Precious Metals, Gold, & Silver
Gold and silver are considered one of the best forms of investment.
For centuries, gold and silver have been recognized as one of the most prized assets. Eve in this modern era, this notion has not changed; gold and silver are still of high value and more importantly, they perform well even during depression, and economic changes.
This is the primary reason why they are considered as one of the best forms of investment. Have you been considering investing in gold and silver? Well, here are 7 reasons why gold and silver are worthy investments.
1. They Are in High Demand
Silver and gold are highly prized possessions that would always remain in high demand in most industries.
The world is evolving, and so the mining industry is dwindling. Miners no longer take up as many projects as they used to due to environmental factors, safety reasons, economic uncertainty, and the likes. Even though they are not mined as much as before, gold and silver remain in high demand especially to the fashion industry.
Also, more industries value them more than ever before now. This is because of the uncertainty that comes along with other financial transactions, savings and investment transaction platforms. Due to the significant spike in demand for them, their value has gone up the more in recent times.
You can consider investing in gold and silver from Oxford Gold Group to leverage the high demand for these precious metals.
2. They are inflation-proof
Unlike other investments that are susceptible to inflation, gold and silver are inflation proofed. Whether nations’ currency’s value decreases or increases, gold and silver are not liable to that uncertainty.
According to historical analysis, precious metals are renowned because they perform well, even during economic devastation and depression.
This is unlike most physical assets that depreciate with time, gold and silver either appreciate or retain the same value. Also, it fares better than most other forms of investments during world crises. During this coronavirus pandemic, it has been recorded that more investors are turning towards precious metals for financial protection.
3. They Have A Universal Value
Gold and silver do not lose their intrinsic value. In fact, wherever you are in the world, precious metals remain precious metals!
Gold and silver are known and valued everywhere; a gold trinket or a silver ring would maintain the same value in Australia as it would in the USA. This is due to its universality. This means if you invest in them, there is financial security and certainty for your precious metals whether you remain in your location or you move elsewhere.
4. High liquidity rate
This is another reason why investing in gold is highly beneficial. Gold and silver have very high liquidity compared to most of the other investments. They are highly valued, and this makes converting them to cash very easy. Also, wherever you are in the world, or wherever you go, it is just as easy to convert them.
Furthermore, you will still receive the right value in cash form. Meanwhile, the uncertainty in most other investments today is very high. With some other investments, your investment might depreciate or even get siphoned due to unfavorable economic tides.
5. A Highly Valued Physical Possession
When you have a high-valued physical possession, you are protected from a market crash, internet blackout, investment fraud, and the likes. Also, you can take your gold along with you to protect it during an emergency. This makes investing in silver totally worth it.
Even though physical possession of gold and silver is on point, you need to be sure that they are kept in a safe location. Also, it is wise to have them insured against the probability of theft. Regardless, investing in gold and silver is a good idea as long as you keep them well-secured.
6. This Investment Gives You Privacy
Most investments in this modern-day need the expertise of a third-party financial consultant or financial institution. This means that you need to contact a third party before you can access your investments. It gets even scarier now that some external financial consultants try to scam investors out of their wealth.
You can avoid this to a large extent by investing in gold and silver. With these precious metals, your private investment matter remains that — private. Also, you would be able to stay discrete without external parties knowing your actual worth.
7. Topnotch Generational Investment
If you have been thinking of diverse assets you can leave behind for your future generations, gold and silver might be the answer. You can consider preserving gold and silver and leaving it behind for your great-grand-children and their children. They would be glad you did! This is because the value of the gold and silver appreciate over time.
At times, gold and silver get so scarce that the few left in the market sell at thrice their original value. In times like that, your generations-to-come would greatly benefit from your investment. Also, the gold and silver could serve as heirlooms, which your generations-to-come can use to remember and appreciate you. Gold and silver from several centuries ago are still in hand today, and their values have continued to increase even till now.
Like every other investment, gold and silver investment have their pros and cons; they have their good days and not-so-good days. Regardless, their benefits are enthralling. From being a generational investment to being inflation-proofed, gold and silver are certainly worth their weight.
Catherine Danes works as an investment consultant. Catherine has years of experience in the industry and has helped countless individuals in formulating investment strategies that can help them achieve their short and long-term investment goals.
Catherine shares her expertise by publishing articles about investment online.