Gold,
Is it a Smart Investment?
Gold has been around for centuries and was
once the main way people paid for things. Nowadays, we have regular money, but
does that make gold obsolete? There’s still a lot of gold out there and many
people like to buy it as an investment. What we’re interested to know is if
investing in gold is a smart thing to do?
There are two main types of gold you can
invest in nowadays; bars or coins. In
truth, there’s nothing to determine if one of these is better than the other.
Gold bars tend to represent better value for money when purchasing, but one
gold bar can equate to multiple gold coins. With a bar, you can only sell the
entire bar. With coins, you can buy a load and sell a portion of them if you
want. So, it’s a toss-up between value for money and flexibility. Ideally, you
should invest in both types to keep your portfolio strong.
This brings us back to the original point of
whether or not gold is a smart investment. Here are some of the main reasons it
might be a clever investment for you:
Gold Holds Its Value
Gold is one of the few investments that will
hold its value over time. There is a finite supply of gold in the world, it’s
not something you can just create like money. This means it’s constantly in a
state of rarity, which helps hold its value. Even in periods where the price of
gold is low, it remains a valuable investment with room to grow.
Gold Prices Are Low Right Now
Speaking of which, gold prices are at the
lowest they’ve been in years right now. Any good investor will tell you this
makes it a very smart time to buy gold bars and coins. You can get a lot more
for your money now, and who knows how much it may cost a few years down the
line.
Gold Can Easily Be Liquidated
Countries all over the world use gold and
liquidate it into cash. This makes it desirable for many people, which provides
you with an investment you can easily sell whenever you want to, and get any
type of currency in return.
Gold Value Increases During Inflation
It’s a well-known fact that the value of gold
goes up when inflation hits the economy. As we currently sit through rocky
Brexit negotiations, many financial experts are predicting inflation could rise
in the coming years. It’s already started, which means gold is a smart
investment to make during these troublesome economic times.
It’s clear that gold is still a smart
investment in 2017. However, this is only if you invest in physical gold bars
or coins. Don’t buy stocks or shares in gold companies - that won’t help you see the benefits. Buying
the real stuff gives you a physical asset you can hold onto, store easily, and
sell for profit at a later date. As a bonus, buying investment grade gold is
stamp-duty and VAT free and the profit on some types of gold aren’t taxed when
you sell them, meaning you get more money!
At Bullion For Less we have a variety of gold
bars and coins for sale so you can purchase an excellent mix of products to keep
your portfolio nicely balanced. We can
advise you if you need help as well, and can even offer secure storage for your
gold!