Cryptocurrency Q&A Should I own physical gold?

Should I own physical gold?

Daniela Daniela Sat Nov 16 2024 | 7 answers 2108
I'm considering whether it's a good idea to own physical gold. I want to understand the benefits and drawbacks of having gold as a part of my portfolio. Should I invest in physical gold or are there better options? Should I own physical gold?

7 answers

ShintoSanctuary ShintoSanctuary Mon Nov 18 2024
Gold has held a unique and esteemed position throughout human history.

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EnchantedSky EnchantedSky Mon Nov 18 2024
Its value has been recognized across cultures and eras, making it a highly sought-after commodity.

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ethan_thompson_psychologist ethan_thompson_psychologist Mon Nov 18 2024
In modern times, owning gold serves multiple purposes. It can act as a shield against inflation, preserving the purchasing power of one's wealth.

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EchoSolitude EchoSolitude Mon Nov 18 2024
Similarly, gold offers protection during deflationary periods, as its intrinsic value remains relatively stable.

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SapphireRider SapphireRider Sun Nov 17 2024
Investors often incorporate gold into their portfolios to diversify and mitigate risks associated with other assets.

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