Gold isn’t just your grandfather’s investment these days. Since the early 2000s, there has been a marked surge in the gold trade. In fact, the amount of funds wrapped up in gold has increased by almost 15% year by year since 2001. But why has gold become such a go-to commodity in people’s investment portfolios in today’s world? The answer surely lies in the details as is the case with any solid investment.
A Liquid State of Mind
Unlike traditional investments such as stocks and bonds, gold remains as close to liquid as you’re going to find. So why is that? Not only is gold highly coveted in the form of rings, necklaces and other forms of jewellery, it also happens to be an extraordinarily useful metal alloy. Gold is extremely electrically conductive, which makes it a highly sought after component in today’s extraordinarily high tech world. Every day, there is a hot new mobile phone, tablet, computer or game console hitting the market. With the constant churn and burn created by tech sector methods such as “structured obsolescence”, gold has become one of the strongest and safest investments.
To Infinity and Beyond
We live in increasingly exciting times. It’s 2020 and the space race is back on in a way we have never seen before. With the bold move towards private sector space exploration, companies such as Space X are churning out rockets and launching massive payloads including such goods as satellites almost monthly. So, what does this mean for the gold investor? Well, you’re in luck. Gold is of extraordinary necessity in the business of outer space. Not only is it used in pretty much every computer both at mission control and on the spacecraft itself, but is also used to reflect electromagnetic radiation such as infrared, visible light and radio waves. Were it not for gold, we would never have reached the moon
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Fashion Makes Perfect
Gold has been an integral piece of human history in a number of ways, but few have been so prominent as fashion. Humans have been digging up and refining gold for as long as we have been writing things down. The Egyptians were dripping in gold as a sign of affluence and sophistication. The Thais adorn their mythological figures in gold head to toe as a sign of power and opulence. This remains an absolute in human culture through today. There is no better time to check City Gold Bullion’s gold bullion price than now.
Gold Will Always Be Gold
Gold really never goes out of style, it’s just a matter of evolving designs and colours as popularity shifts from one to the other and back again, decade by decade. If people were going to stop buying gold to wear around their neck, wrist, finger or otherwise, we probably would have seen that by now. Regardless, barring the absolute end of the world as we know it, gold will always be a necessary and unavoidable component in the technical and mechanical sectors. It’s hard to find something more stable than gold, as much on a molecular level as it is in the world of investment.
