Today, people increasingly want to invest. Unfortunately, many people end up not investing because they do not know how to choose the right instrument. Instead of being confused, you can start with a gold investment.
Gold investment has become excellent in various ages, ranging from millennial generation to the baby boomers generation. Reportedly, gold investment is also more profitable than other investments.
According to investopedia.com, people see gold as a way to pass on and preserve their wealth from one generation to the next.
Then, what are the benefits of gold investment?
A medium of exchange during a crisis
All countries must have experienced a financial crisis. To avoid the crisis, you can rely on the gold savings that you have to use as a medium of exchange when the currency is out of control.
Moreover, gold is usually not affected by inflation, so it is more controlled.
Emergency fund
Besides avoiding inflation, gold can be compared with cash because it is more easily disbursed. Thus, the use of gold can be maximized for emergency funds or other urgent needs.
It means that gold savings can provide convenience and make it more prosperous.
Safer
Being able to avoid inflation and high interest rates, gold investment is arguably safer than other investment instruments. Gold fluctuations are not as extreme as stock and crypto currencies.
Make a profit
Unlike stocks and crypto currencies in general, saving gold actually makes a profit. In addition, gold tends to be stable from ancient times to today.
Saving gold does not produce cash flow returns, but it will produce capital gains. You can feel the benefits in 8-10 years later.
Thus, it is suitable for millennial rather than crypto which is not stable.
Read more : 5 Investment Mistakes Investors Often Make
