Gold is one of the most popular commodities among all the precious metals due to its exceptional industry application and specific value storage properties. It’s stable even during times of economic uncertainty. Regardless of economic or political situations, gold market offers high liquidity and good opportunities to profit.
Protection from inflation
Even during inflation, gold can stay stable or even grow in price. That is why anyone who worries about inflation considers to buy gold or keep his/her income in gold.
Unlike currencies or stocks, gold can’t be essentially devalued. Gold is a good prospect to add some stability to your investment portfolio. It is immune to geopolitical crises and can resist swings in currency values.
The demand for gold outpaces availability. And substantial price spikes don’t make a significant impact on it. That’s why gold can be quite volatile but in the short term.