Jewelry Shops in Singapore
Is Gold Still a Good Investment?
by Business Listings EditorPhoto credit: canstockphoto
Investing in gold is one of the most lucrative and safe ways to diversify one’s portfolio, especially for many Singaporeans who are also looking to secure their wealth in the long term.
Gold’s value does not move radically in line with equity, property, money, or other assets. With inflation and credit crunches looming all over the world's economies, people need to make wise investment decisions.
Here are some reasons why investing in gold would be a wise move.
- Gold is the infinite currency
Money currency has gone through many paradigm shifts since the beginning of time. However, physical gold is a worthy investment since it has stood the test of time and become the universal currency.
Most investments are speculative since they fluctuate or change value in time. Whether you are trading your gold or saving it for a rainy day, you stand to win every time.
- Gold is a good way to preserve wealth
People keep worrying over the value of their wealth since it can be lost in many ways. Theft, accidents, fraud, death, and even fluctuating economies can lead to loss of wealth.
Gold, however, gives you a sense of comfort and security in your investment and wealth preservation. It is not above theft or fraud, but since it is not common, you can easily trace it down. In case of death, you can pass it down from one generation to the next.
- Anybody can invest in gold
Unlike stocks or Forex where you need a wealth of knowledge, anybody can easily invest in gold. As long as you have the required capital, you do not have to be some kind of mogul or billionaire to have a stash of gold.
In fact, many people are venturing into gold since it has a higher rating than real estate, stocks, and bonds. People who come across sudden capital such as inheritance, savings interests, stocks profits, and property sale are at a good place when it comes to investing in gold.
- It is not affected by money printing
Some economies solve their inflation problems by printing more money, which makes it worse. Most investment portfolios are greatly affected when money is in excess. Investing in gold can protect you from such uncontrolled economies. No matter how much paper money is printed, the value of gold remains constant.
- It saves you from banking crises
Most people have lost their investments as well as savings when their entrusted banks collapse. Numerous banking crises have left people with scars in their wallets when their investments and savings go down with the collapsing bank.
Gold investors have a chance of surviving such a crisis. In most cases, gold investors come together to save such banks from collapsing. Pooled capital from gold investors has been a good insurance option for banks and governments across the world.
- You have many options for your portfolio
The interesting thing about gold is that it comes in a wide portfolio. If you cannot invest in gold bars, you can invest in jewellery. You can even invest in modern bullion coins and bars.
Gold also comes in numismatic gold coins as well as semi-numismatic gold coins. Apart from physical gold, you can get gold certificates, paper gold, e-gold, and digital gold currency.
Interested in investing in gold? Investing in gold jewellery might be an easy starting point. Visit Crown Gold to learn about investing in gold. Also, check out SgFave's business directory about jewellery shops in Singapore and our jewellery consumer guide for more stories and tips about jewellery.