Gold is an inherently scarce commodity. In fact, the world’s supply is believed to originate in a meteor shower that took place billions of years ago.
As an “extraterrestrial element,” Gold is not readily cultivated. Reserves are found deep within the Earth’s crust and require vast resources to bring to market.
For centuries, there have been many means of storing wealth, with Gold being one of them. It is commonly used as a hedge against inflation and a reliable wealth storage medium. Gold offers a good investment opportunity that is often less focused on short-term profits, making it one of the top long-term investment options. The stability of the precious metal’s prices over time makes it an important asset during times of rising uncertainties like that we’re seeing today.
Gold investors seek higher profits in other more profitable markets such as forex. No matter the economic cycle, Gold has never been worthless! Gold prices have always been north of zero – that’s a fact!
Forex trading is the speculation on currency prices for potential profits. A forex trader can profit from up and down price movements in both the short and long term. Investors engaging in physical gold investment may not reap the benefit in a short period time. The Forex market is the most accessible financial market where trading is available 24 hours a day, five days a week. Also, the OTC trading feature allows FX trading to be accessible anywhere. Thus, an investor can rather invest in Stocks or Forex to get the benefits of the money stored in the form of Gold.
Few advantages of trading in Forex when compared to Physical Gold Investment are stated below-