Gold is probably the most useful of all the minerals mined from the earth. Its usefulness comes from its many special properties. Gold conducts electricity, does not tarnish, is very easy to work with, can be drawn into wire, hammered into thin sheets, mixed with many other metals, can be melted down, can be shaped and molded into extremely detailed shapes, plus it’s a wonderful color and sparkling shine.
Gold can be refined from a variety of byproducts, such as computer parts, electronics, jewelry, and dental care. With the price of a gram of gold being the lowest in a long time, it can be very profitable to extract gold from this waste, refine it and keep it as a gold investment until the price rises again.
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Gold is at a low price, but its price is expected to rise
If your business operates in an industry that uses gold and has scrap metal to refine, you may be sitting on a small pot of silver.
Gold bullion offers several advantages that cannot be found in most other investments. These advantages give you strength as an investor and one of the reasons is that the price is going to increase significantly.
Although gold is no longer used as money, it serves as a long-term store of value, much like silver. And gold fulfills this promise better than any currency.
Gold can also be seen as a long-term investment, with the potential to generate massive profits when prices soar, and with the world’s unpredictable financial situation, which can happen at any time.
Although the price of gold fluctuates, its value is timeless. By their very nature, all paper currencies lose value over time: gold will retain its purchasing power.
How investing in gold can create security
Selling gold is easy, liquid, and portable.
As an alternative to financial assets, gold ownership is often viewed as a kind of security, a safe haven, that can be of great use in response to an impending collapse or downward spiral in the economy.
Gold is also a mainstay and while other assets can depreciate during economic downturns, gold does not lose its shine or value.
It also works very well against inflation. When the cost of living goes up, so does the price of gold. Due to this, it becomes more attractive to investors.
Gold is low maintenance and easy to store.
Given that the price of gold in the USA has been falling steadily over the last year (in the USA and around the world), now may not be the best time to sell. However, gold is easily liquidated in times of need. Especially when compared to other properties like properties.
You can check the current gold price per gram here. The price is now much lower than before. This means that if you have been able to buy scrap gold and restore it, now is the time to do so. The long-term benefits are worth it.
When it comes to investments
It is good to have a diversified portfolio, and looking at the figures below, gold is still a solid investment.
1. The 1970s were good for gold but terrible for stocks.
2. The 1980s and 1990s were great for stocks, but terrible for gold.
3. Stocks took a dramatic plunge in 2008 and 2020 as consumers turned to gold.
Be sure to choose an expert gold refining partner who can assess the value of your scrap gold and take care of the entire refining process, offering a completely free, liability-free sampling and analysis service. They should also be able to advise you on their manufacturing processes which can produce valuable scrap.