Did you know that the price of gold has tripled in the last 100 years? Yes, there were major fluctuations over the decades making it drop to as low as $235 and be high as $2.230, but if you look at the big picture you’ll see that its price is always strong.
Today, rich people invest mainly in two things – real estate and gold. The reason for this is because the value of these two never drops. No matter how much time passes, real estate can’t drop in price significantly. The buildings will always be there unless there’s a major earthquake. But, what’s the chance for that happening?
Same goes with gold. This precious metal has been valuable ever since the beginning of time. It looks beautiful and it is easy for transport if this is needed. Only the Aztecs didn’t appreciate it because they simply had too much. It was just another metal like everything else. This is the main reason why their civilization fell apart. The conquerors new about it and stormed into their rich cities.
Why is gold the best option?
The main reason why this is the best option is the price. Unlike other precious metals and assets, this one experience fewer fluctuations on the market. Social occasions and natural disasters rarely affect it.
Another important thing is that the nature reserves of it are getting lower and lower. The mines around the world are depleting and very soon there will be no more fresh gold. When this happens, its value will increase even more and will probably rise forever.
All this means there’s no risk in holding it for a long period. You can only benefit from it. If you get a few ounces of gold bars for sale today, in 2050 the price for it can only be higher. If you decide to leave the investment to your ancestors, it’s the best idea you can have because what you’ll spend now, in the future might be two times more valuable.
It is indestructible
Even though this metal is fairly easy to press and change, it’s still almost indestructible. The melting point is 1943 degrees Fahrenheit. For example, a wild fire’s temperature reaches up to 1470 degrees.
Also, it is not breakable nor you can damage it. Using force can only split it in two. Especially if we’re talking about ingots that have no marks or other specific value than the pure material they are made of. If someone wants to damage it, they can only split it half but unlike real estate, for example, you can’t tear off a wall of a building and make it lose value.
You can always sell it if you need money
It is always wanted on the market. Some parts of the world, like China and India, have a serious shortage of it. The price there goes even higher than it is on the world market.
The fact that it is slowly depleting and the demand is higher than ever tells you that you can’t go wrong with it. Whenever you need some money in your pocket, you can sell for the current price and be sure that you’re not suffering any damage.
If you own a bar which is 32.15 troy ounces and you need, let’s say $10.000 you can sell it and buy back bullions for the rest of the money. This way you keep your investment and you still have enough of it that will become more valuable in the future.
Conclusion
Searching through the internet, you’ll find a ton of articles all saying that it’s smart investing in gold. They can’t all be wrong, can they? Like this one here, for example.
If you want to be certain that your investment won’t get crushed by something you didn’t expect or simply get bankrupt with the business you thought you’ll get on with, you should buy some bars and calmly check the market daily to see how the prices are going.
Whenever you feel like the moment is right, sell. Whenever you need money for something, sell. Once you have enough again, buy some more of it and see how you’ll never lose a dime.
