It is true that we live in quite uncertain times due to the issues that the Australian government and indeed the rest of the world are having with America and its trade tariffs. This economic uncertainty is causing people not only in Australia but all across the globe to get a little nervous and they want to be able to invest their hard earned cash into something that is a little bit more certain. This reason and many others is why people are now looking to invest in precious metals and specifically gold and silver.
There is absolutely no doubt that the prices of gold and silver have risen significantly over the years while inflation continues to go up, jobs continue to be lost and savings rates from banks and building societies are coming down. If you would like a new avenue for your investment portfolio, it makes sense to start looking into ABC bullion gold as soon as possible in order to be able to take advantage of this very lucrative market.
If you have never really thought about investing in gold and silver before, the following are some of the reasons why it might be the smartest financial move that you make this year.
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They hold their value - Over the years, gold and silver has held its value while many other assets fall by the wayside. After real estate property, it is the asset that most people trade in and it is an excellent way to give your wealth to your children or other family members. When currencies including the Australian dollar seem to be leading us down, we can always turn to silver and gold to provide us with value in difficult times.
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It helps protect against inflation - In these uncertain times, we never know when our government and banks will start carrying out different monetary policies. They have already dropped interest rates and they will continue to do so and this allows inflation to affect the power of the Australian dollar which is a concern for everyone. This is why it makes sense to invest in gold and silver because your capital is preserved.
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It allows you to diversify - There is an expression here in Australia that ‘you shouldn’t put all of your eggs into one basket’ and this is sound financial advice. Diversification is the name of the game when it comes to investing in your financial future and investing in gold and silver helps to reduce your overall risk when it comes to your financial portfolio. History tells us that if stocks, shares and other finances are going in a downwards trajectory, gold and silver goes in the opposite direction.
The other selling point is that your gold and silver is always available to you to sell immediately unlike having a property that is going to take time to sell or maybe you might not even sell at all. You can now buy and sell gold funds online.
