Is gold a good investment? This is a question that has been asked for centuries, and it still remains a hot topic of debate today. gold is a precious metal that has been used as a store of value for thousands of years. It is a popular investment option for those looking to diversify their portfolio and protect their wealth from inflation.
Suresh Sadagopan, MD & Principal Officer, Ladder7 Wealth Planners said, “gold is a good asset to buy when there is a lot of uncertainty and economic volatility. gold is seen as a safe haven and can be a hedge against inflation, currency fluctuations, geopolitical tensions and market volatility.”
Young people may benefit from buying gold because they generally have to invest for decades before they can retire. That gives gold enough time to increase in value. While some invest buy gold futures, shares or physical gold, gold ETFs are gaining in popularity since they are easy to buy and sell, and they are backed by London Bullion Market Association's (LPPM) rules for good delivery.