The most stable currency the world has ever seen.
Being rare, beautiful and unique, gold is treasured as a store of value for thousands of years, and it is considered as an important and secure asset. Paper currencies may come and go, but gold endures.
Despite fluctuating in price, gold is still preferred to currency because it of its real value or what is knon as intrinsic value.
In general, while most currencies and industrial commodities have general declined, gold has continued to maintain its log term value.
Gold can be bought and sold anywhere in the world at anytime. At this moment, gold is still one of the most liquid assets in the world. It can readily bought or sold 24 hours a day or more markets around the world.
Gold is completely free of credit risk and has always been secure refuge in unsettled times. Its ‘Safe haven’ attributes atract wise investors.
The movement of the gold price is slower and more stable compared to others investment instruments, thus allowing it to act as a cushion againth volatility in the equity market.
Gold is the “asset of last resort”. Throughout history, nasional currencies has come and gone gut gold’s value has remained remarkably stable.
Gold have had value in all civilizations, have survived all financial crises, and can be expected to do the same in the future.
2 comments:
I have always noticed that gold is less likly to decline sharply unlike silver.
Interesting facts about gold.
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