Over the last year, many people have had to get creative to earn an income and have been exploring new options like starting their own businesses or investing in existing ventures. One of the most popular opportunities for investing has always been in the gold market.
Why you should invest in gold
If your main aim is to grow your wealth, gold is a great investment. Here are just a few reasons why:
It’s in high demand
Gold is a highly prized possession. But while demand for gold remains high, the mining industry is dwindling. This, in turn, increases demand even more.
Industries like jewelry and fashion value gold more highly now due to financial uncertainties. Recently, the demand for gold has also seen a spike in demand across the world.
Unlike stocks or other investments, buying gold is inflation-proof. This means whether the nation’s currency value goes up or down, gold remains consistent in value. Gold is renowned for maintaining value even during economic devastation and decline.
It’s also worth mentioning that, as with many precious metals and minerals, gold appreciates in time.
It’s universally valuable
While appreciating over time will help you earn more money from your gold, it also doesn’t lose value when crossing country lines. Gold is equally as valuable across the world, meaning your financial security can be taken wherever you choose to travel.
It’s a great generational investment
While we would all love to be able to hand over a large inheritance to our children, sometimes life gets in the way, and it’s not always possible to save up. With gold, you can give future generations a pot of money to get them started in life.
At times when the demand is too much higher than what’s available, gold can sell for three times the price you’ll have paid for it – which would be an incredible gift to leave future generations.
There are so many other reasons to start considering investing in gold, but the current global pandemic is certainly boosting demand and increasing value. If you’re looking to invest in an inflation-proof asset, choose gold. You can purchase gold nuggets (a more valuable format of gold than billions) from Nuggets by Grant.
Future trends are predictable
Unlike other stocks and shares, the gold market is pretty easy to track, and fluctuations in value are often quite predictable.
By paying attention to historic trends, you can easily anticipate what will happen next, and whether you should be investing in gold or selling your current assets.
The gold market doesn’t seem to be declining, either. Experts are expecting the market to remain quite stable – even during and after the pandemic.
Gold nuggets are often valued higher than their gold content and are the perfect choice for collectors or investors. Each piece is unique and can be combined with other minerals such as quartz to make statement pieces for the home, which will benefit the family for years to come.