Gold is one of the most recognized value items in the world. It transcends cultural boundaries, and throughout history, gold has played numerous roles, from currency to essential electronics to art jewelry. For many investors today, gold retains its appeal as a homogenous asset, offering an alternative to the traditional stock and bond markets. https://www.legitearth.com/
The precious metal is considered a safe haven and sees peak demand during volatile times like the current COVID-19 pandemic. At its last peak in August 2020, gold broke US$2,000 for the first time. This is up from just US$1,485 at the same time in 2019.
Gold also acts as a hedge against inflation. As the general price of goods increases, so does the price of gold. This is partly because gold is available in such limited quantities, and because of this, gold owners can better preserve their purchasing power, even as low interest rates drive up prices.
Today, there are several ways an investor can gain exposure to gold. Not all of them involve ownership of precious metals, or require large amounts of initial capital.
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