5 Reasons To Own Gold

Regardless of where you go in the world, gold will always be a coveted form of currency.  While there is no real gold rush anymore like that of the 1800’s, there are still people that want to invest in gold, but you just don’t have to leave your house to do it now.

First check out the reasons for why you would want to invest in gold, and then check out 8 stocks and ETFs that will help you invest in gold.

1. History is on your side.

Think about all the major currencies in the world today. All of them fluctuate up and down, but none of them are as static or been around as long as gold. Investors see gold as a way to keep wealth moving through different generations.

2. Play The Dollar

Although the US Dollar is one of the world’s most important reserve currency, it is exactly that, a paper currency. The value goes up and down, and when it goes down people often flock to the dollar driving up the price of gold.

3. Supply

Gold is not the easiest commodity to find and extract. Just like anything, a limited supply will always drive the price up.

4. Increasing Demand

As more and more people start entering the world of investing, the need for diversity instantly increases the demand for gold. According to reason 3, if supply is limited and demand goes higher, simple economics tells us the price should soar.

5. Diversification

As much as people like gold, the reality is that, short-term, gold finds its trend and has yet been able to crack the $1,000 mark. By having a good allocation of both gold and other stocks, you will assure your self a good chance of making good returns.

Convinced you need gold? Well check out 5 reasons gold is a bad idea.