Gold is one of the best investments to own on a long term basis. The reason for this is some of the properties gold possesses making it ideal for the long term. One of these properties is gold’s durability. Gold does not rust or tarnish making it suitable for long term storage. In fact when gold is lost at sea and found years or centuries later, it comes out of the ocean just as good as new.

Another property that gold possesses that makes it good as a long term investment is gold’s ability to hold wealth. Gold has a six thousand year old track record of holding wealth. All fiat currencies become worthless in less than one hundred years, in fact no fiat currency can buy the same amount of gold it could of the day it was first issued. A chart of any nation’s currency purchasing power over time will have a downward trend. By investing in gold on a long term basis it will protect an investor’s wealth from erosion due to inflation.

One last property that gold possesses that makes it good as a long term investment is gold’s portability. Gold because of its ability to store a large amount of wealth in a small package makes it ideal to transport from place to place. An added bonus is gold is more private and has less counterparty risk than a bank account. Gold because of its durability, its ability to hold wealth, and its portability, makes it one of the best investments to own on a long term basis.