Gold: Does It Make Sense To Buy It During Crises And Inflation?

The price of gold has held up well over the long-term. This makes it a good investment to combat inflation and geopolitical uncertainties – which are creating volatility in the markets currently. In the podcast we look at how gold has held up during near-term uncertainties as well, such as recent wars and recessions. 

We also need to go about buying gold. We can invest in gold ETFs, similar to how we buy and sell stocks on the exchange. However, gold does not produce income, while there is a cost to storing and managing the gold ETF. This is the same for gold accounts or other precious metals accounts we can open with banks.

The other question we also explore the topic of buying gold for investment VS buying gold to wear. Furthermore, if we can enjoy wearing our jewellery (which is an investment on its own) while also seeing its value rise, that could be a win-win outcome too.

Read More: https://dollarsandsense.sg/can-gold-really-safe-haven-times-crisis-take-look-gold-prices-periods-uncertainties-find-co-relation/

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