Is Gold Worth Investing In?
Gold is widely regarded as a safe-haven asset globally, with countries holding it in reserves during times of financial turmoil. Despite this, some myths persist, such as gold having no intrinsic value, yield, or economic benefits. These notions are often promoted to encourage investments in riskier sectors.
Our research suggests that physical gold investment is a safer bet,. especially considering digital gold has higher tax slabs. Gold possesses all the necessary physical characteristics – scarcity, malleability, inertness, durability, and uniformity – to serve as a reliable store of value.
It’s important to note that gold is not an investment, but rather an asset that you own outright. China, for instance, holds the largest gold reserves, but keeps them hidden due to political considerations.
Interestingly, gold prices often move in the opposite direction of the stock market – when the market is low, gold yields, and when the market is down, gold prices rise.”