Know This Before Buying Gold
25 May 2023
Gold is a popular investment option for the below mentioned reasons
Portfolio diversification:
Gold can be a good way to diversify your investment portfolio. It is a non-correlated asset, which means that its price does not move in the same direction as other assets, such as stocks and bonds. This can help to reduce your overall risk.
Hedge against inflation:
Gold has historically been a good hedge against inflation. When the value of the currency decreases, the value of gold tends to increase. This is because gold is seen as a store of value.
Tangible asset:
Gold is a tangible asset, which means that it can be held in your hand. This can be appealing to some investors who want to have a physical asset that they can see and touch.
Liquidity:
Gold is a liquid asset, which means that it can be easily bought and sold. This makes it a good option for investors who need to access their money quickly.
Low maintenance:
Gold is a low-maintenance asset. It does not require any special care or storage
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