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Does It Still Pay to Invest in Gold?

Investors can invest in gold through exchange-traded funds (ETFs), buying stock in gold miners and associated companies, and buying a physical product. These investors have as many reasons for investing in the metal as they do methods to make those investments.https://b203361c1e78ddda557d3ea5c65069c4.safeframe.googlesyndication.com/safeframe/1-0-38/html/container.html

Some argue that gold is a barbaric relic that no longer holds the monetary qualities of the past. In a modern economic environment, paper currency is the money of choice. They contend that gold’s only benefit is the fact that it is a material that is used in jewelry. On the other end of the spectrum are those that assert gold is an asset with various intrinsic qualities that make it unique and necessary for investors to hold in their portfolios.

Investors can invest in gold through exchange-traded funds (ETFs), buying stock in gold miners and associated companies, and buying a physical product. These investors have as many reasons for investing in the metal as they do methods to make those investments.https://b203361c1e78ddda557d3ea5c65069c4.safeframe.googlesyndication.com/safeframe/1-0-38/html/container.html

Some argue that gold is a barbaric relic that no longer holds the monetary qualities of the past. In a modern economic environment, paper currency is the money of choice. They contend that gold’s only benefit is the fact that it is a material that is used in jewelry. On the other end of the spectrum are those that assert gold is an asset with various intrinsic qualities that make it unique and necessary for investors to hold in their portfolios.1

KEY TAKEAWAYS

  • Goldbugs have often encouraged investors to own the precious metal as part of a diversified long term investment portfolio.
  • Gold is seen as a hedge against inflation and a store of value through thick and through thin.
  • Holding gold, however, comes with unique costs and risks, and the data show that historically gold has disappointed on several of its purported virtues.

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Investing In Gold

A Brief History of Gold

In order to fully understand the purpose of gold, one must look back to the start of the gold market. While gold’s history began in 2000 B.C, when the ancient Egyptians started forming jewelry, it wasn’t until 560 B.C. that gold started to act as a currency. At that time, merchants wanted to create a standardized and easily transferable form of money that would simplify trade. The creation of a gold coin stamped with a seal seemed to be the answer, as gold jewelry was already widely accepted and recognized throughout various corners of the earth.

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