You can invest your savings in stocks and shares and you may even be successful, but the stock market is a fickle thing and prices can change at the drop of a hat due to the weirdest thing. If Trump says something stupid, the prices drop and if buyers and sellers get a bit jittery for no particular reason, the stock market reacts as well. Having your money in investments like these can be very stressful and unless you know what you are doing, you really could lose it all.
It always makes sense to invest some of your financial portfolio into something that has proven itself to be fairly dependable over the years and so it is a smart decision to put some of your hard-earned money into gold. People have been doing it successfully for hundreds of years and the beauty about it, is that you don’t have to be an expert to know the value of what you have. Prices are published every day in gold shops all over Australia and they can offer you cash for gold whenever you want it.
It just makes good financial sense to invest in Gold and if you are unaware of the benefits of that, then let’s explore some of the many reasons why you should here.
- Gold is your liquid asset and it is very portable. You can sell it almost anywhere in Australia and every specialised gold buying shop or pawn shop will gladly do business with you. You can exchange it for ready cash on the spot or you can trade it for something else. If you buy stocks and you want to sell, there is a lot of paperwork to go through and you still don’t get the money into your bank until at least 3 days later. With gold, you get paid then and there.
- It’s easy to store and take care of. Many of us invest in gold jewellery that we can wear like watches, bracelets, rings and necklaces and if we want, it can be easily stored in a safe in our home when we are not using it. It can be retrieved at any time in case you want to sell it. There are no storage charges as it is your home, and only you know that it is there. You can easily hold 50,000 Australian dollars’ worth in the palm of your hand.
- You don’t need any specialised knowledge to know its value. Could you tell a real painting from a fake or a real diamond from a piece of glass? Probably not, but when you walk into a specialised gold merchant, you know what you are getting is real and you know its exact value on that specific day. There is no ambiguity.
If you haven’t already, you really need to invest in some gold. It is easy to buy it and transactions are all very straightforward. Your local gold buyer also sells at the market rate and they stock some fine pieces of jewellery or just plain gold bars. It’s entirely up to you what you choose.
