Investing in gold is beneficial because it provides support in times of political or economic uncertainty, it helps both in the short and long term as a tool against inflation and devaluation, it is not corrosive and it is accepted around the world goldco review.
To make a profit, it is recommended to buy when the value goes down and sell when it goes up.
This metal can be obtained in six different ways:
- Physical (jewelry, coins and/or ingots)
- Deposit certificates
- Gold forwards
- Mining company shares
- investment funds
- Exchange-traded funds.
The annual demand for gold is distributed as follows:
- 60% comes from the jewelry industry
- 20% of investment bars and coins
- 10% of technology
- 10% from the World Bank Center.
Another aspect that must be considered is the additional cost of maintenance, shipping, storage and security that arises when buying a physical store, and when it is done through a certificate, you only get a document that the person owns a specific amount.
Despite being a very malleable metal, it is difficult for us to find a large amount of it naturally, even so it has happened on some occasions. The largest piece of gold in the world that has been found to this day was in the year 1862 in Australia.
The curious thing about this finding is that it was not inside a mine, but in a place near a tree. Due to its large size, the miners were able to remove it without major extraction processes, they had to break it into 3 parts due to its large size, since it weighed around 71 kilos.