Is Gold Still Performing Well as an Inflation Hedge?

Inflation Hedge
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From time immemorial, gold has been considered an excellent investment. As the world’s global economy has become more complicated since the industrial revolution, gold has been understood to be one of the best protections against inflation that one can invest in. 

Gold in a Changing Economy

That said, the world’s economy has changed dramatically in the last 200 years. With the increasing threat of inflation impacting the market, those eager to protect the value of their assets are once again turning to gold for a reliable solution. But is it as trustworthy as an inflation hedge as it has been viewed historically?

What is an Inflation Hedge?

Economies are not fixed but adjust with the market. When a currency loses purchasing power due to inflation or macro-economically, people look to protect their wealth by investing in an asset that is forecasted to maintain value or even grow during this time. Gold is traditionally viewed as an inflation hedge because it tends to become more expensive as the dollar loses its value. 

On The Value of Gold Today

In 2022, while gold remains valuable, it may appear too valuable. Some speculate that the price of gold is finally rising along with an increase in inflation caused by the global COVID-19 pandemic, among other factors. This could mean that gold is not likely to remain as lucrative as it has been recently, putting its value as an inflation hedge into question. 

Examples of Gold You Can Sell  

If you’re looking for a cash boost rather than a way to ensure your savings stay reliable, selling the gold you currently own is an excellent way to acquire extra income. Most of us own a few items like old jewellery that are made of gold are worth cashing in. If you’re a dentist, you’re likely sitting on another kind of resource for gold that you might not even realize. 

Dental Scrap

For any dentist looking to benefit from selling gold or other precious metals, you can sell the dental scrap left over from restoration work for substantial yearly profits. Dental scrap refers to material leftover after work is performed on a patient with things like inlays, crowns and caps already installed.

Since this kind of restoration work often contains precious metals like gold, you can sell dental scrap to companies that can refine it into a sellable form. All you need to do to get started is to save the dental scrap you acquire from customers that have had restoration work done and are not interested in keeping the leftover material. 

You should then find a company that refines your dental scrap for fair value based on a metals report. A metals report will tell you exactly how valuable your dental scrap is so that you know you’re getting fair value. 

If you’re looking for a cash boost rather than a way to ensure your savings stay reliable, it will be worth selling your gold rather than holding onto it. When inflation hits, we could all use a bit of extra income. If you’re a dentist, talk to a dental scrap buyer right away to ensure your business stays afloat.

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