One of the best investments you could make in 2018 is purchasing gold bullions. This investment may not seem like the most modern or exciting area to focus on, but it’s one of the most versatile and robust markets out there.
This investment is often used to mitigate the risk of online investing in the long-run because the price of gold doesn’t react that much to the changes in the market or the government actions.
Private and confidential
Investing in gold can be done privately and confidentially. This may seem like an obvious feature and something that you don’t have to think about, but it’s now becoming a commodity that many are willing to pay for. There are few transactions that can provide these features on the modern market.
Regardless of how big your investments are, you can buy gold anonymously in certain cases, and probably there are no institutions that you may need to apply with in order to be able to work in this market. This can be especially important for those who want to use gold as a savings tool and not as an investment that should yield returns right away.
It’s important to note that you need to report your savings in gold to the IRS since it’s taxed like any other investment or saving method. This data remains confidential, however.
Portability
One of the things everyone looks for in their investments is portability and liquidity. That means that you want an investment that you can easily sell and turn into profit. Gold bullion provides this option because it can be bought and sold quickly and everywhere.
The process is also relatively quick especially compared to buying and selling stocks online. It usually takes three days to complete the transaction and to transfer the money to your account. All other purchases take much longer to be completed, some, like property, could even take years to be sold.
Also, now, when the economy is almost completely global and when almost all businesses have contacts with foreign players – gold could become an even more important commodity. It’s used in every country in the world, which can’t be said for that many currencies.
The use in technology and jewelry
It’s usually said that gold is used as a savings method. This means that you don’t purchase gold in order to sell it right away and earn the interest. Most buyers use it in that fashion, but there’s no reason for it not to be used and sold like any other commodity.
A lot of technology companies have an immediate need for gold and that means that you can make money out of your investment right away by working with the tech companies directly. The price fluctuates like with any other resource, but the demand rarely goes down.
Gold is also used in the jewelry business and the rules here are similar to those in the tech world. You’ll deal with the jewelry companies directly. The amounts that are sold are usually smaller but the price can sometimes be higher. The demand for gold is also almost constant, but it takes time to build relationships and find customers in this industry.
Risk mitigation
Every trade comes with some sort of risk. That’s the only way to make money in trading, by hoping that the purchase you make will pay off in the long run. However, this doesn’t mean that you need to go into risky transactions. In fact, your job must be to avoid and mitigate these risks wherever you can.
Gold is a good way of doing this because, when it’s bought in large quantities, it can be used as a hedge that will mitigate the risks of your other investments. This is because the price of gold can change but its value is pretty much constant. The prices themselves change rarely and slowly.
This doesn’t mean that you can’t lose with buying gold – like with any other market there are shifts and changes to look out for and worry about.
There are a lot of reasons to invest in gold in 2018, but the most important one remains that it’s lucrative. It’s also one of the safest investments out there with a lot of potential for growth.
