Top 10 reasons to buy 24K gold bars
Is purchasing gold a good move?
It`s natural and even prudent for an investor to wonder if a particular asset is a good investment or not. That`s especially true for gold, since it`s an inert metal and doesn`t earn any interest.
The reason for owing physical gold go beyond the possibility of its price. Gold offers distinct advantages that simply can`t be found in almost any other investment. These advantages give you power as an investor. And yes, one of these reasons is because the price is poised to rise significantly.
To be far, there are a few risks associated with a heavy gold investment. Dealers often charge premium fees, authenticating older coins and bars can be a challenge and the liquidation spread is large. But overall, the benefits when you buy gold for outweigh the risk, and it is essential part of any strong portfolio.
To get these advantages, you must buy physical gold. Not paper forms like EFTs on futures contracts. These shares are nothing more different than the fiat currency you are hedging against. You need to buy gold bullion like coins, bars, and even pure gold jewelry. Do this and the true advantage of investing in gold are yours.
Here are the 9 reasons why every investor should buy some gold bullion
Gold is the best long-term store of value
Gold is not used as a currency today, but its role as money makes it superior to any currency. In fact, gold has been longer than any currency in history. Gold has been a store of value s
for at least 3000 years, while one of the longest currencies in history.
Gold flufills this promise better than any fiat currency. Look how much purchasing power all major government currencies have lost over the years compared to gold. All major currencies have depreciated relative compare to gold
This shows that, that over the yeas, gold has been the best long-term store of value. Gold`s price fluctuates, but its value is timeless. Consider that gold will preserve your purchasing power over the next five years compared to your currency.
Therefore, physical gold is one of the most ideal forms for long-term wealth preservation. It is also ideal for you heirs since it will outlast any currency they may use in the future.
Gold is a tangible asset
If you buy physical gold, you can hold it in your hand, something you can`t do with most any other investment. Real gold can`t be destroyed by fire, water or even time. Because there is only so much gold available, it has an inherent value that others commodities don`t have.
It can`t been hacked or erased. Unlike brokerage accounts, bank accounts and payment services like credit cards, gold bullion is out of reach from hackers and identity thieves.
In today`s world, it`s probably a good idea to have some of your wealth outside of the digital form. If the internet is not available or your online world comes crashing down. In these scenario’s gold will be your lifesaver.
Gold has no counterparty risk
If you hold gold bullion, no paper contract is needed to make it whole. No middleman or other party necessary to fulfill a contractual obligation. That`s because gold is the only financial asset that is not simultaneously some other entity`s liability.
This is important because gold will be the last man standing when bubbles pop or a crisis hits. That`s a powerful tool to have in you portfolio when things start to go wrong in your country or economy.
It also means that gold won`t go to zero. It`s never happened in its 3000 years history. That`s a powerful feature to have.
Gold will always have value. You can always sell it if you need currency.
Therefor, physical gold cannot go bankrupt or broke. Gold bullion will never default on promises or obligations.
Gold can be private and confidential
If you want a little privacy or confidential form of wealth, physical gold is one of the few assets that can provide it.
Gold is one of the very few investments that can be anonymous. If you choose, no one has to know you own it. Virtually any other investment you may does not have this benefit.
However, note that you must still report any gain on your income taxes.
Gold is liquid and portable.
Gold is ideal because it is easily convertible to cash and can be carried anywhere you go.
Gold is highly liquid. Virtually and bullion dealer in the world will recognize a gold eagle and buy it from you. You can sell it to your local coin shop, a pawn shop. A private party or an online dealer. It can always be sold for cash or traded for goods.
The process is frequently quicker than selling a stock in your brokerage account. It usually takes 3 business days for settlement before cash can be transferred to you bank account or a check mailed.
This liquidity means you can take gold with you literally anywhere in the world. and if you are uncomfortable crossing a border with it, you can buy gold you can transport.
Gold is easy to store and comes with low maintenance and carrying costs
Gold is value dense. Meaning that it packs a lot of value in a small space. You can hold $50,000 of gold in the palm of your hand. Therefore, you can store it in a small space in your home. And at any price above $1,850 CAD/ounce, you can store more value in a safe deposit box with gold than with stacks of dollar bills.
Gold requires no specialized knowledge
No special skills, expertise is needed to buy physical gold. It is not like diamond or painting. Don`t need to be a specialist to determine.
You can buy billon coins from a number of government mints that produce them each year. These are generally referred to as `` sovereign`` coins, meaning they are manufactured (and in most cases guaranteed) by the government. They also come with a face value. These face values are mostly symbolic at this point, since the gold content of the coin makes them worth a lot more than the value printed on the coin. But each government guarantees they will always be worth the amount stated.
Look for security features, hermetically sealed, signature of the Mint`s chief assayer and distinct and unique serial number.
Gold hedges your stock market investments
Do you sometimes worry the stock market might crash?
Gold may have the answer for you. Gold does the opposite of stock market. On average, when the stock market declines, gold has historically risen especially when the stock market crashes. Gold does not automatically rise with every downtick in the stock market, but historically shows it is sought as a safe haven in big stock market declines.
Therefor, if you want an asset that will rise when most financial assets fall, gold is likely to do that more often than not. The more common stocks you own, the more gold you need.
Gold will protect your investment and standard of living in time of crisis.
One of gold strongest advantages is that it can protect your investment and stand of living during periods of economic crisis. And depending on the nature of the crisis, gold can move from a defensive tool to an offensive profit machine.
When a crisis strikes’ and drives fear higher. Whether it`s from investors worried about the stock market or a full blown event affecting the livelihood of all citizens, gold is a natural safe haven. Fear is what drives peoples in a crisis, so the greater the worry, the more gold is sought and the higher its price goes up.
A lot could be written about the various crises that are possible to happen today, but the point is that the level of risk is on our economic, fiscal and monetary systems is elevated. There are so many risks, in fact, that the gold price is likely to make new all-time highs in response to some of these crises playing out.
Gold is usually about defense, but in addition to its staying power, gold offers massive profit potential given the precarious nature of our economic, financial an monetary system today. The main reason for this is due to the growing supply of fiat currencies and mounting debts around the world. This tells us that the fallout could be much worse than usual and the greater the fallout, the higher gold will go…
As a result, in a world-wide elevated risk on multiple aspects, gold offers lower risk, greater safety and a bigger investment than any other assets.
In conclusion, gold is a solid investment potential, a reliable hedge against inflation and worldwide recognition for easy liquidity.