Gold has been a popular investment vehicle for a long time, and it is often considered an excellent hedge against investment. However, with the global pandemic, there has been a massive increase in people wanting to invest in all gold types.

Below are some reasons that gold has become so popular, which may make you consider diversifying your portfolio and investing in gold.
Gold Usually Retains Its Value
When you compare gold with other forms of currency, it has traditionally held its value and increased over time. Of course, there are blips in the market when you see the price of gold drops, which last happened in 2012. However, the price has always bounced back and even increased in value, making it an excellent investment vehicle for many investors. If you look at the current live prices of gold, dealers in many parts of the world, especially in Australia, are currently offering over AU $2,350, per ounce, and the price is steadily increasing.
The Weakness Of The US Dollar
Many people are turning away from traditional investments in currency, such as the US dollar which is currently weak and replacing these with gold and other precious metals. With the uncertainty of what is going on in the world due to the global pandemic and international politics, investors see precious metals as being a much safer option than the greenback.
A Protection Against Inflation
Something that we see around the world is inflation increasing, which affects everything from your home’s value to the cost of your weekly food shop. Gold has always been a safeguard against inflation, and investors who see their local currency deflating in value turn to gold to protect their wealth. Gold is considered a long-term investment, so it is something that people will usually purchase and store for a few years before they think about liquifying their assets and cashing in on the value of their gold. With so much uncertainty in the world, people are turning to gold as an investment that can help protect their wealth if there is a significant political situation or when the stock market crashes.
Is Gold The Right Investment For You?

You may be considering to buy gold coins Brisbane and other locations outside Australia have and wondering whether it is a suitable investment for you. It will depend on what type of gold investment you are looking at, and if you are thinking of investing in gold bullion or coins, you will have to consider where you will store your investment. You can use a safety deposit box or keep your gold with your supplier, but there will be an ongoing cost for this service. You can also invest in gold coins and jewellery you can keep in your home, but you will need somewhere secure to store these.
If you have the available funds and wish to invest in gold, consider your options carefully, and you can get more information on the different ways you can invest. Gold can be an excellent investment that can show you brilliant returns. Make sure you take your time, and not rush into making a decision.
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