We all like to own assets. Some, like cars, depreciate as soon as we buy them. Others, like property and land generally rise in price although, as we all know, there are downturns in property values from time to time.
But the attraction of any physical asset is that it is real and in your ownership. It is yours and you can touch it.
It’s the same with gold. When you buy a gold coin it is yours and in your possession. It is a physical asset. This physical ownership of gold becomes particularly important in times of dramatic economic reversals.
As an asset, gold is independent of countries, governments, currencies or credit worthiness.
