ATH topic, GOLD!!!! Gold is considered to be a good store of value. A store of value is an asset that maintains its value, rather than depreciates. If you look at how the price of gold has changed over the past 20 years, you will see it has increased consistently.
Right from the historical ages, gold has always been a precious metal. It is unaffected by the volatilities and fluctuations that plague the global financial markets.
This is why it is considered to be a store of value, a much better one than cash. If you keep your money in gold, you can rest assured it will not be affected by exchange rate changes or other downturns.
For myself and family, we did purchased some physical gold but more keen towards digital gold nowadays. Digital gold is ideal for investment purposes. Here, you essentially buy it online, and it gets deposited into your account. But you don't get to touch it or see it. You just know that it is there. This option is highly liquid and can be converted into cash at any time. You can buy digital gold from several apps and websites. Digital gold, however, is not regulated in many countries, and therefore, carries an additional risk element.
How do you think? Come and share your opinion guys [Cool] [Cool] [Cool]
@TigerStars @CaptainTiger @MillionaireTiger @Tiger_chat @Tiger_comments @TigerEvents @TigerSG @TigerClub
Comments
Do you think digital gold will continue to gain popularity as an investment option, despite the regulatory risks?
Have you considered investing in other precious metals as a diversification strategy?
Gold has definitely stood the test of time as a reliable store of value.
Should we buy GOLD now??
USD down Gold up