Reasons Why You Should Invest in Gold Bars
The reasons for owning physical gold stretch far beyond the opportunity of its price rising. Gold bars provide distinct advantages that basically can’t be obtained in almost any other investment. These benefits offer you power as an investor. And yes, one of these reasons is because the price is assumed to rise expressively.
Gold Is a Concrete Asset
If you purchase gold bars, you can physically keep it close to you, something that almost no other form of investment offers. Real gold is imperishable – neither by fire, water, or even time. Unlike other possessions, gold doesn’t need to be fed, fertilised, or maintained in any sense. And since there’s tremendous availability of gold, it has an intrinsic value that these other investments don’t have.
Gold offers Zero Counter-party Risk
If you hold a gold bar, no paper contract is required to make it whole. No distributor or other party is needed to fulfil a contractual responsibility. That’s because gold is the only financial investment that is not simultaneously some other entity’s responsibility.
This is significant because the last man standing when bubbles pop, or crisis hits, will be gold. That’s an influential tool to have in your portfolio when things begin to go wrong in your country or economy.
Gold Offers Confidentiality and Privacy
How many assets in today’s world are like that? If privacy is what you are looking for in an investment, physical gold is one of the few assets that offer this.
Gold remains one of the very few investments that can remain anonymous. If this is what you want, no one has to know you own a gold bar. Virtually any other investment you own does not offer this benefit.
Gold Is Portable and Liquid
Gold is also ideal since it is easy to sell gold bars and can be carried in your pocket anywhere you go.
Gold is highly liquid. Virtually any gold bar dealer in the world with gold price calculator will recognise a gold Eagle and purchase it from you. It can be sold to your local coin shop, a pawn shop, an online dealer or a private party. It can always be traded for goods or sold for cash.
The process is often quicker than selling a stock in your brokerage account. It typically takes 3-4 business days for clearance before cash can be shifted to your bank account or a check mailed.
Easy Storage – Low Maintenance and Carrying Costs
A question that frequently comes up with physical gold is the expenses of storing it. But while specialised storage does come with payment, vaulting charges are classically low. And compared to the headaches and expenses of, say, real estate, this small storage bill seems favourable. Just lock your gold away until it’s the right time— no late renter payments, complicated tax issues or calls to fix a broken toilet.