Humanity’s Love Affair with Gold
Why Bother with Gold in the 21st Century?
Globalization is a double-edged sword. It has brought many economic opportunities as well as risks. Today, one event in one country could have repercussions in the global market. One could simply look at how the international market was plunged into uncertainty after the British voted to leave the European Union in what is now called the “Brexit”. Similarly, a coup d’etat, or an election, or a housing bubble in a country somewhere can also cause volatility. This is the nature of today’s global economy. Though all the global drama and ups and downs, gold has remained a trusted and reliable vehicle of wealth preservation. This is because gold has intrinsic value. It can be made into jewelry, added into food, drink and medicine, used for industrial purposes and as a hedge against inflation and other economic fluctuations. Thus gold still remains a sensible way to protect against economic shocks and disruptions.
For those who want to invest in gold, there are several key gold products to choose from. For example, there are gold bars and coins, which are physical products that can be bought in different weights. Bars are usually sold in 1kg or less, while coins have several different types to choose from (for example: the American Gold Eagle bullion coin or the Canadian Gold Maple Leaf coin). There are also gold-backed exchange traded funds are financial products guaranteed by gold bullion that are listed on a stock exchange and bought and sold in shares. Birch Gold Group offers these products to protect your wealth so that you can have peace of mind that your investment is safe.
When Should One Buy Gold?
As gold is a trusted investment vehicle that has held its value over millennia, there really is not “perfect time” to buy gold. However, due diligence is definitely still needed before deciding to buy gold. Please make sure you buy your gold products from a reputable vendor that has a good reputation and a proven track record, like Birch Gold Group, which boasts an A+ rating from the BBB (Better Business Bureau). If you have done your homework properly, your gold investment will pay you handsome dividends in the future.