Why Do Some People Think Investing in Gold is a Bad Idea?
A lot of investors are fed up with being taken for a ride due to the current economy and are looking for new avenues to invest their hard-earned money. While gold is a tried and tested investment option for a lot of people, others still haven’t made the transition due to false information about them. In this post, we discuss some reasons why people have the wrong perception about investing in gold.
Stock Market Gurus
As gold is at odds with other options such as stocks and more recently cryptocurrency, it’s no wonder that a lot of investment gurus are against putting money on it. They cite things like gold’s inability to bring the best return on investment compared to stocks. In reality, gold is not only a great store of value; its value has risen substantially over the years. This makes it a great option for investors who want to diversify their portfolios.
Myth: Gold is Only Used for Jewelry
There is a misconception that gold only has demand on the back of jewelry consumption in places like China and India. However, that’s simply not true. The metal has a wide variety of industrial applications and is also bought by central banks that are trying to diversify away from the volatile dollar.
Myth: It’s Hard to Trade Gold
Another misconception is that gold is hard to trade. While it is certainly not as liquid as stocks, trading gold is much simpler than most people think. A reputable precious metals exchange has simple processes that make it very easy to buy and sell the metal. Exchanges like Orion Metals Exchange also have a free buyback policy which lowers the cost of liquidating.
We Are a Reliable Gold and Silver Investment Company
On the lookout for a reliable precious metals exchange? As one of the leading gold and silver investment companies in America, Orion Metal Exchange has been at the forefront of debunking myths related to precious metals exchange investments.
Reach out to us to learn more. Get your free investment kit here.