When the economy goes through a downturn, Gold and silver are the only excellent alternate investment options. Gold diversifies your investment portfolio, and it does not fluctuate like other assets in line. Investment in Gold works as the insurance for you! It is advisable to allocate almost 5% to 15% of one's investments towards Gold.

Like everything else in the market, investing in silver bullion has pros and cons, and what appeals to one investor does not appeal to another.

Gold is an evergreen investment option that people like to opt for. Canada is number 5 in the world’s gold mine production chart and accounts for 5.3% of the world's total gold production. Deciding between several ways of investing in gold can be tricky.

The COVID-19 outbreak took a toll on the prices of precious metals like gold and silver. According to World Gold Council, the first quarter of 2020 saw a 39% decline in the global demand for gold jewelry. Amid this decline, the gold prices still saw the rise in precious metals prices to $1,700 per ounce in the US and neighboring states. These prices rose first time in seven years in April 2020.

Gold is a significant investment that people rely on for fulfilling the immediate cash requirements. The value of this precious metal is always trending at higher rates because of its higher liquidity. Moreover, one can sell the gold coins or the gold jewelry that is lying with the people at their home or bank. But, to get the right value of your gold and old gold jewelry you need to find a trusted old jewelry buyer.