Given the uncertainty of the global economy, it is more than ever paramount to either start investing or diversify an existing investment portfolio. Adding to it the security of tangible precious metals such as gold, silver, platinum, and palladium which are highly sought-after investment options could be a possibility. As the pandemic has caused unprecedented…
A good way to mitigate risk in an economic environment where investors are witnessing a raging pandemic, a declining U.S dollar, and rising inflation is to hedge a portfolio. Gold, silver, platinum, and palladium can be good hedging investments against adverse market conditions. Like insurance, this strategy can help counteract a loss in value. Since…
The term “conspicuous consumption” was coined by economist and sociologist Thorstein Veblen in 1899 in his book “The Theory of the Leisure Class”. In his analysis of the correlation between the economy, society and culture, he posited that the wealthy made purchases to signal their economic status and accomplishments. Ostensibly wearing gold jewelry to display…