Yes, of course because Gold tends to maintain its value over time.
Gold is a safe investment during times of economic recession. If you want to purchase physical gold, then purchase gold in the form of bullions, bars, or coins, which is the most preferred form of gold investment. Gold stock investors can get higher returns on their investment because a small increase in the gold prices can lead to significant gains in gold stocks. Gold can be easily converted into cash, which is the main advantage of gold investment. Find gold coins of investment-grade purity, if you want to invest in gold.
As a matter of first importance, by purchasing gold you'll be cementing your advantages which is something you ought to consistently focus on. Basically on the grounds that money is good for nothing except if you have something to back it up with while gold is continually going to hold its worth.
If you ask an economist, she/he would say that investing in gold is a bad idea.
Unlike other financial assets, gold doesn’t grow. It’s unproductive. What you’ve got now will remain the same even after decades. Its value only jumps higher in speculation that the price of other assets might go down. When someone purchases gold, there’s no assurance that it would be a profitable move.
The person simply HOPES that there will be someone out there who would be ready to buy it at a higher price. So, yes, for many people, investing in gold is not really a wise option. Not at least today when there’s just so many assets and avenues where you can put in the same amount and enjoy much higher rewards.
The returns from gold are very (very) poor. However, what you’re asking in question is “saving”. Yes, certainly, if you’re looking to safe-keep the value of your money somewhere, gold is a decent choice. Even better choice than banks. It’s very secure, highly liquid and can deliver marginally more return than an average savings account.
In short, investing in gold is not a good idea; go for the stock market, mutual funds, and real estate. On the other hand, saving in gold is a decent idea; you can go for it!