible while you invest in gold. The reason stays simple, the gold stays with you and can easily convert into cash whenever you want to do so.
Without eye-catchy words and description explanation, gold is highly appealing to eyes and have a powerful yet effective impact on the human mentality. In fact, many of the citizens of the nations including India and China rely on an individual’s wealth and is commonly expressed in terms of the quantity of gold being possessed.
Gold has greatest ROI
Gold would give you the best return on your investment (ROI). Gold has been and will continue to be the largest money backer and long lasting form of money backer. Implicitly, till the mankind remains, gold will not betray you in terms of ROI.
Along with keeping these green lights on, you must also remember the adage, “A Stitch in Time Saves Nine.” So, it is a high time that you invest in the gold rush and enjoy happy returns.
Disclaimer: All blog posts of getmoneyrich.com are for information only. No blog posts should be considered as an investment advice or as a recommendation. The user must self-analyse all securities before investing in one.