Should Gold be a Part of Your Long-term Investment Plan?

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Unlike government-issued fiat currencies like Dollar or Euro, gold is seldom affected negatively during market fluctuations. Pexels

For thousands of years, gold has been one of the most popular and sought-after precious metals in the world. It is tangible, honored, tradable, and a time-tested investment option in growing your net worth.

Growth During Recessions

Although owning gold is generally deemed as a source of financial security, it also has many other benefits in today's global economy. Since the 1980s, gold happens to be the only asset that has peaked during major recessions. That's because those who invest in gold understand that it is independent from assets that are linked to and affected by the economy, like stocks and bonds and fiat currency.

Additionally, it is widely known that gold offers a hedge against inflation. In fact, it has been historically observed to significantly rise in value during recessions. So, if you have gold investments in your portfolio, the asset is likely to offset some of the losses you might incur from stocks or real estate investments during market upheavals.

Gold Value Not Susceptible to Market Manipulation

Unlike government-issued fiat currency that faces market devaluation and manipulation based on economic conditions, gold is immune to fluctuations. As such, it really is no wonder why gold has always outperformed popular fiat currencies for a long time now.

Moreover, when you make transactions in gold, you break free from the restrictions, loopholes, and chances of errors linked to the banking system like system failure and withdrawal limits.

High Liquidity and Exchangeability

That's not all. The high liquidity and exchangeability of gold allows you to conduct business around the world with trust, especially when currencies fail or face significant devaluation. The universal demand for gold as an ornament and as a sign of financial worth makes it one of the best compact value storage mediums.

Gold can be exchanged for any currency and is one of the most stable precious metals in existence. It has steadily climbed in value over time with sudden spikes during recessions when other asset classes suffered inconsolable losses.

Where to Buy Pure Gold Bars Online

A gold buying mobile app called Vaulted that allows you to buy fully insured 99.99 percent pure kilo gold bars manufactured and certified Conflict-Free by the Royal Canadian Mint, an ISO 90001:2000 certified refinery. When you buy gold through Vaulted, your gold will be safely allocated and separately stored at the Royal Canadian Mint, so it can never be mixed up with anyone else's. Your gold will even be insured against theft, damage, and other related losses.

Vaulted is backed by McAlvany Financial Group, which also owns International Collectors Associates, one of the largest and longest-operating gold brokerage firms in the U.S. The mobile app and the complete process of buying, selling, and storing gold is coordinated, managed, and conveyed to Vaulted customers by an experienced team with decades of experience in precious metals transactions of over $2.5 billion.

Setting Up Your Vaulted Account

When you download the Vaulted app, you can create an account within a minute. After that, you can link your checking account through a secure channel.

The Vaulted app is monitored by leading Google software developers and is audited for cybersecurity by third-party companies like PriceWaterhouseCoopers. You also have the option to manually link your checking account by presenting a recent bank statement and driver's license to the Vaulted team. Just give them a call if you want to take this route.

After your bank account has been linked, you may proceed to select the figures in money that you want to transfer to your newly created Vaulted account. It could take a few days for the amount to be credited.

Once the transfer is complete, you can enter the amount of gold you wish to purchase and confirm the order. The transfer will happen almost instantaneously during market hours. If you want to sell gold through the app, simply click on "Sell Gold" and enter the amount in U.S. dollars before confirming the order.

Vaulted strives to avoid holdovers, waiting periods, or hang-ups for gold transactions on their platform. Moreover, they are transparent about their fees and charge 1.8 percent of the current wholesale market gold price for selling and buying gold through their platform. You also pay 0.4 percent in annual maintenance fees, which are billed semi-annually. There won't be any fees if you choose to get your gold delivered to your home. To do this, simply file a request with Vaulted and the firm will FedEx it to you in about a week's time.