Investing in gold. Is it profitable to keep money in gold or not?

2024 Author: Howard Calhoun | [email protected]. Last modified: 2023-12-17 10:16

World crises make you think about investing in something permanent and almost unchanged. A person wants to be sure of the safety of his funds at the moment, and in the future. What options exist for making such an investment and how good they are, let's judge together.

Introduction

A person, having a lot of money, will always take care of their safety and value. Therefore, very often he invests in any projects, developments, promotions. With such investments, he still remains uncertain about the future. The project may fail, or something may simply go wrong, so we can safely say that such investments are unreliable. And here a logical question arises: "But what to do, what to invest money in, so as not to at least remain in the red after years?" The answer is simple: investing in gold and other precious metals will help.

Precious metals: which one to invest in?

There are many different investment options available these days. But whether they will be reliable for years or even decades, no one knows. Onehumanity knows for sure: precious metals and stones will always remain in value. For example, gold or silver. These metals have permanent and unchanging physical properties - this is where they differ from money. Metals cannot completely depreciate, and a currency can become mere paper in a matter of seconds.

And as we have already guessed, investments in gold and silver are the most popular and affordable in our time. History shows that these two metals have always been valuable. Investing in gold has many benefits:

• Invested money can always be returned.
• Gold cannot lose its value.
• Gold cannot deteriorate (for example, burn or get wet).

Thus, choosing to invest in precious metal, you can be confident in the future and not be afraid of crises at all. Investing in gold will not leave you in the red. However, it should be understood that such an investment is a long-term one. And if you want to make money, an investor needs to play on the difference between the purchase price and the sale price of his gold.

Gold as the main currency of the past

The past shows that gold was quite popular. This is proved by all sorts of "gold rushes" in the Wild West. Works have even been published on this subject. Nathan Lewis wrote the book Gold: Money Past and Future. It talks about the instability of a currency like the dollar and the ever-solid and unfluctuating value of gold, and the impact of crises and decades on these two currencies.

It is impossible not to agree with the main idea of the author, since it is now much more reliable to keep money in gold than in foreign currency. After all, it is the yellow precious metal that has always been valued, is valued and will be valued - only the equivalent of the assessment will change.

The past also boasts of gold and silver coins, which for quite a long time were in use in most rich countries. However, over time, people realized that it was unwise to use such an expensive metal to evaluate cheap things, and began to replace gold with cheaper options.

Where can I buy gold?

Today, in almost every good bank you can buy gold or, to put it more correctly, invest in gold. Sberbank of Russia, for example, can easily sell you this precious metal in several forms:

• Gold bars. They come in various weights: from the smallest to huge kilogram bars.
• Gold coins. Most often, these coins are also collectible. Therefore, collectors pay special attention to them. However, if you are rich, you can make a nice birthday present for a friend by buying him a gold coin as a gift.
• And the third type of investment in precious metal is the purchase of gold jewelry. If you buy gold for your beloved wife, it will not only be a luxurious gift, but also a good investment in case the world economy collapses.

Sberbank sells gold to almost everyone. Of course, the buyermust be of a certain age. In addition, to buy it, you still need desire and money. Thus, it becomes obvious that investing money in gold is available to everyone who has the opportunity.

Trends in the popularity of gold and silver for this year

This year, 2014, "gold investors" were able to make good money on the difference between buying and selling gold. This is primarily due to the fact that in recent years, gold has cost a little less, based on the price per gram. This year, there has been an increase in gold prices by about 7 percent of the value of 2013. Looking at this percentage, congratulations to investors holding relatively large holdings of gold - they are a little richer than they were in the past.

It is worth noting that the share of a percentage of the cost is constantly increasing, and so far there are no prerequisites for stopping this growth, let alone reducing this percentage. Here's a piece of advice for those who haven't started investing in gold yet: it's better to hold your money. This is due to the high cost of the metal at the moment. Having invested money now, you can simply lose a certain part of the funds due to the fall in the price of gold in the future.

Storage of gold investments

Many people have a question: "Where to store gold?" In essence, it is very correct and problematic. In modern world conditions, with an increase in the criminogenic component of society, most human habitats are unreliable for storing a large number of values. Therefore, investors are looking for more secure places and keep their gold.right in them. One of them is a bank with special vaults.

For example, Sberbank stores gold in special rooms that are protected with the latest technology. Neither thieves nor swindlers can get there, and only the owner will be able to look at his we alth. In addition to banks, there are special private vaults in Europe that keep any material assets safe and secret from everyone.

If you think that all these options are unreliable, you can organize your own storage by buying and installing a modern safe in your home, which is very difficult to break into, let alone carry away. Investing in gold requires special storage conditions for it.

Buying gold bars as an investment

Gold bars are probably the most boring way to invest in gold. They cannot be looked at like coins, they cannot be worn like jewelry, but they can be stored in a very large volume, and this is the biggest plus of this type of investment. Gold bars can weigh up to 1 kilogram.

Sberbank sells gold in bars of various sizes, starting from 2 grams. Thus, everyone can come and invest their money in metal currency. Having bought this metal in this form, you can immediately open a gold account, on which your grams or kilograms will lie. It is very important when buying to choose a reliable bank for this business. For example, some state or the most quoted in the country. By doing this, you canfeel free to invest money at the time of the fall in the price of gold.

Buying gold collectible coins as an investment

It has long been known to everyone that gold coins are also the subject of investment. Those who are bored of storing gold bars can buy it in coins. It's more interesting, in our opinion, and there's always some variety.

Buying gold coins is very easy. First you need to find a bank that sells them. Information about this should be known to any employee in the bank. Having learned that such products are being sold, we approach a competent employee and express a desire to buy bullion coins. If you are lucky, the bank will be able to offer several varieties of coins and charge a price for them. And then you yourself will choose one or another option and buy it. Investments in gold through the purchase of coins are very developed in the countries of America, Europe, and recently began to develop in our country.

If in the future you are going to sell gold coins, it is best to take them to private collections or pawnshops. It is possible that the price in these places for buying gold will be slightly higher than in the bank where you bought it. And it's worth thinking about. After all, the main purpose of investing is to save money, not spend it.

Investing in gold: jewelry

Investing in gold, or rather, in gold jewelry, is the most difficult option for making a profit. However, this type of investment ismost enjoyable for you. Now let's explain why. Ingots and coins are, of course, good, but products made from these precious metals show your material status. A person who has beautiful, weighty gold jewelry is always perceived as a rich man. In addition, it is much more pleasant to give your wife a gift in the form of gold jewelry and thereby, perhaps, secure the future of your family.

This option of investing money is the least profitable, since, in addition to weight, money is also taken for the work done - for the manufacture and sale of the product. On the other hand, it will become the most pleasant for you. However, as always, the choice is yours. As they say, how many people, so many opinions.

Conclusion

Having considered the concept of investing in gold, the types of investments and how to properly profit from it, we can say that this type of investment is reliable and promising. By choosing gold, you will protect yourself by almost 95 percent from any global crises, because it will always remain in price. History proves this to us - yes, a centuries-old history in which this metal has always been of great value.