It’s taxing to keep a tab of the loans, credit card bills, and utility bills to pay these off timely and avoid incurring any additional charges.
Invest in GOLD and give a boost to your investment portfolio
The entire world is in the grip of a serious health issue that has affected millions of people worldwide and shaken the global economies. We are talking about the novel coronavirus that was first discovered in the wet markets of Wuhan city in the Hubei Province of China. Later the virus was found in different parts of the world as therefor the World health organization declared it as a pandemic.
Most of the countries across the globe have declared a temporary state of lockdown to prevent the spread of this deadly virus. Even after strenuous measures and awareness amongst common people the virus has affected 11 million people worldwide. A major impact of the novel coronavirus outbreak is that a lot of people have lost their jobs and industries, sales and manufacturing have suffered tremendous losses.
The global stock index has been able to recover itself since the beginning of the COVID-19 outbreak however it has become highly vulnerable to the strokes of uncertainties. According to the majority of financial experts’ stock markets reflect the future. However, low prices right after the economy are down is not really an ideal situation to celebrate on stocks.
Just like most of the industries the gold market has been extensively affected due to the COVID-19 outbreak. A major portion of the revenue earned by the government of the UAE was based on the sales of gold. The richest emirate in the UAE is Dubai which is also known as the city of gold due to its iconic gold souks that are quite famous amongst tourists, travelers, and locals.
The money that is being invested in the stock market is highly dynamic and is most likely to boomerang in the form of inflation. Now the real question is what form of investment is most suitable during this phase of the pandemic?
Are gold and other precious metals the right choice of investment during the COVID-19 outbreak. If you are looking for a safe place to park your surplus capital during pandemic gold is undoubtedly the right choice.
Gold is one of the most selling precious metals of all time that has managed to maintain its value since times immemorial. Romans, Greeks, and the Chinese used it as currencies and the Indians believed that it brings fortune and good luck. The current market and geo-political situation have increased the inclination of investors towards physical and non-physical forms of gold instead of other conventional modes of investment.
As of now, it is really uncertain for economists and financial experts to predict whether there will be a reflection of prices in the near future. However, there is a surge in liquidity that is gradually making its way to the financial markets within and outside of the UAE.
Most of us are aware of the fact that when there is an increase in inflation there is a downfall in the value of currencies and this primary reason due to which people, funds, and central banks tend to stock gold.
Gold since times immemorial has been used as a major form of investment by different cultures. The Indians and Chinese not only collect gold as an ornament but mainly as an investment. Gold in terms of being metal has a plethora of qualities that make it highly suitable for combating inflation and phases of financial instability.
Gold is highly liquid in nature which means it can easily and quickly against cash in the market which contributes to its popularity. Liquidity in general refers to the ease with which an entity can be sold for cash in the market. High liquidity of gold makes it one of the most suitable forms of investment that can be used to counter strokes of financial instability during the pandemic.
The best part about investing in gold is that it is not just a temporary investment instead it turns out to be a guarantee of prosperity for the coming years and your loved ones. The method of investing in precious metals is a deep-rooted technique in Asian culture that acts as a strong insurance tool against inflation.
As the liquidity via central banks tends to increase substantially along with debts of US and European countries. Unlike most of the investment’s gold is not subject to liquidity risk and comparatively is exposed to a lower market risk without inclinations risks that are associated with other tools.
In a Nutshell
Gold as an investment turns out to be useful and beneficial for most investors looking forward to building a corpus during the pandemic. With the current market and geopolitical, it is undoubtedly one of the safest forms of investment that has the least risks associated with it.