Should I invest in gold?
Hedge against currency fluctuations and inflation. Historically god ha served as a hedge against both rising inflation and depreciating currencies. Typically when inflation rises gold appreciates because investors realize that with their money losing value it is a wise choice to invest in hard assets.
Safety net. Political and economic uncertainty is a harsh reality for investors. During uncertain times people have used gold, even among the collapse of empires, to preserve their wealth. Gold has applications in the real world as well so even in a complete global economic collapse gold will still be a tradable commodity.
Greater fool investment. To make money from gold you must find someone who is willing to buy it from you for more than you paid. This is known as the ‘greater fool’ investment because you are trying to find a another ‘fool’ to make money off. While these types of investments have their place they are not the best choice for wealth creation.