Richard Shemesian

Gold is a commodity that is almost as old as civilization. People have “invested” in gold for literally thousands of years. However, that doesn’t mean it is a commodity that has been lost to antiquity, plenty of people still invest in gold—like Richard Shemesian.

Gold has always been valuable, since basically before recorded history. It is malleable, which means that it is easily beaten into shapes. This means gold can easily be used to create statues, jewelry, and coinage. It is also a rare and lustrous metal, which makes it one of the most highly sought after precious metals over the long course of history.

Gold was basically the first international currency. It did not matter where you took your gold coin, it was still worth something—unlike a Euro dollar today. Gold has kept its value over the years, indeed it has built upon it slowly, but consistently. The last five years have shown that gold is capable of real growth when people realize it’s potential as a protective asset.

Many investors disparage gold as an investment because it does not collect interest or pay dividends. However, this simply ignores the true purpose of an investment in gold. Individuals should not invest in gold expecting to make big money, though certainly that has happened before. Rather, they should invest in gold as a way to protect themselves and their assets against the volatility of the stock market or domestic economy. This is the true value of gold, a commodity which has held value throughout the crashing of economies and collapsing of dollars for centuries.