Wednesday, August 17, 2022

Physical Gold Investment: The Hows and the Whys

Physical Gold Investment: The Hows and the Whys

One of the famous statements ever made by an American president goes as follows: “We have gold because we cannot trust governments.” As a matter of fact, this is the statement President Herbert Hoover quipped to President Franklin D. Roosevelt during the deliberation of the Emergency Banking Act way back in the 90s. Although this is one of the reasons why people engage in physical gold investment, not all gold buyers invest in gold out of fear. It is true that a government can fail, and in such a scenario, money loses its value. However, the fact of the matter is that gold is the most stable, the most proven, and the best investment to engage in.

Physical gold investment is recommended when currencies weaken

For centuries, gold is a metal that has been revered, desired and coveted all over the world. It was first used as a currency in the ancient Greek markets in Lydia. The Phrase “Midas Touch” was coined from King Midas’ ability to turn everything he touched into gold. Until 1933, gold was used as a currency in the United States of America. Although it is just a mineral that is found embedded in rocks, gold has mesmerized and mystified everyone across the world. Over all the centuries of human existence, it has remained a traditional mineral of an immense value. As such, a physical gold investment is recommended.

Why should anyone invest in gold?

Gold’s value is high on account of its scarcity. According to data from geological surveys in the United States of America, the world has about 33, 000 tons of gold left to extract. However, the world still has more of this. The value of gold rests on the fact that it is malleable, dense, soft, durable; and of course, beautiful enough to attract the attention of human beings. Since it is scarce, and stable in nature; it becomes one of the most recommended metals to make a physical gold investment in. You can buy gold in the forms of gold jewellery, gold coins, or gold bars.

The best option is investment in gold bullion

What is called “gold bullion” is gold that has been refined to 99.9% purity, melted down, and molded into coins, ingots or gold bars. The word “ingot” was coined from A French word that means the same as “broth”, which means to boil. It is in this kind of gold that anyone should invest in. A physical gold investment tantamount to holding money and value in your hands. Instead of putting money in the bank, buy that gold now.

Would you like to buy gold bullion?

If you would like to start a physical gold investment, then we recommend that you start buying today. We are an East African company that sells high quality 24k gold obtained from the Democratic Republic of Congo. We sell gold bars, gold ingots, and gold coins from Africa. Contact us now if you are interested.

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