As 2017 begins most business oriented people are likely to consider the various options available for investment. Precious metals and gold in particular are among the investment options for anyone seeking to achieve financial independence or enhance their status with regards to wealth. As a business person one of the most fundamental questions to ask yourself moving forward is investing in gold a good idea in 2017? Looking at some of the benefits of investing in gold can be all it takes for you to determine if this venture is ideal.
The benefits of gold
Offers simplicity – gold is one of the most ancient forms of currency. It has endured a lot of challenges throughout the history of mankind and still remains one of the most reliable forms of wealth. Gold is basically indestructible and cannot be manufactured which is why it offers you a secure option when it comes to investment. It is one of the best alternatives to complex investment products in the market today.
Value advantages – the amount of money you will use to buy gold in 2017 is not necessarily written in stone. Good investors often wait until the prices are low before purchasing. Once you have made a purchase you can hold on to your gold and wait for the prices to rise again before considering if it may be a good idea to sell. The amount you invest is inevitably going to multiply over time.
Low volatility – gold production or supply cannot be increased simply because there is an increase in demand. The supply of gold around the world is finite which is why it is difficult to change the rate at which production is done. This supply and demand dynamic ensures that prices naturally go higher and this translates to good returns on your investment.
Predictable liquidity – any business person knows the importance of having a predictable investment and this is one of the reasons why most favor gold. Gold is itself universally acceptable as a reliable form of exchange. This means you can trade in gold regardless of the region you hail from. You can trade in gold on a 24 hour basis since there is always someone online trying to purchase or sell the precious commodity. Gold prices are provided on an ongoing basis.
Offers stability – due to various reasons in the market prices of commodities tend to fluctuate from one extreme to another. If for example oil production is compromised due to technical glitches or political issues, the prices tend to go up because of lower supply. In contrast gold does not really fluctuate despite the prevailing market conditions. Even if other commodities drop in prices gold will remain stable.
Trusted by a majority – a lot of people are weary of market crisis which is an occurrence that has been witnessed in several economies throughout the world. Certain crises have the ability to devalue money and this ultimately leads to great losses. Gold on the other hand is known to weather any market crises without really being affected. This is why many investors agree it is more reliable than other forms of money.
Gold is apolitical – it is common to find that the value of certain currencies drop during political turmoil. This may be brought about by war or unstable economy that may result from heightened political temperatures. Gold does not conform to such standards meaning anyone that invests in it does not have to worry about the political atmosphere.
The trends are friendly – anyone that carefully observes the trends of gold investment for the past five years can easily understand why the trends are friendly. More people are coming to the realization that gold has more advantages than traditional investment options. This makes the precious commodity one of the most sought after. Positioning yourself in 2017 with regards to gold investment is therefore quite prudent.
These are just some of the reasons why most financial advises are optimistic about investment in gold and other precious metals. Individuals can start an investment by setting aside a small amount of money and gradually increasing it as they learn the intricacies of gold investments. So is investing in gold a good idea in 2017? The answer is in the affirmative.