YOU CAN AFFORD TO INVEST IN GOLD
As a precious metal, gold is sought after because of it’s rarity. Due to the limited supply available gold is seen as a store of value that cannot be manipulated like other assets and currencies.
Most people think that you need to have a lot of money to invest in gold, but that is not true. At our global wealth creation seminars we show you how to make gold investment one of your passive income streams.
Gold was used as a form of currency as earlier as 550 BC when King Croesus minted coins in what is now Turkey. But the adoption of the gold standard in the late 1800s, cemented its value in modern day finance. This was when most major nations fixed the value of their currency to the gold price.
In recognition of gold’s importance to the global financial system, the Federal Reserve was created in 1913 to help to stabilise the gold price and currency values. The UK and the US abandoned the Gold Standard due to the turmoil of the great depression in the 1930’s.
USING GOLD TO HEDGE AGAINST INFLATION
Gold has earned a reputation as being a hedge against inflation and it is well earned. Since inflation means the decrease in the value of FIAT (paper, unbacked by metals) money, people turn to assets that proved to be money throughout history – gold and silver.
Platinum has in recent years emerged as a valuable asset but is not as recognisable as silver and gold so isn’t used as widely as other precious metals are.
Does the gold price move up as the price of goods goes up you may ask, the answer is yes, or it would not be a hedge against inflation if it didn’t.
Gold’s inflation hedging abilitiy means it maintains it’s value over time, hence it protects against the depreciation of the regular fiat currencies.