Why you should invest in gold?
With the passing of Law 7/2000 (Italian law), which governs the gold market, private citizens can purchase gold as investment.
In particular, the law recognizes as "investment gold" that in the form of ingots or plaques of purity equal to or greater than 995 thousandths, and coins of purity equal to or greater than 900 thousandths, minted after 1800 or that were used as legal tender in your country of origin. Furthermore, it is established that investment gold, pursuant to art. 10 point 11 of the aforementioned law, can be sold free of VAT.
Gold has therefore become an investment. These are the main reasons why it is still considered an excellent investment today.
Monetary reserve: Gold has long performed the function of money, helped by the fact that it is divisible, transportable, easily recognizable and accepted as a form of payment. Also, it is considered as a monetary reserve thanks to the fact that it has maintained its value over time, it has not been infected by inflation in the same way as current currencies. Linked to this characteristic is the second reason that motivates investments in gold.
Unlike currencies, it is not directly influenced by market trends. For this reason, a large amount of gold is held by the states and banks as a monetary reserve. In a period of great financial uncertainty like the current one, gold is a safe haven and therefore a safe investment. Its high liquidity means that it can always be traded or sold.
Gold offers the possibility of diversifying other investments, such as stocks and bonds, thanks to it not being directly dependent on the factors that influence other types of investments.
Thus, gold has long been accepted as a form of payment, retains its value over time, is transportable, divisible, easily recognizable and allows, through its weight, value determination of an object.
