7 Awesome Advantages of Investing in Gold
Your hesitancy to invest in digital assets like cryptocurrency and stock shares is understandable. Despite claims that they are secure, these investments can still be hacked and stolen by savvy thieves.
Why not choose something more secure and durable? Investing in gold could be the solution you’re looking for.
Here are 7 awesome ways that buying gold is advantageous.
1. Durable Investment
If you’re considering buying gold, remember that it’s one of the most durable investments you can make. Gold can’t be destroyed by your average house fire, or other elements like time or water.
You should still store it in a protective case or covering to maintain its purity. Yet it’s a solid investment because of how long it will last.
2. Gold Holds Its Value
Whether you’re embracing traditional ways to invest in gold (gold bars) or collecting gold coins, it will hold its value. Physical currency hasn’t been around much more than 1200 years, but gold has been holding value for over 3000 years.
It’s not affected by government changes or collapses in fiat systems. While the price fluctuates, the value holds through time despite inflation and currency depreciation.
3. It’s Not Digital
Gold is an investment in a physical form. You can hold it and touch it, whereas bank accounts and brokerage accounts can be hacked and erased. One of the biggest benefits of investing in gold is its tangible form.
4. Investing in Gold Is Low Maintenance
Real estate requires constant upkeep. Portfolios have to be babysat and tweaked.
Gold isn’t like that. It’s a very low maintenance investment–just store it in a safe place. Put it away and forget about it until you need it.
5. No One Has to Validate It
There is no counterparty risk when you buy gold. If you own gold, it’s valuable. You don’t need a certificate or a contract to make it valuable.
Gold investments are different from stock shares and other similar investments because they don’t rely on a middleman to keep their worth.
Gold is easy to buy and sell in the market. You can buy gold in the form of jewelry almost anywhere, and gold in other forms can be always be bought and sold at a coin shop, bullion dealer, private party, or online buyer. Gold is always in demand, and buying and selling it is a faster process than other investments.
Check out this buyers’ guide for gold bullion
7. Keep It Secret
Gold is private and confidential. Dealers in the U.S. aren’t required to report it to the IRS when they sell you gold unless certain requirements are met (a transaction over $10,000 in cash). You are required to report your income to the IRS, however.
It’s easy to learn how to invest in gold anonymously. You don’t have to tell anyone, and no one has to know you own it.
Peace of Mind
When you’re ready to begin investing in gold, the advantages above can help you find confidence in your decision. From the anonymous nature of your investment to its durability and lack of counterparty risk, gold is a solid way to invest and keep your assets safe.
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