Why Invest In Gold In Singapore
In this post on 'Why Invest In Gold In Singapore' today, we look at the reasons behind the question of 'Why invest in gold in Singapore'.
Considerable time and money have been vested in gold investment? Many investors and savers have also put their faith in gold thoughout history. So why invest in gold in Singapore? What are the real reason people put thier investment in gold?
Here are reasons why invest in gold in Singapore.
To preserve value
Gold as a store of wealth has been practised since ancient times. Gold needs to be mined and produced, while money can always be printed easily.
To hedge against inflation
Over time, the amount of money to pay for a fixed basket of goods rises while gold itself rises by itself over time.
To hedge against currencies
Many currencies will depreciate when gold appreciates.
To invest in a safe haven
Gold has a unshakaeble reputation as a safe haven asset. During periods of economic uncertainty, investors always rush to hoard gold.
To trade as a commodity
Due to its high demand and low supply, gold stands out as a commodity that can be traded.
To diversify one's investment portfolio
Due to its negative correlation with stocks and shares, gold can act as a diversifier of one's investment portfolio.
To collect as jewellery
Since olden times, ornamental use of gold has been a fashionable trait among the wealthy and fashion conscious.
To add glitter to one's wardrobe
The same reason as jewellery execpt that this one allows you to weave it into your clothings.