Why Owning Gold Is A Good Investment?

in #gold3 years ago

Gold is one of the most notable commodities because it is proven by its proven value and history and has been around for thousands of years. Over the past few centuries, various people have continued to hold onto gold for various reasons. Starting from social or economic reasons and because of that it has placed an Intrinsic value on gold, thus perpetuating its value. Gold becomes the best Wealth reserve to rely on when other forms of currency don't work for various reasons such as Crisis, Conflict, Pandemic, etc., which means making gold always has value as a Reserve Wealth guarantee against difficult times. Here are some reasons why you should have gold as a savings or investment.

Special and Valuable Commodity

Gold has been the standard used as paper money, coins or other assets for thousands of years and gold has maintained its value as a Commodity that has Intrinsic value. Everyone agrees to see gold as a way to pass on a form of wealth with the same value from generation to generation and Gold offers a solid base form of Metal but is easy to melt, making it easy to use and branded as a transaction tool. From a scientific point of view, gold is very unique and beautiful, unlike other elements and the atoms in gold are heavier with electrons moving faster, making them a stable solid form.

Inflation Hedge

Gold is a commodity that has a long history of being an Inflation Hedge with marvelous performance, Inflation is caused by various things such as the skyrocketing economy and making the cost of living bigger, This creates a Bubble which one day will burst and in the last 100 years we can see the various crises that occur and cause massive inflation which reduces the purchasing power of a currency. When that happens, Gold becomes the best choice as a Wealth Reserve with intrinsic value and becomes the standard of transactions accepted throughout the world.

Deflation-Resistant

Deflation has always haunted the global economic system and this was a period of crisis in which all prices fell, business activity slowed and the economic system was burdened by excessive debt especially to the state. The flow that occurs is the relative purchasing power of gold soars while the prices of other commodities fall. This is because various people choose to hoard cash and place it where the safest place to store cash is Gold. Gold is not limited by geography border and is always accepted in various parts of the world and therefore makes an efficient form of being able to store an asset with minimal effect on deflation.

Diversifitication

Diversification method is important in saving or investing, Choosing a commodity that is less volatile with a stable rise and does not have a close correlation with other options, Gold is opposite Stocks or Fiat so that it becomes an option that can be chosen for Wealth Reserve because even though the Crisis that occurred in Gold , its value does not change too much in contrast to other asset commodities. Gold minimizes the risk that occurs with a more stable value and is the best choice as a combination in saving or investing.

Easy Access

Several Decades before, accessing Gold was complicated and it was same as accessing the Stocks market, Now everyone can easily access Gold or Offline or Online, There are many choices that can be used such as Bullion, Bars or Coins that can be accessed offline or digitally through various platforms , One platform that offers a new unique innovation is Digital Gold where this is a Gold exchange ecosystem that combines Cryptocurrency with Gold, Bridging Traditional Markets with Crypto effectively and flexibly, Blockchain Technology which is the basis of the Digital Gold Ecosystem also offers a form of Distributed-Database Protocol which allows a form of Public Audit that can be verified by everyone. Digital Gold designed a form of Cryptocurrency based on Blockchain Technology that links it to Real Gold in the Bullionstar Vault so as to ensure every gold has a 1:1 value, Tokenization Forms with Smart-Contract Integration also create more flexible and automated transaction tools so as to ensure more effective utility tools.

Conclusion

Gold can be selected as one of the main savings and investment options with a proven track record, offers a more stable form of asset with a favorable rate of return, as well as a tool of wealth reserve. In addition, Gold is also Resistant to Deflation and the best option for Hedge Inflation, Easy access now also makes saving gold more effective through the help of the internet and one of them is Digital Gold which creates a form of Blockchain Technology-based Ecosystem which bridges Traditional markets with Cryptocurrencies, Creating A more flexible form of platform architecture, I've personally used the Digital Gold Platform for some transactions and I highly recommend you guys try it too!

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