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Investors' favourite for centuries, Gold has timeless value and can be passed to future generations. It has been has been the foundation of wealth and a monetary base for centuries
Seen as an affordable option to Gold, Silver can sometimes bring better returns than gold. What's more, it is more practical and more versatile to spend as well.
Steve Forbes once said “Gold is a constant. It’s like the North Star.” What makes gold such a favourite with investors? Traditionally, Gold is considered by investors to be one of the safest investments, it offers distinct advantages that simply can’t be found in almost any other investment. Here are top 8 reasons investors buy gold the world over.
In fact, Gold serves as a long-term store of value better than any flat currency.
Gold has historically been an excellent hedge against inflation.
In times of financial or political instability, Gold performs better.
You can hold Gold in your hand, something you can’t do with most other investments.
Gold is perhaps the most popular commodity of all history. Since it was used in early civilizations as a form of status and to honour the gods to being used as currency, gold has been a constant shadow of the evolution of human cultures from the ancient to the modern world.
Gold has been highly valued for its unique and attractive properties since as far back as 4000 BC. The oldest gold treasure in the world dates from 4,600 BC to 4,200 BC and was discovered at a Bulgarian burial site in Varna. Gold was used as a form of currency as early as 550 BC when King Croesus minted coins in what is now Turkey.
Gold has been used throughout history as money and has been a relative standard for currency equivalents specific to economic regions or countries. But the adoption of the gold standard in the late 1800s, cemented its value in modern day finance. This was when most major nations fixed the value of their currency to the gold price. Many European countries implemented gold standards in the latter part of the 19th century until these were temporarily suspended in the financial crises involving World War I. In recognition of gold’s importance to the global financial system, the Federal Reserve was created in US in 1913 to help to stabilise the gold price and currency values.
Purchase of Gold as an investment really only took off after the 1970’s when The United States once again made it legal to own and trade in physical gold. Gold is now a popular investment among a diverse range of investors who wish to diversify their portfolio outside of traditional stocks and shares and in doing so reduce their risk.
Over a long period of time gold has consistently held its value against other asset classes and in the last 45 years has been shown to have outperformed stocks and shares.
Today gold is typically purchased as a hedge against inflation and its price has often been known to rise during times of economic crisis. The main reason for this is that during times of economic uncertainty, people often turn to tangible assets in which to store their wealth in case of a market crash.
A great example of this occurred after the 2009 financial crisis when the price of gold rose to its highest peak in history.
Investing in gold also comes with the responsibility of keeping it safe and secure. Kuber Vaults has the solution for you.
With burglaries and events such as fire or floods which are out of our control, it is comforting to know that you have the best safe deposit box solution available right here in Castle Hill. Kuber Vaults is a world class safe deposit box facility which offers you total protection for complete peace of mind.