Ladder7 Wealth Planners Private Limited
Gold has a long history of being a favourite investment, a store of value from time immemorial. It is seen as a good hedge against inflation. It is a rare metal, available in limited quantities which ensures that it retains a certain value always.
World trade happens to a major extent in US dollars. So when two countries trade, they first convert their currency into dollars and pay it to the other party, who in turn convert dollars into their currency. In this entire process, there is said to be a 2-3% overall charge, which is very expensive especially when the amounts are in billions and trillions of dollars. But dollar trade was happening all along without a hitch, in spite of this.