Gold and silver used to work as ancient coins for the trade and primarily to accumulate wealth. They’re considered a status symbol that only a few affluent people own. Later, these precious metals were utilized to make paper currencies lasting up until the 1900s. Today’s money, however, is predominantly fiat currencies that don’t require a physical commodity such as gold and silver.
Houses, on the other hand, can be appraised when sold, making it more valuable than gold and silver. When you have your own home, you can do however you like with it, enjoy the company of family and friends, and most importantly, provide a space for your hobbies, interests and things that bring joy to your life.
So we ask, which is worth investing in these days?
Be that as it may, gold and silver can still be a great source of funds in times of crisis. They’re another form of “investment portfolio insurance” that acts as a safeguard against inflation, economic volatility, and uncertainty.
You can bargain for a reasonable amount following an actual collection of cash upon sale. Another thing is that it’s a limited commodity that grows at a slow rate. It being rare and uncommon increases its value as opposed to investing in the stock market.
Although gold is a premium asset, they’re contemplated to be volatile investments. It can sustain you for the time being but it doesn’t truly hedge against a long-term economic depression more so a global pandemic where even establishments fall into bankruptcy.
Owning gold can be an asset subject to a mortgage or even sell to mining companies at a fair price. But why invest in gold and silver when you can work your money around purchasing a house instead?
Why invest in a house?
What really matters most, apart from enjoying the luxuries of life, is having a place to call your own. Preserving gold and silver doesn’t come cheap, and so is purchasing a house. There are maintenance fees, association dues, property tax and a lot more expenses to sustain a house that’s livable for you and your family. Of course, this isn’t to discourage you into buying a house. You can always opt for renting a place first, and then save up for a house later on. A house today is something that young adults, and even teenagers are dreaming to have. Investing in a home is not easy, but also not that hard to achieve.
When you start looking into homes that meet your budget, you begin to think that buying a property can be workable as long as you find the right agents and developers that offer average earners cheap but quality houses.
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