Individuals buy gold to hedge against inflation and to have a safe haven in an uncertain environment or to diversify one's portfolio.
On The Breakfast Huddle with Elliott Danker & Manisha Tank, Walter Wee, Chief Investment Officer at KINGS Group shares how gold offers you a way to invest and grow your wealth.There is a healthy number of institutional and corporate gold investors but there is a surprisingly small number of retail investors, people like you and me who are in the middle-income group.
Gold is highly liquid and also globally recognised. You could pawn or sell your gold for cash. Gold is also recognised in the same value across borders.Gold is not efficient. Its value is dependent on how people see it because gold by itself, is not as usable or utilised as silver or cash.Gold prices tend to rise in a crisis. I would advise people who intend to save in gold to diversify their portfolio.
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