Thanks to Covid-19, the world’s economies are going through some tumultuous times, which for people translates into a lot of anxiety over job security and income stability.
For many, investing is a way to ensure both extra income as well as wealth protection, which is particularly important in the current climate. To this end, putting money into gold has been a popular option, as it has a history of maintaining its value even during uncertain times. It is also a good hedge against inflation. Depending on the nature of the crisis, gold can even move from a defensive wealth protection tool to a profit-spinning commodity.