From the ancient time to the modern world gold has been considered as the best asset because in the olden days gold was used as currency and in the new and modern world Gold is considered as the Asset that can save the wealth for the future.
Most of the modern traders and the investors would buy gold at any cost to hedge against inflation. The stocks in the share market have high volatility which means the price of the stocks can go up or down anytime within a fraction of seconds. The creation and vanishing of wealth can happen instantly. That’s why gold is preferred for the long term investment because the price of the gold does not change in fractions of seconds.
The money printed in any country is based on how much gold the country has. suppose if you pose with a 10 Indian coin which indicates that you have a gold worth of 10 Indian rupees coin that’s how the economy of a country is calculated for certain reason.
Gold is often invested in the form of diversification because whenever the price of stocks is the market collapses at any time the gold acts as a hedge against the market.
Not only in today’s world gold is often considered as a highly valued metal on earth. There are other metals that can be more valuable than gold such as the diamond and Platinum but gold is everyone’s favourite because of its value and the demand in the market.
Today the market of gold is huge not only in India but all around the world. The buying and selling of gold is happening each and every second as the economy of a country grows and the contribution of gold in the economy of your country is huge.
One cannot simply consider gold just as an investment because gold is not only a metal which can be invested but also converted into Beautiful jewelleries that have more value than the gold bar.