Shyon
2023-12-07

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]  

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Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

  • Marialina
    2023-12-07
    Marialina

    Do you think digital gold will continue to gain popularity as an investment option, despite the regulatory risks?

    • Shyon
      I believe yes, it is just a matter of time, like crypto previously.
  • MyrnaNorth
    2023-12-07
    MyrnaNorth

    Have you considered investing in other precious metals as a diversification strategy?

    • Shyon
      Currently prefer gold only. The rest are basically more volatile and less stable.
  • CyrilDavy
    2023-12-07
    CyrilDavy

    Gold has definitely stood the test of time as a reliable store of value.

    • Shyon
      Ya, it is proven over the few decades.
  • WebbBart
    2023-12-07
    WebbBart

    Should we buy GOLD now??

    • Shyon
      Maybe can if can sustain at this level. Now being resisted by the ATH resistance.
  • WebbBart
    2023-12-07
    WebbBart

    USD down Gold up

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