Since the dawn of civilisation man has lusted after gold and the wealth that it brings. Gold has been the foundation of many a war and empires have fallen as ownership has exchanged hands. Even in modern day there is a strong desire to own gold and many see gold bullion investment as a solid financial move. So what is it that makes gold so attractive and does investing in gold bullion make sound financial sense?
Gold Properties
The first reason that gold is so valuable is that it is very rare. A 150 foot cube would be large enough to fit in all the gold that has ever been mined throughout the world. Gold is also impervious to the elements meaning that it does not rust, corrode or degrade. This means that gold will retain its shape for thousands of years – unless it is worn away by coming into contact with another object. Due to the fact that the metal is extremely soft it is relatively easy to mould it into many different and intricate shapes.
Strength of Investment
One huge plus for anyone considering gold bullion investment is that the metal holds its value very well. Although there will always be slight raises and dips in value; over time it stays strong and has enjoyed record highs in recent years. As there is less and less gold to be found, mining costs are ever increasing. Once mining costs outweigh the value of the gold being found mining will cease. Anyone that has gone down the route of gold bullion investment will then benefit greatly as the price of gold suddenly increases.
Getting Involved
There are several ways of investing your money in gold, from buying mining stocks to gold certificates that denote ownership of a quantity of gold. A favoured route into gold investment is the purchase of gold coins, which can be obtained from the mint of various countries, including the UK and US. gold coins provide the opportunity of low level investment as well as being easy to store and transport.
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