Why is gold valuable?

Yahoo!Finance/Eric Reed

photo of gold bars and $100 bills“In light of the deep recession caused by the coronavirus pandemic, the world’s most powerful central banks have responded in two ways: with a combination of quantitative easing – essentially money printing – and lowering interest rates (to sometimes even negative rates). The combination of these two monetary actions could possibly lead to inflation. As a result, many people seek gold as a more reliable store of value than normally stable paper currencies.”

USAGOLD note:  Solid overview for first-time investors.  This article lays out the reasons why gold is a valuable alternative to currency-based savings.


Repost from 8-27-2020

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