Most common questions used to investigate
Are you looking for long-term wealth preservation?
Do you want to stay away from middlemen and contacts?
Have you wanted an investment that can be quickly turned to cash when needed?
Do you want an investment with low maintenance costs?
Do you think you don't know much about gold?
Do you want your investments to be private?
Common conclusions
Gold has historically been the investment of choice and is considered to more value than any currency as the latter can depreciate due to economic and political reasons, but the value of gold is not dependent on any particular currency or other external factors. This is why people have always held physical gold as a long-term investment. Never compare the fluctuation of gold prices with that of its return on investment. If you plan to hold it for long periods, gold can give you excellent returns when compared to currency.
If you've been averse to middlemen and contacts, gold should be your preferred choice of investment. When you buy and store physical gold, it is yours until you decide to sell it. There are no contracts to worry about and more importantly, no middlemen. You can buy and sell it directly without any interference. Also, no worries about contracts, obligations, and deadlines!
Gold is definitely a physical object, but it is also a liquid investment because you can sell it at any time and convert it to cash. You can sell it at your local jewelry store, pawn store, or even an online trader. Another advantage with gold is that you can even consider trading it for another item and not necessarily cash. These flexible options to use gold however you want make it an invaluable and non-depreciating alternative to currency.
Gold has no maintenance costs at all. Once you buy it, all that you have to do is store it in a safe place. You can choose to have it at home or in a safe vault of a bank if you have large amounts of gold. The choice is up to you. The bottom line is there are no maintenance or repair costs associated with it, unlike real estate or other forms of investment. For this reason, gold is a convenient investment.
Well, that's the simplicity of an investment in gold as it requires no prior knowledge at all. If you take diamonds, for example, you should have an eye to choose a real one. Likewise, you should be able to predict an upcoming locality for real estate. But gold requires no such expertise. Buy bullion from a reputed company or dealer and you're good to go.
Gold investments are confidential and private and it is not possible for others to track or know about it. There are no taxes that you have to pay for owning physical gold and this makes it a confidential investment.
Still, gold is a good choice if it meets your other investment criteria.
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