Kaya 959 Reporter
There’s a saying that says “If you love gold, you’re probably old”. However, there are some major advantages to investing in this age-old commodity.
Gold is a preference all around the world for its high value and long history of being woven into cultures for thousands of years.
Because gold’s price rises in response to circumstances that cause the value of paper investments, such as stocks and bonds, to fall, it should be an essential part of a diversified investment portfolio.
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Kaya Biz with Gugulethu spoke to Jimmy Moyaha who is a Financial Expert on the fundamentals of investing in gold.
LISTEN TO THE FULL CONVERSATION HERE
Although the price of gold fluctuates in the short term, it has always held its worth in the long run.
Moyaha gave a brief 101 on the use of gold and why it makes sense to invest in it.
“As far as industrial use goes, we can delve into a couple of things that are there.”
“The most important use for gold, and what has been over the years is a store of value, and it’s the most common use. Another thing that is quite clear from a gold perspective is its use a long time ago as a form of money. It dates back to the batter system which dates to 500 BC.
“It was also used as standardisation of trading and transacting where people needed to value things accordingly.”
Moyaha says there’s no monetary system that doesn’t have gold as part of it, and that it is firmly part of our modern-day infrastructure.
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