There are endless reasons to start investing in gold. The most important is that its price tends to multiply more and more, especially in the midst of financial crises that force governments to depreciate their own currency gold ira companies.
This is the "last refuge" of the investor when the value of the bonds, stocks or cash comes down, so experts say that in any adverse economic situation, investing in gold can save your assets. Why you should invest in gold: Like many investment alternatives, when talking about investing in gold, people assume that it is something that only investment experts can do. They believe that large sums of money are required to do so, and logical doubts arise how, where is gold stored? Or who sells it and where can I buy it? That is why we have created this guide where we will explain why you should invest in gold, what are its advantages, how you could do it and what elements you should consider to avoid scams or losses of your money. To begin we will explain what the advantages of investing in gold are and how this precious metal could help you improve your personal finances. 1. In the long term, investing in gold is a great alternative: This graph you just saw shows how the behavior of gold has been throughout the last 30 years. What can be concluded from this graph? That in the long term, investing in gold becomes a great investment. This is considered one of the most precious and productive metals for more than 5,000 years, so its effectiveness in generating profits is more than proven. Although the price may have fluctuations in the short term, which causes its price to fall due to situations in the world economy, natural disasters or political tensions; in the long term, gold shows that it is a very attractive investment to achieve financial goals. 2. If you invest in gold, don't fear inflation: Did you know that the price of gold increases as or faster than the cost of living in some countries? Well, unlike other assets, gold metal provides financial protection and generates powerful support against inflationary effects. For this reason, investing in gold can increase the profitability of your investments even in times of recession. 3. Gold purchases and you do not pay VAT: Of the wide range of possibilities you have to invest your money, gold is one of the few investments that exempts you from paying Value Added Tax (VAT), as long as you buy it in bullion or physical. Because of this, not incurring tax costs, allows you to have an investment with greater stability for the future (as it allows you to invest in it), since you will be saving certain expenses that involve other investments. Additionally, it is not necessary to have large sums of money to start buying. You can get it from 1 gram of weight or in small coins as a start, but as you pick up the pace you can buy larger pieces and in greater quantity. As you will see, it is not an exclusive business of governments or large corporations. Any interested person can start investing in gold and succeed. 4. Gold translates into money wherever you go: Investing in gold gives you the advantage that you can exchange it for any currency, anywhere in the world, something extremely important because it generates liquidity wherever you are. It can be considered a super profitable resource worldwide that if you acquire it in a time of economic slack can get you out of trouble in times of real chaos. When it comes to investing your money, liquidity is a fundamental factor, since no matter how profitable your investment is, if you cannot convert your asset into money, it is of no use. Investing in gold gives you the necessary liquidity to convert it to cash quickly. 5. It is an investment with enough demand: Of course, the demand for gold increases every day. Recognizing its value, more and more people are willing to invest in it, so you can find hundreds of thousands of stakeholders with whom you can negotiate a good sale.
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