Steven Schuster 
A lot of investors today use gold to protect their wealth for the future. Many of them deposit and save their money at banks, while others become wise with their way of keeping assets and wealth. Investors choose to secure their wealth by buying gold and having it stored. Gold is available in different grades.
J. Rotbart Singapore is a trusted firm where you can trade or leverage gold holdings without selling.
Different Grades of Gold
Before you trade or merely store it in a reliable bank or firm offering precious metal holdings, see how pure your gold is. Karats or carats are the terms used when shopping for gold in jewelry. The purest gold is 24k, as everyone knows this.
Gold is a very malleable metal in its pure form. The different types of gold are:
9K and 10K gold. 9K and 10K gold are the smallest value of gold grades known as 375 or 417 gold. These numbers represent the purity of the gold, like 37.5% and 41.7%. These are used in more expensive jewelry. The 9k gold in Singapore is also used in dental work or as gold crowns.
14K and 18K gold. 14K and 18K have a purity of 585 and 750 gold; these are the next gold grades, 58.5% and 75%. They are used with precious or semi-precious stones to support the gem better. These grades of gold are used in jewelry worn daily, such as wedding rings and lockets.
However, there are different sides and benefits when you have gold bars.
Benefits of Saving Gold
Gold has been valuable for centuries and is a symbol of wealth. Flat currencies are subject to economic fluctuations and inflation, but not with gold. Gold offers unique advantages, which are attractive options for the savers.
Saving precious gold metals is ideal for your financial planning. The benefits of saving gold are:
Hedge Against Inflation
The reason why many people turn to gold is to act as a hedge against inflation. Inflation erodes the fiat currencies over time, which reduces the value of money when held in cash or savings accounts. Gold retains its value during inflationary periods.
The price of gold increases when the cost of goods and services increases, which preserves the value of savings. It makes gold a reliable means to protect wealth against inflation.
Haven During Crises
Gold has been a long-time haven asset recorded in history. Investors flock to gold during the following crises:
- stock markets plummet
- currencies falter
- political instability arises
Gold secures a store of value. The tangible nature and universal acceptance make it a trusted asset. Saving gold protects wealth from volatilities and uncertainties, which characterizes modern financial markets.
Long-Term Wealth Preservation
Gold demonstrated the ability to preserve wealth in the long run. The inherent scarcity contributes to the enduring value. When checking historical data, gold maintained its purchasing power for centuries.
Gold doesn’t perish and its value increases in the long run. Precious metals can be a way to save wealth from one generation to another.
Saving gold creates a lasting legacy, retaining its worth over time.
Liquidity and University
Gold is a liquid asset that can easily be purchased or sold in different forms, such as:
- coins
- bars
- exchange-traded funds
Gold has been accepted and recognized globally as a trusted medium of exchange. Regardless of where you are from, gold is recognized universally as a valuable asset. The universality and liquidity provide savers access and flexibility in turning into funds.
There is no need to sacrifice other assets like a home or vehicle; gold can be turned into money.
About Author
Robert Mueller 