Gold as an asset has many qualities that are beneficial. One of these qualities is gold’s ability to store wealth. Gold has a six thousand year old track record of holding wealth. In fact gold coins and gold bars can hold wealth even if the organization that minted it goes out of business. Stocks and Bonds on the other hand are dependent on the solvency of the organizations that issued them. Fiat currency is another debt based instrument that is dependent on the solvency of the entity that issued it.

Another quality that gold has that’s beneficial is gold’s low to no maintenance. Gold coins and gold bars once you own a safe, will cost nothing to keep and over time can appreciate. Other assets like real estate will cost money to maintain and if it appreciates can require more to be paid out in taxes. Also governmental policies can change which in turn may cause property taxes to increase or tax breaks to be cut.

One last quality that gold has that‘s beneficial is gold’s ease to liquidate. Gold coins and gold bars are one of the easiest assets to sell. In fact most places that sell gold will usually also buy gold. With the recent economic events and the problems with companies owning illiquid assets, owning an asset that has been time tested to be easy to liquidate under most economic situations is truly beneficial. Gold because of its ability to store wealth, its low to no maintenance cost and its ease to liquidate, will always be a good asset to possess.