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Tuesday, June 15, 2021

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Ultimate safe heaven asset Gold & Why you should invest some portion of your money in It.

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Safe heaven assets are those assets that will rise in value in case of crisis and financial ups and downs. Best example will be covid when covid started growing rapidly so did the value of such safe heaven assets .Gold is the best example of safe heaven asset and here’s some facts and reasons why you should invest some portion of your money in it.

1.In crisis times while others will struggle you won’t if you have some amount of money invested in gold.

2.The more the crisis the higher the prices rises. There’s an relation between financial ups and downs and safe heaven assets like gold

3.Gold peaked at 2075$ when covid also was at peak stage.

4.Australian government gold holdings amount to 80 tonnes, with the full value of these holdings recorded as an asset on the RBA’s balance sheet. The RBA’s position in gold has not changed since 1997.This is why Australian country is safe during financial crisis. Our government can do the same but even the financial minister acts like illiterate, But we can prevent ourselves from financial crisis situation by having some amount of wealth in the form of gold.

5.Wars,natural disaster, viruses, etc. are regularly occurring from to time. Another crisis like covid is imminent to occur. So better safe than sorry.

6.Is treated as store of value and has been maintaining its value since thousand and thousands of years.

7.Limited availability is the reason its valued so much since ancient times it cant be produced artificially the minerals/gold are natural resources that can only be modified when we find them in nature which is very very rare etc.

8.The holdings can be lent for Passive growth of wealth.

I can go on and on and still won’t be enough I wished our country backed minimum of 10% of our total reserve in gold that can be lent to earn passive income since we are developing country so we need to be prepared for the worst crisis like covid in future and also gain passive financial earnings.
I’ve backed my money in gold from time to time instead of keeping in banks just for financial crisis times. I have decent money but its enough for me and my family but the government has a lot of money and it can generate a lot of wealth for the country.

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