Investment in Gold
The advantages and disadvantages of investment in gold:
Like investment in any other precious metal, investment in gold also has many advantages as compare with other kind of investing such as bond and stock. • It may not be the most obvious choice for a new investor, but it always is the safest choice. When choosing an investment, there are many factors to consider and every investor has to make sure that the investment he chooses is suitable for his budget and also for his financial goal. The stock market is considered for giving high return together with high risk. Sometimes, stock in hand can become worthless. But gold is money and can never become worthless. From thousands of years, since the beginning of the recorded history, gold has always been use to protect the wealth. Until now, after many civilizations have passed, gold still holds its true value. It can be said that gold is an investment tool that safe and durable to any external events that can make the economic become down. Gold can resist the damaging effects of inflation and maintain money worth for future use. Gold is the only asset whose value increases even when the value of the dollar goes down. That is the reason why most government in the world uses gold as a reserve to their fiat currency. • One of greatest advantages of gold is that Gold is not the subject of taxation. It means that any profits gaining from gold you do not have to share with other government agencies collecting taxes. • Another factor that makes gold become such an easy commodity to invest in is its storage. Since gold bars and coins can be bought from banks and gold dealers, investors now have an option on where to keep their investments. The most common gold storage is kept at home. This enables investors to save up on fees that are usually spent on maintaining deposit accounts and safety deposit boxes. And with the gold safely kept inside the home, it will be there when it is time to cash in.
However,
Like investment in any other precious metal, investment in gold also has many advantages as compare with other kind of investing such as bond and stock. • It may not be the most obvious choice for a new investor, but it always is the safest choice. When choosing an investment, there are many factors to consider and every investor has to make sure that the investment he chooses is suitable for his budget and also for his financial goal. The stock market is considered for giving high return together with high risk. Sometimes, stock in hand can become worthless. But gold is money and can never become worthless. From thousands of years, since the beginning of the recorded history, gold has always been use to protect the wealth. Until now, after many civilizations have passed, gold still holds its true value. It can be said that gold is an investment tool that safe and durable to any external events that can make the economic become down. Gold can resist the damaging effects of inflation and maintain money worth for future use. Gold is the only asset whose value increases even when the value of the dollar goes down. That is the reason why most government in the world uses gold as a reserve to their fiat currency. • One of greatest advantages of gold is that Gold is not the subject of taxation. It means that any profits gaining from gold you do not have to share with other government agencies collecting taxes. • Another factor that makes gold become such an easy commodity to invest in is its storage. Since gold bars and coins can be bought from banks and gold dealers, investors now have an option on where to keep their investments. The most common gold storage is kept at home. This enables investors to save up on fees that are usually spent on maintaining deposit accounts and safety deposit boxes. And with the gold safely kept inside the home, it will be there when it is time to cash in.
However,