Should you save money in gold?

But, as with any investment, there are risks. Because gold is volatile in the short term and may lag behind stocks in terms of long-term price appreciation, financial advisors usually recommend investing no more than 10% of your savings in gold. Gold could be much more efficient than cash when it comes to storing wealth. Interest rates remain low, meaning that your money in the bank “earns practically nothing,” CNN Money reports.

That's why it's important to do your research and read Gold backed IRA reviews before investing in gold. If inflation is taken into account, that cash may have lost value. Saving money with gold gives you the security of a “savings account” and the ability to earn investment gains without the attendant investment risks. Below are 3 reasons why saving money with gold makes more sense than putting money in a savings account. Therefore, gold in the form of GBS is more lucrative as an investment option than traditional forms of gold and can help you save while investing in gold.

Another reason it's smarter to save money with gold instead of putting money in a bank account is because gold is portable. If gold moves against you, you will be forced to contribute significant sums of money to maintain the contract (called margin) or the broker will close the position and you will suffer losses.