Gold has been a part of human history since the beginning of time. For centuries, from Pharaohs to Kings gold has been associated with prestige, power, wealth, and freedom. If you don't know much about this yellow precious metal, reading this information will be a great place for you to start. So, why do I say gold is insurance during times of crisis? Well, before we begin to get into the meat of the matter I have a question for you; have you ever owned an insurance policy? If not, I'd imagine at the very least you have heard of insurance before and have a basic understanding of what it is. If you don't, Investopedia, one of the top online financial education resources, defines insurance like this: "a contract, represented by a policy, in which an individual or entity receives financial protection or reimbursement against losses from an insurance company. Insurance policies are used to hedge against the risk of financial losses." OK, so THAT was the insur...
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