Hi,
Gold has long been regarded as an emblem of richness and superiority. However, paradoxically, gold has turned out to be one of the most misinterpreted forms of investment. Owing to myths and misconceptions, people have still continued to be apprehensive about making an investment in gold, when in fact the decision could prove to be the astute choice.
Let’s debunk some of the biggest myths about gold investment once and for all.
Myth #1: Gold is Only For The Rich
That is one of the biggest myths. People believe that in order to make a start in gold purchases, they would need tens of thousands of dollars. The truth is, there are different forms in which gold comes. There are 1-gram, 2.5-gram, and fractional-ounce pieces. People can even make a start in gold investments with a few hundred dollars.
Buying gold isn’t about being wealthy. Buying gold is about being prepared.
Myth #2: Gold Is Old-Fashioned and Outdated
Some people think that gold “is a thing of the past.” In the world where cryptocurrencies and other digital currencies exist, it’s only logical that gold could seem “old-fashioned. ” And that’s precisely why gold works. Gold isn’t some passing “fad”-it simply works and has, through wars, depressions, and the collapse of currencies, proven itself.
In fact, some modern industries, such as electronics, medical technology, and renewable energy sources, still use gold extensively. Gold is far more relevant in today’s world.
Myth #3: Gold Doesn’t Make Money
The other belief about gold that has become commonplace is the fact that it simply “sits there” and doesn’t offer returns. The fact that it doesn’t offer dividends like the stock market, however, isn’t its purpose. The truth of the matter is that gold has always preserved purchasing power, particularly in the face of inflation.
Gold isn’t an alternative to conventional investment; on the contrary, its purpose is to protect your investment.
Myth #4: Buying and Selling Gold Is Difficult.
Some individuals believe that the process involved in purchasing and selling gold can be complicated and even risky. The thing about this, however, is that it has become easier than ever. This has become possible because reputable dealers, like those at Au Bullion, are making the process clear, safe, and easy.
And when the time comes to sell, there is always a strong worldwide market waiting to buy it.
Myth #5: Digital Gold Is Better Than Physical Gold
Today, with the help of online trading platforms, people think digital gold is safer. However, digital gold only exists on the screen and in the hands of third parties and financial systems. In contrast, gold can be touched and inherited.
When you hold possession of gold, you hold possession of power.
At AU Bullion, we encounter individuals on a daily basis who have, at one time, held a belief in one or more of the myths listed. Once the truth Is learned, they come to realize that gold isn’t mysterious, old-fashioned, and the domain of high-net-worth individuals. In some cases, the worst risk isn’t in the gold, it’s in the myths keeping you out.
