What do you think are the advantages of investing in gold?

[astutimeliana723]

The advantages of investing in gold that I know include the price of gold tends to rise, gold is easy to resell or cash in, can be with small capital, no need for maintenance or maintenance costs, There is no interest deduction for investing in gold, you can save it as an emergency fund, and so on.

Now, What do you think about advantages of investing in gold? Lets discuss here, thank you.

 

[Chibson]

Investing in gold has a lot of advantages. One of the major advantage of any kind of investment whether in gold ore any other is to make profit. So making profit is a major advantage.

 

[Suba]

Currently gold is easy to obtain both online and offline, we can save gold periodically, or buy in small quantities in grams, it is easy to liquidate or pawn, it can be used as a dowry,

 

[eldavis]

Gold is actually one of the best things to invest in but also very risky if not done the right way. Gold investment has been able to stand the test of time.

 

[Chibson]

Gold is actually a very good investment because it is safer than cryptocurrency. But the truth is that you are going to get better return of investment through Bitcoin.

 

[Springtime]

Investment in gold is pretty safe. Though the price of gold may go up and down, but the fluctuation will not be as great as in crypto or stocks. It is also easy to liquidate.

 

[cherry123]

A whole lot of people love to invest in gold as the price of gold tends to rise and even gold is easy to resell unlike when you have other precious stones to reaell

 

[timewo]

The government agencies cannot keep track of gold investments and additionally some states like madhya pradesh are falsely claiming that gold investors are domain investors to get housewives lucrative government jobs in the internet sector at the expense of the real domain investor.

 

[Shavkat]

In my mind, it is good to invest in golds because the value does not depreciate.

 

[Etini Willie]

In my mind, it is good to invest in golds because the value does not depreciate.

That is just the simple reality. Gold very hardy depreciates. Even if it might be by a small margin, it would surely appreciate.

 

[Rubz]

I think some of the advantages of investing in gold are;
- gold tends to increase in value
- gold maintains its value over time unlike fiat currencies
- gold is easily convertible to cash and other assets.