Eurozone crisis still raging, economies continued to rise and fall around the world, making it difficult to know where to place your money. But during one of the most uncertain economic climates in 80 years, gold investments can offer a reliable product out from the typical economic cycle.
Experts in the portal market alternative to explain five reasons why gold is a safe bet in a unsafe time:
1. is it safe
From the global economy, gold is a safe commodity that remains constant even during a recession. The value is not based on exchange rates, but derives directly from the chemical composition: as rare naturally occurring substance, gold is a precious metal that cannot be manufactured or produced en masse. This inherently limited supply, coupled with the growing demand, has steadily driven up the value of gold over time, helping the asset to surpass all other investment categories in recent years.
2. can the touch
In a world of stocks, shares, bonds and funds, there is something that is reassuring for a physical commodity. Whether it is a coin or a bar, gold is a tangible investment that you can review with your eyes. This inspires confidence; There's no chance your money disappear in an obscure Fund or extensive bank account.
3. everybody does it
The reliability of gold is known in these turbulent economic times. Historically, in times of economic recession, interest in investing precious metals has always grown. With an increasing number of people rely on investing in gold as a key part of their portfolio, considered by many as a mainstream asset instead of an alternative product. It is no coincidence that the gold spot price has already reached record levels this year, with prices expected to rise even more.
4. looks good
The appearance of gold is a small, but important, part of the appeal. The jewelry is one of the most common uses for gold, representing over two-thirds of global demand. Dental uses of the product, and again, laced with attractive appearance, also contribute to the global demand for gold, not only from investors but from consumers. This request was never reduced and contributes to ensuring that supplies remained limited, constantly raise the value.
5. is valuable
Indestructible, beautiful, rare; value of gold remains undiminished for a good reason. Governments have long been seeking to accumulate as much gold as possible protection against the devaluation of other currencies. Indeed, it can be used as a currency in its own right. But the value of the investment gold which goes beyond the preservation of wealth: there may be tax too. Gold coins which are recognised as legal tender in the United Kingdom, for example in the United Kingdom Sovereigns, are exempt from capital gains tax, while the degree of investment gold is exempt from VAT.
Notes to editors
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