FOR THOSE PEOPLE WHO ARE INTERESTED IN THE TOPIC OF FINANCIAL SECURITY and decide to exchange part of the paper money for gold and precious metals, we present important information / possibilities:
Three golden rules for investing in precious metals:
1) Think a step forward in a way that one day we can sell
2) Have a certificate (gold in certiliners), it is safe for later transaction
3) Buy in various denominations and smaller and larger weights (levers)
REASONS FOR INCREASE IN DEMAND AND GOLD PRICE:
- Questionable results of monetary policy of leading central banks
- The security and stability that investing in gold brings to investors
- Portfolio diversification to reduce investment risk
- Gold prices remain attractive compared to the prices of other forms of property
- Strengthening of the middle class in Asia, especially in China and India, and its orientation towards gold
The growth of gold prices in the last 20 years
Ten great reasons to own gold
Find out what experts say about buying gold bars and coins, and why it is always good to have yellow precious metal on hand.
At least a little gold should be in the pocket of every wise man. Gold is an excellent insurance against many life surprises.
Below are ten surprising reasons to own gold that is sure to tickle your interest.
1. Protection against impairment of paper money
Paper money is a perishable commodity. It is valid today, and tomorrow it may become completely worthless. In contrast, precious metals, and especially gold,
they have preserved their purchasing value for many centuries. If your great-grandmother bequeathed you a paper bill from Austria-Hungary,
you have nothing since then. But if she left you an Austro-Hungarian ducat, it is still valuable and precious even after a hundred years.
2. Preservation of privacy
Gold purchases can be made anonymously. Gold bars or gold coins in Croatia can be purchased in the value of 105,000 kuna in cash, with the issuance of invoices without customer information. In this way, the buyer can discreetly buy and store his property, and thus insure it against the risk of third parties, relatives, the state, banks…
3. Legal tax reduction
When buying investment gold bars and coins, no value added tax is paid. The legislator treats the purchase of gold in the same way as the purchase of any world currency: euro, dollar, franc… Also, in Croatia there is no profit tax on the positive difference between the purchase and sale price of gold. So, this is an extremely attractive way to invest in tax terms.
4. Protection against currency war
The world is currently experiencing one of the fiercest currency wars in human history. Most of the world’s leading currencies are produced on a daily basis from nothing in quantities from which blood freezes in the veins, all with the hope of stimulating economic activity. This may trigger economic activity, but the consequence of this war is – the declining value of paper currencies. Fortunately, gold is impossible to produce from anything, and because of that it will always have value.
5. Protection against bank account blockage
If you own physical gold in bars or coins, you don’t have to fear that you will run out of liquid assets even if the bank blocks your bank account for any reason. Remember that the ordering party can block your bank account even if you have not done anything wrong or illegal. Therefore, it is good to prepare for such an unpleasant case by buying a gold reserve.
6. Protection against confiscation of private property
A significant amount of personal property can be stored in an extremely small space by purchasing gold. For example, a gold bar the size of a matchbox is worth about 50 thousand euros. Unlike gold, all other assets – real estate, movables or money in a bank account – are visible and easily accessible for confiscation. You can’t put an apartment or a house in your pocket and take it with you. Yellow precious metal, however, can be discreetly stored, making it virtually impossible to confiscate.
7. Avoiding the consequences of social breakdown
Social unrest, conflicts and wars in our area occur every few decades. It is known that during the war, individuals who could pay for their freedom with gold were the first to emerge from the besieged cities. Thus, owning gold in extreme political times represents the difference between life and death.
8. Protection from natural disasters
Fire, flood, earthquake or any other natural disaster can instantly destroy your precious possessions – cash, paintings, cottage…
But there is almost no natural disaster that could completely destroy the value of your gold bars or coins. Gold can be damaged, but not destroyed. You will always be able to return the value of your gold.
9. Maintaining the liquidity of fixed assets
Gold is an extremely liquid means of storing personal property. Unlike real estate or artwork, gold bars and coins can be converted into cash literally overnight, and on extremely favorable terms. The difference between the buying and selling price of monetary gold is comparable to the difference between the buying and selling rate of any two paper currencies. At the same time, gold has significant growth potential.
10. Protects against unnecessary wear
If you want to save, the best way to do that is to do it in gold. If you leave your money in the bank, it will be much easier to lose it, as well as devalue it.
Gold: a precious metal with a long and rich tradition
Gold is a precious metal with a long and rich tradition. Egyptian rulers used it as a symbol of power, and the ancient Latins named it “Aurum”, believing it to have the “glow of the rising sun”. No other element evokes such strong, almost mystical feelings in people. Because of its extraordinary properties, gold is the object of fierce human passions, hopes, greed. Women use it as an ornament to the body and clothing. Men as a means of business and exchange. States jealously guard it in their treasuries as a guarantee of economic stability, and as a symbol of glory and power. Religious communities decorate their relics and religious artifacts with it. Gold is considered the metal of nobles, kings and rulers.
Although gold has been present in the volume of the planet Earth since the formation of the solar system, it is believed that literally all commercially viable deposits of this precious metal were formed much later, as a result of the fall of meteorites and asteroids. One of the largest celestial bodies to hit the earth many millions of years ago created a 300-kilometer-diameter crater in South Africa. Today, the world’s richest gold deposit is located there. It can, therefore, be said that the gold we possess and use is a true gift from heaven.
Gold has extremely interesting physical properties. The most extensible is the known metal, since a single gram can be rolled into a foil the size of one square meter. Extremely thin gold leaves become transparent and acquire a greenish-blue sheen, as gold strongly reflects yellow and red light. Gold is also an excellent conductor of electricity and heat. The density of the yellow precious metal is extremely high. One cubic meter of gold (that is, a cube with an edge one meter long) weighs 19 thousand kilograms. If you think lead is hard, think again. A cubic meter of lead weighs “only” 11 thousand kilograms, or about 40 percent less.
In the periodic table of elements, gold is found under the ordinal number 79 and marked Au.
Its melting point is at a temperature of 1064 degrees Celsius, and its boiling point is at 2856 degrees Celsius. It can be found in nature on its own, in the form of lumps of pure gold, or in combination with tellurium.