Gold As An Investment: Pros And Cons
If you fear a currency crash or want to arm yourself against crises, you can invest in gold. However, an investment in gold does not offer absolute security.
The main arguments against gold are the high costs, currency risks, exchange rate fluctuations and, last but not least, the lack of profitable interest and dividends.
Advantages of gold as an investment
Gold is stable in value.
It is independent.
Gold is tax-free.
Disadvantages of gold as an investment
Gold does not pay interest or dividends.
The price of gold involves the risk of loss.
Gold is expensive.