Gold is the best-known and most invertible precious metal. It is unique because of its durability (it does not corrode), its ability to mold and its ability to conduct heat and electricity. While it has some industrial uses in dentistry and electronics, it is mainly used to make jewelry or as currency. The most valuable of all precious metals is rhodium.
Gold IRA rollovers are also a popular way to invest in gold, allowing investors to diversify their portfolios. This silver-colored metal is extremely rare and is commonly used for its reflecting properties. It has a very high capacity to tolerate corrosive objects without being affected and has a fairly high melting point. The biggest producers are Canada, Russia and South Africa. Gold is by far the most popular investment among precious metals.
Investors, big and small, buy gold to diversify their portfolio, especially in uncertain economic conditions where the price of 500 pence could be falling. The yellow metal is durable, malleable and acts as protection against inflation. You can invest in gold by buying jewelry, coins, ingots, ingots, derivatives, futures contracts and gold ETFs.