It’s natural and even smart to question if an asset is a good investment or not. Of all the things, an investor should keep this question as the top-most priority. Gold has been a popular investment throughout years. Owing to its value, it attracts a lot of attention. As the world is evolving, the trading and investment processes have changed a lot. Indians, especially, invest in gold to meet their financial goals.
As an asset, the mindset with which we invest make us end up in situations we never want to be. Here are a few reasons why Gold is a profitable asset:
- A mainstream asset: Gold is not driven just by investment demand; it’s a mainstream asset. Gold has been used as a value of exchange for last 3000 years; even before currencies existed. The treatment of gold is an equivalent of money itself.
- A tangible asset: A big factor in the sense of security of Gold comes because this asset is tangible. Buying gold is much easier and convenient than other tangible assets like real estate. Gold is free from the bounds of digital hacking and other assets that are stored digitally.
- Savior in the times of crisis: During the times of crisis of any nature, be it monetary, economic or geopolitical; gold protects the investment made and thus the living standard during the times. In troubled times, selling gold and instilling stability is a very reliable option.
- A highly liquid asset: The ideal property of Gold is that it is really easy to sell and move. Gold can be sold or traded for goods any time from almost any jewellery dealer around. As compared to other assets, like real estate where it takes longer time to sell and different kinds of commissions to worry about, Gold is safer and easier option.
Though there are risks involved in the selling of gold and appropriate prices but proper background research and reliable service provider can honestly evaluate and pay the desired value of your gold. With gold, one needs to be careful about Pledging and its added interests which make it harder for you to get your asset back.
Apart from that, gold is always a risk-free and reliable investment option.