Unlike printed money and fiat currencies, gold’s value is not based on the trust of banks and governments. Gold’s ability to conduct electricity without tarnishing makes it ideal for computers, smartphones, and a range of technological applications, ensuring it will never lose its value.
Then there’s the cultural value of gold; gold is used in traditional wedding rings and jewelry around the world. Paper money, on the other hand, is essentially a promised monetary value printed on a small piece of poly-cotton fabric. With all these things in mind, the top three reasons to own physical gold include:
1. Gold will always retain its value.
2. Gold is a hedge against market uncertainties.
3. There will always be a global demand for gold.