How Do You Spend Gold?
You’ve got a stash of gold and you might be wondering, What in the world do I do with this? Fear not. In this article, we’ll explore the various ways you can spend gold, making sure you harness its true value.
Investing in Gold
Gold serves as a secure and stable investment, especially during turbulent economic periods. You could consider buying physical gold in the form of bullion, coins, or jewelry. Investing in gold stocks, exchange-traded funds (ETFs), or mutual funds presenting exposure to the gold market is another available route.
Jewelry and Art
Gems and precious metals have their allure. Purchasing jewelry and art made of gold are prized purchases in many cultures. You might resonate with the craftsmanship, the cultural connection, or even the social status symbol.
Collectible Gold Coins
Collectible coins, commonly referred to as numismatic coins, attract collectors and historians alike. These coins are valuable not just for their gold content, but also their rarity and historical significance. Moreover, buying these coins supports the preservation of history.
Gold Accented Gifts
If you’re thinking about a luxurious gift, consider one accentuated with gold. Gold gifts, ranging from gold-plated electronics to gold-edged stationery, add an extra layer of intrigue and opulence.
Gold Exchange Traded Funds (ETFs)
Gold ETFs combine the advantages of gold investment with the convenience of stock trading. By purchasing shares of a gold ETF, you’re essentially buying and selling gold on the stock market without the responsibility of storing physical gold.
Gold Stocks
Investing in gold mining companies’ stocks is another way to engage in the gold market without possession of the metal itself. However, the value of these stocks is often tied not just to gold prices but also to factors intrinsic to the respective companies, ensuring diversity in your investment portfolio.
Using Gold in Mobile Games
In the world of mobile gaming, gold often denotes a type of in-game currency. Spending this gold can unlock character upgrades, new levels, and an array of other intriguing game features.
Gold in World of Warcraft (WoW)
In the popular online game World of Warcraft, gold serves as a valuable currency. You can use it to purchase items, spells, and transport services — vital components for progressing in the game.
Gold for Inflation Protection
When economies suffer and currencies fluctuate, gold tends to hold its value. Hence, investing in gold can provide an inflation hedge, preserving your buying power in uncertain times.
Gold Barter Trading
Historically, gold was used as a currency for trading goods and services. Today, the practice of gold barter trading still lives on in some communities — providing an exciting, alternative way to spend gold.
Dental Applications
Here’s a unique use — gold in dentistry. Due to its non-corrosive, non-allergic properties and malleability, gold finds use in crowns, bridges, and fillings. So, the next time you have a dental procedure, your gold could come in very handy!