KIDS TRIVIA

Detailed explanation-1: -Gold is often considered a good investment for diversification, as it may be less correlated with other assets such as stocks or bonds. This means that the price of gold may be less affected by movements in other asset classes, which can help to reduce overall portfolio risk.

Detailed explanation-2: -It’s a good hedge against inflation Gold and other precious metals have long been considered a smart way to fight inflation. That’s because it tends to hold its value-and preserve your purchasing power-over the long haul, despite fluctuations in the dollar.

Detailed explanation-3: -Gold is increasingly becoming a desirable investment option due to its potential to hedge against inflation and uncertain economic conditions. Now may be the best time to buy gold as it is expected to rise in the future. Should you buy gold in 2023?

Detailed explanation-4: -A good rule of thumb is this: Buy silver if you’re investing for when times are good. This is a semi-predictable speculation asset that can make you some real money. Buy gold if you’re investing for when times are bad.

Detailed explanation-5: -Gold has long been considered a durable store of value and a hedge against inflation. Over the long run, however, both stocks and bonds have outperformed the price increase in gold on average. Nevertheless, over certain shorter time spans, gold may come out ahead.