The Many Uses of Gold
As far back as 1500 BC, Egyptians and other ancient peoples used gold for currency, and its importance has not waned since. In today’s world, we may not carry gold coins in our pockets, but gold remains one of the most highly valued commodities for cultures across the globe.
Gold’s historic role as a sound currency alternative is recognized universally — from farmers in India whose high-carat jewelry is a form of savings, to investors in the West who accumulate coins and bars, to central bankers around the globe who hold gold in their foreign exchange reserves.
Powerful Investment Tool
Today, gold is recognized as a potentially powerful tool in an investment portfolio. Gold may:
- Keep pace with inflation and offer a hedge against currency devaluation.
- Generate positive returns in periods of economic stress and political/economic upheaval.
- Provide diversification through a low correlation to the movements of the financial markets.