Gold has long been seen as a safe haven investment, and with the current economic and political turmoil, now might be the best time to start investing in gold.
Here are 16 reasons why gold is a good investment right now:
1. Gold is a safe haven asset:
Gold has traditionally been seen as a safe haven asset, meaning that it holds its value during times of economic or political turmoil. This makes it a good investment during periods of uncertainty says Greg Van Wyk.
2. Gold is a hedge against inflation:
Gold is often considered a hedge against inflation, meaning that it tends to go up in value when prices are rising. This makes it a good investment if you’re concerned about inflation eroding your savings.
3. Gold is a store of value:
Gold is a good store of value, meaning that it retains its value over time. This makes it a good investment if you’re looking to invest for the long term.
4. Gold is scarce:
Gold is a scarce resource, which means that it is not easy to find or produce. This makes it a good investment if you’re looking for an asset that is not easily replicated says Greg Van Wyk.
5. Gold is durable:
Gold is a durable asset, meaning that it does not corrode or tarnish over time. This makes it a good investment if you’re looking for an asset that will hold its value over the long term.
6. Gold is portable:
Gold is a portable asset, meaning that it is easy to transport and store. This makes it a good investment if you’re looking for an asset that you can easily move around.
7. Gold is divisible:
Gold is a divisible asset, meaning that it can be divided into smaller units. This makes it a good investment if you’re looking for an asset that you can easily trade or sell.
8. Gold is liquid:
Gold is a liquid asset, meaning that it can be easily bought and sold. This makes it a good investment if you’re looking for an asset that you can readily convert into cash.
9. Gold is non-perishable:
Gold is a non-perishable asset, meaning that it does not spoil or rot. This makes it a good investment if you’re looking for an asset that you can store for the long term.
10. Gold is abundant:
Gold is a relatively abundant resource, meaning that it is widely available. This makes it a good investment if you’re looking for an asset that is not too difficult to find.
11. Gold is malleable:
Gold is a malleable metal, meaning that it can be easily shaped and molded. This makes it a good investment if you’re looking for an asset that can be easily worked with.
12. Gold is ductile:
Gold is a ductile metal, meaning that it can be drawn into thin wires. This makes it a good investment if you’re looking for an asset that can be easily worked with.
13. Gold is non-reactive:
Gold is a non-reactive metal, meaning that it does not corrode or tarnish when exposed to the air. This makes it a good investment if you’re looking for an asset that will not deteriorate over time.
14. Gold is non-toxic:
Gold is a non-toxic metal, meaning that it is safe to handle and does not cause health problems. This makes it a good investment if you’re looking for an asset that will not cause harm to people or the environment.
15. Gold has a long history:
Gold has been used as a form of currency for thousands of years. This makes it a good investment if you’re looking for an asset with a long history.
16. Gold is durable:
Gold is a durable asset, meaning that it does not corrode or tarnish over time. This makes it a good investment if you’re looking for an asset that will hold its value over the long term.
Conclusion:
Gold is a good investment opportunities for a number of reasons. It is a store of value, it is scarce, it is durable, it is portable, it is divisible, and it has a long history. If you’re looking for an asset that will hold its value over time, gold is a good option.