Gold has historically been a stable investment, with periods of ups and downs but rising overall. 2023 being a year affected by high inflation and war, the outlook seems to be pointing in gold’s favor. If you are asking yourself, why should I invest in gold? There are many reasons. Gold is a hard asset that central banks and governments are not manipulating, and it seems it will continue to be an excellent choice in 2023.
Here are the top benefits of investing in gold in 2023:
Gold is a Good Hedge Against Inflation
Gold has been historically used for centuries as a hedge against inflation, and it is a good way to keep your purchasing power up. The value of gold is found in its scarcity. It’s the only commodity that has value without having to be stamped or tagged. Gold is not dependent on any political or economic factors, so it will continue to hold its value in 2023.
It Can Diversify Your Portfolio
Investing in gold is a good way to diversify your portfolio, and it gives you something that holds value, is rare, and can provide you with an income. If you own gold in 2023, it will always be valued and will always maintain your purchasing power, so you won’t have to worry about staying ahead of inflation. Diversifying into precious metals will give you that sense of security as well as the opportunity to make some extra money.
More Liquid Than Real Estate
Gold is more liquid than real estate; it doesn’t take as much time to convert gold into cash as opposed to real estate. Many people shy away from gold because they think it’s not liquid enough, but you can always sell your gold over the internet and get cash for it. Many people have their money in property and are unable to sell when they need cash, but if you have the gold, it doesn’t matter what the market is doing; you can always feel secure in knowing that you can sell your gold when the time comes.
Safe Investments
When you invest your money into gold, it is very hard to lose all your money. With something like a global market crash or a bank failure, the value of gold will hold its value and continue to appreciate. So the future does not worry you because you know for sure that you will always have something to fall back on.
The Ultimate Currency
Gold has served as money for thousands of years and will continue to be seen as money. Some economists have recently said that gold is no longer a currency but are an asset class like real estate. Gold will always be a valuable commodity in 2023. Probably it will continue to keep its purchasing power, and people will always see it as a form of currency.
Dependable
Since gold has served as currency for thousands of years, you can be assured that it will continue to be a dependable investment in 2023. It provides investors with a safe haven in the short and long term, regardless of what is going on in the economy or the world.
Reliable And Consistent
Gold is not a stock, bond, or any other investment product that might lose value. It is just as good today as it will be when we are all old and grey. As long as there are people on earth, gold will never lose its value.
Gold is a Tangible Asset
Gold is always going to be in demand. Physical possession of gold gives you a sense of security and safety that intangible investments like stocks or bonds cannot provide. Who knows where you will be in 2023, but you can have peace of mind knowing that you have something real, tangible, and useful to fall back on.
Easy To Store
With physical possession of gold, you can rest easy knowing what you own is safe. There are not too many things in life that are as easy to store as gold bullion, it doesn’t take up much space, and for insurance purposes, it is very secure. Your gold will always be safe, and you won’t have to worry about it being stolen like some pieces of art or other collectibles.
Hedge Against War
Gold has proven to be a great hedge against war because it is not something any nation can control or manipulate. Since gold goes up when inflation goes up, and war tends to cause inflation, you can rest assured that gold will continue to rise in price during times of war. With all the uncertainty in the world regarding wars and the possibility of nuclear attacks, it is good to know that something like gold will always hold its value.
Conclusion
If you are looking for a sensible investment to protect your cash from the inflationary spiral, you must start getting familiar with the market for gold. Gold has served as a viable investment for many years and will continue to do so in the future. If you are interested in gold, 2023 is shaping up to be a major year for this precious metal.
I hope this article was helpful and that you found it interesting. If you have any questions, we will be more than happy to answer them below.
All the best,
Pete