When you think of people who own gold bullion an image of Goldfinger, James Bond’s arch-enemy to real-life billionaires like George Soros. It is common for people to think that only high net-worth or rich individuals worry about owning gold but the truth is different than the fiction we see on TV. Typical bullion buyers are different from the stereotypical image the media portrays them to be.
When the movie, Goldfinger was made, the suit that Bond wore in the movie was probably worth the same amount of money as an ounce of gold today. Price aside, the relative value of gold bullion has remained firm has stayed constant. It weathered economic crises and political instabilities of the last couple of decades. However, the opportunities to own bullion have grown and so has the profile of a typical bullion buyer.
These days, typical gold buyers will walk into a bullion dealer Brisbane wearing jeans and t-shirts. They are as likely to wear ordinary clothes as they are likely to wear designer labels and jewellery. The recent history of the gold and silver markets is a good reflection of the changing attitudes towards currencies, the property market, and banks. Faith in institutions that safeguard various forms of wealth had diminished over time, interest in buying silver, gold, or other precious metals has been growing. These are regarded as the best assets and can be the best strategy to protect wealth.
There is always a gold bullion dealer Brisbane who makes buying, selling, and storing gold straightforward. It is very easy these days to purchase your own precious metals and even easier to sell bullion when you need to. These days there are normal, high net worth customers. Bullion buyers can be self-employed tradesmen, small business owners, or parents who want to put something away to pass on to their children and their grandchildren. Gold is one of those perennial
commodities in the world. It cannot be created but it can be recycled this helps keep the gold supply from completely running out.
What attracts people to invest in gold?
For centuries, gold has been a store of value and history has shown how well it performed during turbulent economic times. Gold bullion is a solid asset that has a long-term value. It performs better than shares and bonds. Looking back at the 2008 global banking crisis and the collapse of economies like Greece and Venezuela, it has been proven that there is no such thing as a bank being too big to fail. People are turning to alternative assets like gold bullion.
Where does gold come from: According to scientists gold was created billions of years ago by the collision of two neutron stars. A collision like that will produce heavy metals before the stars collapse into a black hole. This is a rare cosmic event which explains why fold is such a rare metal. There is virtually no way for a suitable metal that can replace gold. For this reason, the demand for gold will always be there. Scientists and industrialists keep developing novel uses for gold. Scientists keep on developing new uses for it in technology and medicine in everything from microchips, to drugs for treating arthritis, and surgeons using it in heart surgery. This means that the global demand for gold will continue to grow.
Over 5,000 years ago human beings found a way to separate gold from other metal ores. At that time gold was associated with the gods, royalty, and people with high standing. It was hard for ordinary people to own gold but these days a wider cross-section of society can buy gold and own any precious metal. Owning gold has always been a strategy to hedge against inflation and protect wealth is an ancient phenomenon, what has changed is the relative wealth of the people who choose to buy it.
