Investing in gold has been around since as far back as 550BC when King Croesus minted coins in Turkey. If it was good enough for ancient kings, the question remains, ‘Is gold a good investment in 2021?’
In this article, we will give you all the information about the current gold market and whether it’s worth your time. If you aren’t clued up about how to invest in gold, you will by the time you finish reading this!
Why Invest in Gold?
An investment in gold can be one of the safest ways for wealth preservation. Many investors trust the value of gold, knowing that it’s one of the more lucrative markets out there when it comes to inflation.
Gold tends to rise in value over time, whereas physical money doesn’t. That’s why investors choose to invest in gold, knowing that they can sell the gold for a much higher price than they originally bought it for.
It’s also a safe haven investment. This means that gold is typically not impacted by interest rate decisions. It also can’t be manufactured accordingly to supply and demand.
Gold is a naturally occurring element so its scarcity in the world means that it’s often used as an insurance policy when economical events take place.
Gold is a good way to diversify any investment portfolio. You should never put all your eggs in one basket when it comes to investing. A diverse portfolio means less risk and fluctuations when it comes to profit.
Should You Invest in Gold in 2021?
Yes, investing in gold in 2021 is still a very viable option for investors. After the initial COVID-19 uncertainty where the gold market took a hit, gold is now at a comfortable 57.45 dollars per gram.
With further economic uncertainty in 2021 and continuing into 2022, we could see record highs of how much gold is worth. So this could be a perfect time to invest!
If you want to learn more about investing in gold, click the link.
Types of Gold to Invest in
Many investors choose to invest in gold bullion or gold bars. It’s a physical format of the gold product that can be held in bars, coins or ingots.
Investors can buy these products through banks, reputable stores, or even through online stores.
However, investors may also choose to invest in gold mining companies, who directly mine the gold. This is more of a riskier investment, as the gold isn’t guaranteed, but it has a greater reward if they do strike it lucky.
Gold EFTs (exchange-traded funds) are a way to buy gold without the issues of having to store the gold, which can be costly.
Is Gold a Good Investment in 2021?
If you are still asking the question, ‘is gold a good investment in 2021?’, you shouldn’t be.
With the prices of gold at their highest since 2012, this is the perfect time to capitalize on investing in gold. It’s a good investment to have with a balanced portfolio.
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