Should i buy gold instead of saving?

Gold could be much more efficient than cash when it comes to storing wealth. Interest rates remain low, meaning that your money in the bank “earns practically nothing,” CNN Money reports. If inflation is taken into account, that cash may have lost value. It is recognized that gold has a history of long-term stability.

Unlike paper money, coins or other assets, gold has maintained its value over the centuries. People view gold as a way to transmit and preserve their wealth from one generation to the next. Since ancient times, people have valued the unique properties of the precious metal. Gold doesn't corrode and can melt on a common flame, making it easy to work with and seal it as currency.

In addition, gold has a unique and beautiful color, unlike other elements. Gold atoms are heavier and electrons move faster, which creates the absorption of some light; a process that had to decipher Einstein's theory of relativity. You can also invest in gold by purchasing gold mining stocks, gold futures contracts, and gold exchange-traded funds (ETFs). Investors have discovered that gold tends to recover its value relatively quickly due to inevitable market volatility.

This is largely because it often fluctuates in opposition to economic fluctuations. Much of the supply of gold on the market since the 1990s has come from the sales of gold ingots in the vaults of global central banks. While this value may change, one of the main reasons investors seek gold is because physical gold is easy to liquidate.

Buying gold

may make sense for some investors, but it might not be something you want to rush into.

In addition, gold is considered a good store of value, so people can be encouraged to buy gold when they believe that their local currency is losing value. In some cases, investing in gold literally means buying gold coins or ingots, although that's not necessarily the most liquid, safest, or easiest way to invest. Other investors may want to diversify their portfolios by buying a gold ETF, for example, that is backed by physical gold, but that doesn't require investors to store gold ingots themselves. You can, for example, invest in physical gold by purchasing the above-mentioned gold coins or ingots, as well as gold jewelry.

Every gold coin has two sides. Investing in gold is a lucrative idea, and investing in gold is a losing idea, and then there's the truth. This is because people chose to accumulate cash, and the safest place to store it was in gold and gold coins at the time.