Why investment in gold makes more sense than in cryptocurrency

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September 01, 2022 / 10:45 AM IST

For all the vaunted prowess of cryptocurrencies, the fledgling investment instrument is a risky proposition that might deter the regular retail investor. Gold, on the other hand, a relic from the ancient past, with real life applications, continues to be a safe haven of investment. Its auspiciousness only adds to the charm. Whereas the cryptosphere is riddled with volatility, gold continues to be a yardstick for stability.

Even the data suggests that gold has held its own and has ridden the pandemic unblemished. Its prices surged during nationwide lockdowns across the world when people looked to hedge their bets against something that was safe and real. For those who are in it for the long run, gold offers an excellent source of diversification in the investment portfolio.

Moneycontrol journalists were not involved in the creation of the article