Gold – The Best Assets to own in 2021
With what we’ve seen through and seen in the last decade, the faith that people had on Fiat currencies has all but waned. It has become hard to justify the fiat monetary system which is why a lot of companies and prominent people have been advocating for the return to the gold standard. Gold has become a trusted secure, safe haven for many. Gold is also known as a standard of wealth that protects investors from catastrophes. Time and time again, this precious metal has proven itself to be a financial sanctuary.
Gold has many benefits besides being a store of wealth; it is also a tangible investment asset different from other investment assets like stocks and shares. For some people, having a tangible asset that you can touch and see is more reassuring than having an intangible asset – this is one of the reasons, some people would rather invest in property than invest in Bitcoin regardless of how incredibly high priced it may be. A tangible asset like gold has a psychological benefit which can’t be overstated. Unlike the cash in your bank account or digital currencies, gold cannot be hacked. The only way to steal it is to physically break in to wherever someone stores their gold whilst others can be hacked remotely from anywhere in the world. In that same vein, gold can be moved around without the seller, you can find gold buyers Australia wide easily these days.
20% of the gold that has been mined is held in the form of bullion any by a number of central banks across the globe. Why? In the last couple of years, central banks have been buying up gold for their reserves. If they were confident about their business, they would be putting more money in shoring up their currency reserves; instead they are buying more gold. We now know that there are no banks or financial institutions that are too big to fall. Since October 2000, 533 banks actually failed which means, those with most of their wealth stored in precious metals stand a better chance of getting through economic turmoil. Gold can be privately accumulated easily liquidated and tradable anywhere in the world. Gold has no barriers; it is reliable and does not expire. You can buy gold anywhere in the world and sell it to gold buyers Australia wide. You can even sell it overseas from anywhere in Australia to China, Russia, Canada and other countries. The days of needing to come into actual physical contact with an actual seller to liquidate your gold are long gone. You can conduct such a transaction from the comfort of your home. Mail-in-services have made it possible for gold investors to buy or search.
The ultimate goal of having gold is to buy low and sell when the price is high. Timing becomes critical with assets like gold. The opportunity to get a great return on your investment increased more than it has ever been in 2020.
Here are a few reasons 2020 became the perfect time to sell your gold online.
- The financial crisis and repercussions of the 2016 Brexit vote
- The economic and political turmoil that followed U.S President’s Donald Trump’s time in office
- The global COVID pandemic
During these periods, the stock market tanked as more investors rushed to buy gold.
If you own gold, you can capitalize on the economic surges and turn your gold metal to hard cash.
