The Real Asset Co has been watching the gold price with some interest since early January. As the Eurozone and the dollar become ever more unstable, growing numbers are turning to gold to protect their wealth. Now, in the most romantic month of the year, we look at gold investment as a sign of commitment to your loved one.
Valentine's Day is one of the most popular days in the calendar to get engaged (no pressure then!).
On average it takes a man three months to find the right ring, which will cost him on average $5,200. Even once he has found it the chances of it being right are no doubt fairly low, us women are a fussy bunch.
So why not invest in a gift that’s a little more timeless? Like a gold bullion bar?
Gold has been a safe haven for thousands of years and has proven its worth repeatedly throughout many currency crises and economic downturns. If you want to be able to protect your lovely lady from the potential pitfalls of the financial system then gold is, historically, the best form of defence. It has shown itself to be a hedge against inflation (look at the recent climbs in the gold price).
In comparison, an engagement ring proves to be no use whatsoever in financial crises. Because of the sentimentality attached to it I suspect you would struggle to give it up or sell it when hyperinflation hits.
In terms of investment risk, gold bullion holds no counterparty risk. Unlike an engagement ring of course, where the risk of her losing it, or not liking it, or it being damaged in the waste disposal unit is fairly high.
Engagement rings are the second most common item of jewellery to be lost, unlike precious metals, which are stored under lock and key, in secure vaults.
And unlike engagement rings, bullion’s value isn’t subjective to personal taste.
One ring, on average will cost $5,200, if this was put into gold it would buy you just over 3oz (according to prices on the 13th February). A troy ounce is around 31g. An engagement ring is approximately 5g of gold. So for the same amount of money you could have 93g of gold…
Surely a more worthwhile gift for Valentine's Day this year is gold bullion…or platinum if she’s a modern girl like me!
About The Real Asset Company
The Real Asset Company was launched by experienced financial professionals to provide investors with a secure and efficient way to invest in physical tangible assets.
Assets are verified by independent experts, are held with first class independent storage partners, and are verified through a transparent audit system. Customers directly own and have 100% control of their assets. By facilitating the exchange of ownership of physical assets The Real Asset Company is not regulated by the FSA, but by the usual three pillars of English Law:
• The investigating authority is the Metropolitan Police Force.
• The prosecuting authority is the UK Crown Prosecution Service which assesses evidence provided by the investigating authority.
• The Criminal Courts of the UK hear the case of the prosecuting authority.
0207 283 1953
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