Summary
TLDR: Gold is often seen as a safe investment option for those looking to avoid market volatility. It is easier to buy compared to other assets such as art or real estate. Even a small amount of gold can be valuable, and ETFs make it even more accessible by storing it digitally.
Key Points
1. Gold is considered a safe haven for investors looking to protect their investments from the volatility of financial markets. It is a popular choice due to its stability and ability to retain value over time.
2. Compared to other non-correlated assets like art, collectibles, real estate, and music royalties, gold is relatively easier to purchase. With just a single ounce of gold worth around $2,000, even a small amount can be used to store one’s savings.
3. Exchange-traded funds (ETFs) that hold gold offer a convenient way to invest in the precious metal. These funds require minimal physical space as they are represented by digital data stored in brokerage computers, making them easily accessible to investors.