The financial crash of 2008 served as a good reminder of the importance of possessing physical gold. As the financial markets came tumbling down, wiping billions of dollars from the books, gold prices surged higher and higher. Between 2008 and 2010, gold prices jumped over 63% (from $869/oz to $1,420/oz). Similarly, when Britain voted to exit the EU, gold prices surged by $100/oz in six hours.
So what makes gold so special?
Unlike other commodities such as oil, copper, grains, etc., gold does not get used up. Other commodities either get consumed or their chemical makeup is such that they break down. The gold you purchase does not change form and stays with you forever!
Thus, investing in physical gold is a great way to ensure one’s stability in times of uncertainty.
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