For many centuries, gold has remained in demand in various areas of life. However, various myths and misconceptions that diminish the importance of the precious metal cropped up in modern society.

Here are five of the most prevalent myths:

1. Gold does not generate income

Myth: owning the precious metal is not profitable because it does not generate interest or dividends like stocks or bonds.

Truth: gold can multiply the funds your invest in it because its price tends to rise. Over the past 5 years, the price of one gram of the noble metal has increased by 83% in Indian rupees. Many residents of our country use this reliable financial asset to ensure protection against inflation and accumulate savings.

2. The value of gold is exaggerated

Myth: it’s a useless piece of metal with no practical value in everyday life.

Truth: gold has a wide range of uses in industries including jewelry, electronics, medicine, cosmetics and even space technology. The yellow metal is also in your smartphone. And, of course, the financial possibilities of investment gold are undeniable.

3. Gold is not a currency

Myth: the precious metal is not a currency. No country uses gold as a means of payment.

Truth: every currency has a code. According to the international standard ISO 4217, gold has been assigned an individual currency code XAU. The combination of letters “AU” means “aurum” (gold), and the letter “X” indicates the absence of a country that issues and controls this currency. The independence of the yellow precious metal gives it a number of advantages over other currencies, helping to avoid the risks associated with political factors.

4. Gold is no longer part of the global financial system

Myth: with the development of modern financial tools such as electronic payments and digital currencies, the precious metal has lost its relevance.

Truth: if this was true, the major powers would not be buying up gold for their reserves, it would not be traded on the stock exchange and would not constitute a significant part of the funds of the International Monetary Fund.

5. The purchase of investment gold bars is not available to the general population

Myth: purchasing the noble metal is a complicated process. This will require specialized knowledge. One can buy gold only in large bars.

Truth: becoming the owner gold is easy these days. This can be done online without leaving your house. Go to the online store, choose the bars that suit your needs and budget, place an order, and voila — you are already the owner of the precious metal!

You can start forming your own gold reserve with small bars weighing only 1 gram. Moreover, you don’t even have to buy them! On the Global IndiaGold online platform, gold can be received as a reward for active participation in the FAST START promotion.

Our clients from different parts of India mine the valuable metal through communication and enjoy the benefits that gold bars provide.

It’s time for you to join too!

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