3 Reasons Why You Should Invest in Gold
Gold is one of the oldest forms of currency. Although we have now moved to trade in currency bills and coins, gold is still innately valuable. Many people pass on 24 ct gold coins through generations because of the innate value it holds over anything. This begs the question: should you invest in gold? The answer is, yes, you should. Here are 3 reasons why: It Safeguards Against Inflation Inflation is dropping of the value of your currency notes with time. For instance, the value of the Rs 10 note was much higher in the 1980s than it is in 2021. But if you owned a 100 g gold bar in the 1980s, it’s the value of the bar now is much higher. In the end, gold has more value, and its value increase with inflation. A Good Way to Save You can also use gold investment as a means to save. For instance, you bought some gold coins on an offer . You can now keep the gold coin with you and never use it. In the future, whenever you need some urgent cash, you can en cash your gold bar. In other words,...