Is gold a wise investment? It’s relatively natural to wonder whether or not gold bullion is a good investment. Well, the reasons for owning physical gold extend beyond the possibility of the price soaring. In fact, gold offers plenty of advantages that you just won’t find with any other investments. Here are some of those advantages.
- Gold is Money
While gold is not a currency in its own right, the fact that its role is money makes is superior to any currency we have. Therefore, like money, gold offers a long-term store of value. The value of gold is timeless, and it will preserve purchasing power compared to paper currencies that lose value with time. Thus, physical gold is one of the best types of long-term wealth preservation.
- No Counterparty Risk
You don’t need a paper contract to make bold bullion whole. You don’t need any other party to fulfil contractual obligations since gold is a financial asset that is not some other entity’s liability at the same time. What that means is that physical gold can’t go broke or bankrupt and bullion will never neglect its obligations or promises.
- It’s Tangible
Gold bullion is tangible. You can touch it, feel it, and hold it. You can’t do that with most other investments. What’s more, real gold cannot be destroyed by time or elements. It also can’t be erased or hacked. In today’s world, it’s not a bad idea to have some wealth outside of digital arenas. If the online world were to crash, you would at least have your bullion. If you happen to be in Australia, you can also buy gold in Brisbane without hassle, and it’s not subject to the risks that accompany paper assets.
- It’s Totally Confidential
You can’t say that about many assets today, can you? Gold is one of the very few investments that may be kept anonymous, and nobody has to know about your bullion.
- It’s Easy to Store
Many people wonder about the cost of storing gold. While professional vaulting comes with a minimal fee, compare it to the headache of, for instance real estate. You can lock your bullion away until you need it, no worries about complex tax implications or even tenants who are late to pay.
- Gold is Portable and Liquid
Gold is easy to sell, can be carried around, and is highly liquid. You can sell it at the local coin shop, online, or privately, and you can trade it for other goods or sell it for cash. The entire process is a lot faster and easier than selling a stock on the market. In other words, gold can quickly and easily be converted into cash.
- A Good Way to Protect Your Portfolio
One of the biggest benefits of investing in gold bullion is that it can help to protect your investments and your standard of living during times of geopolitical, monetary, or economic hardships. What’s more, depending on the nature of the crisis, you can move your bullion from a defensive tool to an exceptionally offensive profit maker.
Isn’t it time you invested in gold bullion?