Since its discovery, gold has been used for ages as an efficient means to preserve wealth. However, in recent years, it has been sought after by most investors for several reasons. One major argument is that its desirability in the market doesn’t decline.

It’s because unlike other speculative financial investments, whose worth has gradually decreased over time, this precious metal still holds its high value. In fact, the cost of gold has continually increased over the years. Among other factors, its scarcity and ever-increasing demand are some of the reasons its prices keep going up.

Additionally, gold has lesser losses when the market is unstable. Also, economic or political changes have lesser correlation on its price. Therefore, most individuals consider it a haven for their capital, especially in times of turmoil. Overall, this makes this valuable metal a good and stable long-term investment option that could help protect your portfolio.