As part of a balanced portfolio, its recommended that 10% of your assets should be placed in gold...... While im all for diversification and not putting all your eggs in one basket, i say 10% should be the minimum and not the target. On top of gold, ill include all precious metals in that 10%.
Few investment opportunities have the beauty and timeless appeal of this shiny yellow metal. Golds periodic symbol, Au, is taken from the name ‘Aurora’, the Roman goddess of the shining dawn.
SOURCE
Since its discovery more than 5,000 years ago, civilisations have traded and treasured this most precious of metals. Gold is eternal, and its crazy to think that gold discovered way back when is still exactly the same now as it was then. Its inert makeup is one of the many reasons why it is so highly prized and valued. From the tombs of the ancient pharaohs to the mythical city of El Dorado(city of gold), gold has threaded its way through our collective history and culture.
Growing up I remember clearly watching, and loving, the "Mysterious cities of gold"..... I guess without knowing it subliminally got me hooked on the shiny yellow metal sll the way back then:
Gold is somewhat unique in the fact that not only is it considered an investment as a store of value, but is also worn as a fashion statement in the form of jewellery. Its dual nature as an investment and a consumer good, means that gold has the potential to perform during times of hype and recession.
[SOURCE](World Gold Council, LBMA, Trading Economics & Acadata)
Because of its heritage and pedigree is easy to buy and sell gold the world over. Gold has a track record for returns over the long term, and is valued by investors all over the world as a way of balancing risk against other investments such as stocks and shares. With a range of gold investment options now available, it has never been easier to get into gold.
Thank you for taking the time to read the ramblings of a crazy person. Take what you will with the advice i dispense, take it with a pintch of salt and REMEBER; The long term benefits of wearing sunscreen have been proven by scientists, the rest of my advice has no bases more reliable than my own meandering experience.
40+yr old, trying to shift a few pounds and sharing his efforsts on the blockchain. Come find me on STRAVA or #actifit, and we can keep each other motivated .
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Gold has an important place in the jewelry culture of our country, but we are heading towards a cultural change due to the recent rises.
It doesnt matter if its jewelry, bars, coins or nuggets.... its the ownjng of gold thats important. It looks to me like you live in Turkey?? Countries suck as yours, India and other Asian countries have understood the value of gold for far longer than the west. Having your gold in wearable form meant you could keep it safe by havi g itnon you atnall times.
Yes, I'm from Turkey. India is a leading country in this regard, although we are not as much as them, we have a serious curiosity and interest in jewelry.
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