Gold is a precious metal also known as atomic number 79 with the symbol Au. It's a dense, soft, malleable and ductile metal with a bright yellow color and luster. Gold is very expensive and does not tarnish when exposed to air or water.
A gold chess set is can be a great investment for a any gold investor. Why might you invest in gold?
1.) Gold is a stable asset.
Gold would have not been used as money for hundreds of years if it weren’t for its stable value. Say you have a ten-dollar “bill” in one hand and a ten-dollar “gold” coin in your other hand. Which of these two has more value? The gold coin has more value, of course. Sure they were of equal value six decades ago. However, due to inflation, the ten-dollar bill has dropped in less than a buck in buying power while the ten-dollar gold coin has tremendously grown due to an increase in the value of gold.
2.) Gold is a highly-valued metal by many countries.
Gold, being one of the most important metals in history, is prized by nearly all nations of the world. Most countries, if not all, continue to trade in gold, making it one of the most liquid financial assets in any investment portfolio. Because of its universal value, investors will not have a hard time using gold in their transactions.
3.) Gold is considered a “safe haven” when the economy is underwater.
Interest rates are kept low and people get virtually nothing for their money in bank accounts. Gold price increases when currencies weaken.
4.) The demand for gold is expected to surge in emerging-market countries.
The world’s love for gold shows no sign of weakening. Around 2,000 to 3,000 tons of gold are mined every year to meet the world’s demand. A lot of developing countries, especially China, Brazil, India, and Russia are having an increased appetite for gold jewelries, watches, and other gold-based products. This growing interest in gold can be a very good advantage to those investors who want to make big profits from this demand.
Other then the beauty of gold these are just some of the reasons why this glittering yellow metal is so valuable and why a gold chess set is a great investment.
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