Many people are wondering if now is the time to buy gold. In fact, if you look at precious metal investing forums many folks are asking the same question: “why buy gold”?
Where does this confusion stem from? It comes from the fact that different investors have different philosophies. For example, this site states that now is one of the best times in history to buy gold: http://wholesalegoldgroup.com/why-buy-gold-now.
But if you look around the internet you’ll find that many others claim that you should hold off and perhaps invest in other things, such as stocks, bonds, ETFs and commodities.
If you’re still asking “why buy gold” then consider these advantages of gold:
- Stable and secure
- Retains value over time
- Has been valuable for thousands of years
- Finite, unlike paper currencies and coins
- Has intrinstic value in certain industries, such as jewelry.
The question “why buy gold” doesn’t have a single answer; it has 5!
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