Hello community, this post is a follow up on our other blog post Why Buy Gold investment. Rare gold is becoming increasingly popular with investors and here are just 3 reasons why:
- Billionaires are buying gold
- Paper currencies fail
- Central Banks are buying gold
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All developed nations around the globe are using a paper currency that is backed by absolutely nothing, fresh air and this type of system has never worked and will never work, currencies fail. Every single paper currency fails eventually. In the precious metals world gold becomes the biggest winner of 2016, gold is this year’s best-preforming major asset. For the first time in over 30 years countries and central banks are buying gold and the demand for this precious metal will only continue to rise.
Countries and governments are buying gold investment. China and India are buying gold like it’s going out of fashion. Both countries China and India consumed 52% of the world’s gold in 2010. In 2011 the increase for demand from China and India have driven a 7.5% increase in demand for rare gold jewelry during the first half of the year, this is despite a 25% increase in gold price.
In my opinion an investor should at least have a couple of percent of their portfolio in rare gold. In general people are poorly diversified and often when they look back at the past at the moments when they lost more money than they care to remember, it is due to them holding undiversified positions in instruments that went sour. It’s not rocket science that diversification is the only way to secure wealth and gold is a fantastic ingredient for that.
Now is the time to find an asset like gold with value and no risk and no inflation, gold is a good place to start because all it takes for gold prices to rally is an international incident, or an unexpected rise of inflation or even some new financial crisis to start happening. Unlike other commodities that feed off economic activity to drive them, gold can be driven by politics and as it stands one thing that really seems to be a growing wave, is the instability in global politics. When a financial instrument becomes well priced it is time to start acquiring it for the long term. Gold is in that zone right now, so it is time to start paying it increasing attention.
The most safe investment in uncertain times is gold. This precious metal has real-world uses, one example is that gold is being used in nearly every sophisticated electronic device, including cell phones and mobile phones, computers and global positioning devices. Additionally gold is used most extensively in the aerospace technology, specifically used by NASA. Gold is a complete safeguard against irresponsible world governments. It’s a true fact that gold can not be manufactured and due to this reason gold has intrinsic value. Gold works and we should be investing in it and other precious metals to. The most popular investment right now is gold IRA.
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