Reasons to own precious metals





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Gold is respected throughout the world for its value and rich history, which has been interwoven into cultures for thousands of years. Coins containing gold appeared around 800 B.C., and the first pure gold coins were struck during the reign of King Croesus of Lydia about 300 years later. Throughout the centuries, people have continued to hold gold for various reasons.

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Below are 8 reasons to own gold today:
  • History of Holding its value
  • Weakness of the U.S. Dollar
  • Inflation
  • Deflation
  • Geopolitical Uncertainty
  • Supply Constraints
  • Increasing Demand
  • Portfolio Diversification

 

The Bottom Line

Gold should be an important part of a diversified portfolio because its price increases in response to events that cause the value of paper value, such as stocks and bonds, to decline. Although the price of gold can be volatile in the short term, it has always maintained its value over the long term. Through the years, it has served as a hedge against inflation and the erosion of major currencies, and thus is a choice well worth considering.

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