4 REASONS WHY YOU SHOULD INVEST IN GOLD
If you are looking to invest, you might consider gold as one of your investment options. There are 4 key reasons why you should invest in gold:
- 1. It has been traditionally used as a form of physical currency and a safe-haven asset held by central banks. This means a strong demand for the future.
- 2. There has been a decline of new gold supply from mines since 2000. It can take 5 to 10 years for a new mine to be brought to production. As a general rule, reduction in the supply of gold increases gold prices.
- 3. You can purchase gold readily from various sources. You can buy gold mining stocks and ETFs online or gold bullion from banks or Pawnbroking firms like MoneyMax
- 4. It is a good hedge against inflation as the price of gold tends to rise when the cost of living rises.
Gold investments are likely to have a place in the future as economic uncertainty looms. Purchasing gold bullion or coins as part of your investment strategy might be a more savvy investment alternative to putting your money in a bank.
If you are interested to get kick-started today, drop by any one of our 38 MoneyMax stores which are conveniently located island wide for you. Our friendly staff will be more than happy to meet your needs.