Join me on my journey through ranked matches as I strive to climb out of the Gold tier. In this post, I’ll be sharing my experiences, strategies, and insights about what it takes to advance to the next level of play. If you’re looking to improve your own ranked matches, or simply curious about what it takes to reach higher tiers, then keep reading. Let’s explore the world of competitive play together.
Gold has been valued for centuries as a store of wealth and a safe haven asset in times of economic turmoil. Many people choose to invest in gold as a backup plan for emergencies or for funding future plans such as property or retirement. However, some individuals take their love for gold to the next level and see it as a hobby. In this article, I will share my personal journey with buying and using gold as a rainy day fund and a backup plan. I will also discuss my reasons for saving gold and my plans for passing it along to future generations.
Why I Love Gold:
Unlike the traditional investment of stocks and bonds, gold is a tangible asset that you can hold in your hand. This physical aspect of gold is one of the main reasons why I have fallen in love with it. I enjoy the thrill of the hunt when I go out searching for gold coins or bars to add to my collection. This hobby provides me with a sense of fulfillment and satisfaction that cannot be found in traditional investments.
In addition to the thrill of owning physical gold, I also see it as a practical and safe way to store wealth. In times of economic uncertainty, gold has historically proven to be a store of value and a safe haven asset. This is why I view gold as a rainy day fund or a backup plan for emergencies.
How I Plan to Use My Gold:
While I have a love for gold as a hobby, I also have practical plans for using it in the future. I plan to use my gold to fund future plans such as purchasing property or funding retirement. Additionally, I plan to pass some of my gold onto my children as a way to nudge them in a certain direction towards responsible financial planning. However, I ultimately want them to make their own financial decisions and decide what to do with the gold.
How I Store My Gold:
To ensure the safety and security of my gold, I use a vaulting service to store it. This service provides me with peace of mind knowing that my gold is securely stored in a third-party facility. I recommend doing research and finding a reputable vaulting service if you plan to store your gold.
In conclusion, my journey with buying and using gold has been a rewarding experience both as a hobby and as a practical way to store wealth. However, I acknowledge that gold may not be the right investment for everyone and recommend doing your own research before making any financial decision. Remember, before making any investment decisions, it’s always best to speak with a financial advisor.
How much gold should I invest in?
The amount of gold you should invest in depends on your personal financial situation and investment goals. It’s best to speak with a financial advisor who can help determine the appropriate amount for you.
Is gold a good investment?
Gold has historically proven to be a store of value and a safe haven asset in times of economic uncertainty. However, like any investment, there are risks and it may not be suitable for everyone.
Can I physically hold my gold when I invest in it?
Yes, if you choose to purchase physical gold coins or bars, you can physically hold them in your hand. Alternatively, you can also invest in gold through ETFs or mutual funds.
Is it safe to store my gold with a vaulting service?
A reputable vaulting service can provide a secure and safe place to store your gold. However, like any investment, there are risks and it’s important to do your own research and find a trusted service.
Can I pass my gold onto future generations as a form of inheritance?
Yes, you can pass your gold onto future generations as inheritance. However, it’s important to have a plan in place and speak with a financial advisor to ensure the smooth transfer of assets.