According to the reports by United Nations, about 10 percent of the overall population of the world is now over the age of 60 years. Further, it is estimated that at the middle of the present century, this percentage will be doubled. Whatever the circumstances are, people having gold will be a blessing in disguise; they can trade it whenever they are in crisis. During inflation cycle, it is always wise to have some of your savings in gold.
At present, the entire world is going through an economic recession; people are living from hand to mouth, and everyone is very conscious before making any investment, especially those elderly persons who are approaching retirement; they are seeking a secure and profitable mode of investment to live a financially stable retirement life.
Stock markets are fluctuating due to global recession. People who invested on stock markets have borne huge losses and are now in deep troubles; therefore, presently, stock market is not the suitable place for the people who are seeking directions for the investments.
Due to the current recession and the increasing inflation, gold has become the ultimate long-term store of value. Gold is a very precious and well-recognized metal throughout the world; demand of gold has always increased due to its various uses. To buy gold and make best investment option for people after retirement, as it proves out to be a highly profitable investment.
Investors generally buy gold because gold prices continue to rise, and it does not depreciate. Persons approaching retirement have small experience of buying gold, and they feel comfortable while purchasing gold as compared to mutual fund or stocks, among the other assets, which are most often used in retirement planning, like bonds, stocks and savings accounts. Gold stands out as the only investment plan that is not affected due to the economic crisis.
Gold provides safeguard to the investors against the economic crisis and currency variation. People prefer gold investments rather than purchasing or keeping their precious savings in the form of dollar or other currencies. We have seen, especially from 2008-2009, dollar and yen have been fluctuating, and global trend, at all levels, from investment perspectives, is shifting towards gold.
Long-term and reliable store of value are gold coins and bullions, which can be the most beneficial retirement asset. During the purchase of gold coins, well-reputed and authorized companies should be considered, and after buying, gold should be kept with safety like bank lockers. Other options of investments are to buy individual gold mining stocks and to invest in precious metal stocks.
Investing in gold does not mean to invest all your valuable assets into gold, because the market is unpredictable. Investing in gold is a simple way of protecting your assets and wealth for a long period of time. Timing should be considered to
, because gold is in a high demand; careful planning is required to be a part of this investment plan. All in all, gold is a retirement investment and would always be worth investing, even if in a very little quantity.