Due to the economic crisis of 2008 the production of gold has decreased, thus the demand for the metal is much higher and gold is now perceived as one of the most solid investments to put money into. Gold is also sought by investors as a safeguard against inflation and economic instability, making it a great commodity for securing a personal asset loan.
China has been known to buy huge amounts of the precious metal and a previous decrease in gold mining has also increased its rarity.
The benefit of buying physical bullion over electronic or paper gold is that it gives the owner physical possession and control over it and must be stored securely.
When keeping gold in the home, domestic safes can be one solution. Kept in a location that is well hidden, it is important not to reveal to family or friends that gold is kept in the property.
For those who would rather not keep it in the house, for a monthly fee, a safety deposit box is another secure place to keep gold.
Alternatively, loans against gold allow you to release the equity from your investment without having to sell.
It is also worth declaring gold to insurers in order for it to be covered by a policy, but expect a premium to be added for the privilege.
This article was submitted by Raj Tulshan, Director of Business Development of Biz2Credit. Biz2Credit is a small business marketplace that connects entrepreneurs with financing options and advice to grow their business. Send all questions to firstname.lastname@example.org