Investing in gold has been a popular strategy for preserving and growing wealth for centuries. Gold is considered a safe haven asset, meaning its value tends to hold steady or even increase during periods of economic uncertainty. As a result, many investors turn to gold as a way to diversify their portfolios and reduce risk.
There are several different ways to invest in gold. One option is to buy physical gold, such as coins or bars. Another option is to invest in gold ETFs or mutual funds. These funds track the price of gold and allow investors to gain exposure to the metal without having to buy and store physical gold.