Top 12 Must-Know Different Types of Investments

6. Gold

Gold is a precious metal and has been used as a store of value for centuries. Investors can buy physical gold, gold ETFs, or gold mining stocks. It is considered a safe-haven asset, especially during economic uncertainty.

Pros:

  • Hedge against inflation and currency devaluation
  • Safe-haven asset during economic downturns
  • Tangible and globally recognized
  • Long history of preserving value

Cons:

  • No income generation (no dividends or interest)
  • High storage and insurance costs for physical gold
  • Price volatility based on global demand and supply
  • Limited growth potential compared to other investments

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