Gold as an investment – additional information
Throughout history, gold has been desirable and in demand and has been characterized as a high value commodity. When investing in any commodity, risk assessments need to be taken into consideration. Generally gold is considered to be a safe investment. It becomes an attractive means of money allocation especially in times of turmoil on the financial markets. Also governments locate a big part of their assets in gold. The United States was the leading gold holding country worldwide, with gold reserves amounting to 8,133.5 metric tons.
The demand for gold globally in 2021 was estimated at over 4,700 metric tons.