Gold has served as a sign of wealth since the olden days and has managed to maintain its relevance as an investment even in the Information Age. Approximately 190,000 tonnes of gold are available globally in its physical form, with jewelry accounting for 50% of this total. Central banks worldwide have an extra 17% and 13% of global gold reserves, which are used for diverse industrial reasons. In India, gold is considered auspicious and valuable for various reasons. If you grew up between the 1950s and 1990s, you remember gold as a symbol of social standing and wealth.
Physical gold was formerly seen as a terrific investment, but that is no longer the case for various reasons. As you can see below, there are various hazards to owning gold.
