A question by Kareen: Can gold be easily converted to dólar??
Answers
Provide a response using the comment section. After review we will update the answers.
“Gold has always been a very desired piece of metal ever since its discovery thousands of years ago. So, I think it is safe to assume that it will stay that way for many years to come. If you have some money you want to play safe with, you should look into the idea of gold investment. Here are a few reason why I personally like it.”
David
“History has shown us that the value of gold doesn’t decrease every year or so unlike the paper money our society is so fond of. It is not affected by inflation or deflation in any negative way. So, if the market were to crash like it did during the great depression, a gold investment would not disappoint you.”
“It has a limited supply. Gold is not hand-made. So, no one can really build more as they please no matter what. That causes it to be a rare item. And we all know that an object with rarity combines with high desirability will cause it to be very demanding. Which means, as a last option, you’ll always have bidders to sell your piece of gold to for a decent price.”
Gold is acceptable as worldwide as a form of currency. Due to the fact that it is a very expensive and precious metal, any place would be happy to receive the right amount as a form of payment without arguing. So, in a way, it is a better asset than cash.
Leave a Reply