By Federico Tessore – Passport Investor (Argentina) –
We love gold. This will not come as a surprise to our long-time followers. If you’re new to IG, maybe this is news to you.
There are highly respected investors, like Warren Buffett, who “hate” gold. They don’t see any value in it.
But we see the value. And we have our reasons. Here are some of them:
- The government doesn’t have control over it: It’s important to note that no government in the world can “print” gold. For us, the most important thing about gold is that it is free and independent from political influence.2. The devaluation of paper money: Paper money is being devalued as a result of global excess, liquidity, and the growth of the money supply.
3. Gold is a safe haven: It the quintessential safe-haven asset that everyone turns to in times of crisis and economic instability.
4. Gold has a high degree of liquidity: It’s considered an asset and a currency that’s very easy to convert into other forms of money without additional restrictions or penalties.
What’s happened to the price of gold?
Subscribe here to read more (paywall) (Spanish)