If you are new to the gold market, and are considering investing in gold, then you may be asking is gold a good investment?
The simple answer is that we would say gold is an excellent investment. Gold, after all has always been associated with wealth and luxury. In fact, most individuals consider it an indulgence but this is more in terms of gold jewelry. When thinking in terms of a financial investment, it is a very real alternative way to store and grow wealth.
Gold is regarded as an investment for the long term and has many benefits. It can withstand stock market and economic cycle fluctuations, that many countries seem to be going through. Buying the right gold like beautiful authentic coins and gold proof coins can also give a sense of ‘collectors pleasure’ aside from their intrinsic value.
One of the many benefits of gold as an investment vehicle is it acts as a safe haven and store of wealth. Unlike paper currency, the value of gold cannot be inflated away. It’s a robust precious metal that seems to be able to resist economic downtrends. Despite what has happened in the worldwide economy, the price of gold has continued to rise strongly in the past 10 years. Year on year has seen strong growth in its value.
Some gold coins have a historic relevance and beautiful design. These coins have huge appeal to coin collectors, thereby driving up demand for them.
Many ways to invest in gold
There are many ways to invest in gold. One of the safest ways is through gold bullion purchase. Before going for this type of gold investment, it is important to know how and where to store it, because investing in gold means taking physical hold of the stock. This would usually be in a safe and ideally a safe deposit box at a bank. Some gold dealers offer the facility to store your gold for you for a fee.
Collectible rare coins with symbolic designs can be purchased from reputable dealers (go for those who are members of associations like the Numismatic Guaranty Corporation or Professional Coin Grading Service). If you’re a new gold coin investor, it may be best to consult a good coin grading company to ascertain the quality of coins.
A major benefit of gold investing is that as a precious metal, gold is highly liquid and it is very easy to connect your physical gold to cash, such is the demand for it. Gold bullion is equated with something that’s completely pure, and physical bullion like gold coins are beautifully made and offer security for the investor’s portfolio.
Investing in gold is a great way to diversify investments and serves as wealth protector. While there are other lucrative investment options, gold can be a hedge against a crisis, inflation, or political uncertainties. They are very liquid investments, can be shipped easily, and are a unique, private way to preserve one’s wealth. So to the question, `Is gold a good investment?’ the answer is a resounding yes.