Gold has long been regarded as a valuable commodity.
In the last two decades, gold's price has risen dramatically across all currencies. With precious metals being the ultimate form of money and being uncorrelated to other assets, it makes sense to diversify your assets by holding 10 to 15 percent in precious metals.
During tough economic times...
It usually grows in value and is a valuable hedge against inflation. There appears to be a significant risk associated with it since it is priced in volatile, unstable paper currencies. However, it can't be denied that its long-term trend is most definitely up when compared to all currencies!
Source: Goldprice.org
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A gold coin is made principally of gold. When I can afford it, I buy a gold coin. These are mostly bullion coins and is valued on the gold content.
What is a Bullion Coin?
A bullion coin is an investment-grade coin that is valued by its weight and fineness of a specific precious metal. Unlike commemorative or numismatic coins valued by limited mintage, rarity, condition, and age, bullion coins are purchased by investors seeking a simple and tangible means to own and invest in the gold, silver, platinum, and palladium markets.
Source: US Mint
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I am not a financial adviser. This article is not meant to be financial advice. My articles on cryptos and precious metals share my personal opinion, experiences, and general information on cryptos and precious metals.
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