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Is Gold a Good Investment?

 
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Investing in gold can be a smart choice for young people. We look at the pros and cons of gold investments and the best strategies.

Description: A man in a suit holding a golden bar.

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.

Is gold a Good investment? Looking at the earnings estimate revisions for Barrick gold, the Zacks Consensus Estimate for the current year has been revised 0.3% upward over the last 30 days. That's a sign that the analysts are becoming more optimistic on the outlook for gold.

gold performed much better in weaker currencies. In the last decade, invest, particularly in China, Turkey, and India, have been buying gold at a record pace. gold is a hedge against inflation and a way of preserving wealth.

But are gold and silver good investment options? Should you invest in gold and silver? As we move into the digital age, even paper currency is starting to become obsolete. gold is still viewed as a safe store of value. It is a long-term investment that can be used to diversify your portfolio and protect your wealth from inflation.

Financial experts typically consider gold to be a good way for people to protect the value of their investment portfolio from declining due to market volatility. gold is also a good hedge against currency devaluation and other macroeconomic risks.

It is also good to see that Douglas Kirwin, the Non-Executive Director of Southern gold Limited (ASX:SAU) recently shelled out AU$69k to buy stock, showing his confidence in gold as an investment.

Overall, gold is a good investment option for those looking to diversify their portfolio and protect their wealth from inflation. It is also a good hedge against currency devaluation and other macroeconomic risks. However, before invest in gold, it is important to understand the risks and how to properly diversify your portfolio.

Labels:
goldinvestmentyoung peoplediversificationstore of valuegold etfslondon bullion market associationbarrick goldearning estimate revisionscurrency devaluationmacroeconomic riskssouthern gold limited

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