Gold is one of the best investments when it comes to investing on a long term basis. The reason for this is some of the properties gold possesses. Some of these properties are gold’s ability to store, divide, combine, and transport desired work; i.e. wealth. One reason why gold is a good long term investment is gold’s track record. Gold has a six thousand year track record of storing wealth, in fact gold coins and gold bars have been shown to preserve its perceived value even when the organization that minted it ceases to exist.

Another reason why gold is a good long term investment is the fact that physical gold has no counterparty risk. Once an investor has physical possession of the gold, their wealth is independent of the solvency of the mint or the dealer they purchase the gold from. Stocks or bonds on the other hand are dependent on the solvency of the organization that issued them. The aspect of having no counterparty risk is one of the main reasons why gold is ideal as a long term investment.

One last reason why gold is a good long term investment is gold’s low to no maintenance cost. Gold because of its properties of being resistant to corrosion and tarnish makes it one of the easiest assets to store. In fact once an investor owns a safe the cost of maintaining gold is virtually zero. Gold because of its track record, its lack of counterparty risk and its low to no maintenance cost, makes it one of the best assets out there to have as a long term investment.