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Top Reasons You Should Invest in Gold

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Gold is perhaps the most useful of all the minerals mined from the earth. Its usefulness comes from its many special properties. Gold is a good conductor of electricity, does not tarnish, is very easy to work, can be drawn into wire, can be beaten into thin sheets, can be mixed with many other metals, can be melted and can be molded into highly detailed shapes, plus it has a wonderful color and a brilliant luster.

Gold can be refined into a variety of by-products such as computer parts, electronics, jewelry, and dentistry. With the price of gold per gram at its lowest in a long time, it can be very profitable to extract gold from these scraps, refine them, and hold it as an investment until the price rises again.

Gold is at an all-time low per gram in the UK but its price is set to rise

If your business operates in an industry that uses gold and you have some scrap to refine, you could be sitting on a smaller pot of money.

Gold bullion offers unique advantages that cannot be found in most other investments. These gains empower you as an investor and are one of the reasons the price is likely to increase significantly.

Even if gold is no longer used as money, it serves as a long-term store of value – just as money does. And gold fulfills this promise better than any currency.

Gold can also be viewed as a long-term investment when prices skyrocket – and with the unpredictable financial situation around the world, this could happen at any time.

Even though the price of gold may fluctuate, its value is timeless. By their very nature, all paper currency loses value over time – gold instead will retain your purchasing power.

How investing in gold can create security

Gold is easy to sell, it is liquid and portable.

Gold ownership as an alternative to financial assets is often seen as some kind of security, a safe haven, which can be very useful in response to an impending collapse or downward movement of the economy.

Gold is also a mainstay and while other assets may depreciate during economic downturns, gold does not lose its luster or value for that matter.

It also works very well against inflation. When the cost of living increases, the cost of gold also increases. Because of this it becomes much more attractive to investors.

Gold is low maintenance and easy to store

As the price of gold in the UK has been falling steadily (in the UK and around the world) over the past year, this may not be the best time to sell. However, gold is easily liquidated when the need arises. Especially if compared to other assets such as properties.

You can check the current gold price per gram here. Now the price is much lower than before. This means that if you are in a position to buy scrap gold and refine it, now is the time to do so. The benefits will be worth it in the long run.

When it comes to investing, it is good to have a diversified portfolio and gold is still a solid investment considering the below figures.

  1. The 1970s were great for gold, but terrible for stocks.
  2. The 1980s and 1990s were wonderful for stocks, but terrible for gold.
  3. 2008 saw a huge drop in stocks as consumers turned to gold.

Make sure you choose an expert gold refining parter who can assess the value of your scrap gold and take care of the entire refining process, offering completely free no obligation sampling and assaying service does. They should be able to advise you about manufacturing processes that can produce valuable scrap precious metal.

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