Investing in gold back in fashion

TIRANA, Feb 7 – There are options beyond the usual financial investment tools of savings accounts, bonds or stocks that can help grow your money. It now appears the old practice of Albanians holding their money in gold is back in fashion. And First Investment Bank, through its gold investment license, now offers all Albanians the opportunity to use gold as a financial instrument to make their savings grow, the American Chamber of Commerce said in its latest magazine issue.
First Investment Bank is the first financial institution in the Albanian market to offer the option to everyone to buy pure gold, 999.0 in 1000 parts, also known as 24 carat gold. The investment opportunity comes in various denominations – from
2.5 grams to 5 grams. Investing in gold can be done two ways. One is buying bars and saving them, or the other way is to buy objects or coins made of gold. The effect is the same. FIB experts believe these financially risky times, in which inflation fluctuations are
unpredictable, make investing in gold very attractive.
FIB presented this new investing option to members of the American Chamber of Commerce in Albania at a Business After Hours event, explaining in detail all the benefits that come from gold investments as a saving tool. In addition to the gold investment presentation, the event also served as a networking event for AmCham members.
Gold’s unique physical properties, its luster, easy workability, and virtual indestructibility have given it a special place in the history of the world. Over centuries, gold has been prized for its rarity and beauty.
Gold is among the most liquid of the world’s assets. It can be readily sold 24-hours a day in one or more markets around the world. This cannot be said of most investments, including stocks of the world’s largest corporations. In addition, the trading spreads on bullion are comparable to those on stocks and bonds (which are considered to be liquid assets). Finally, it takes about the same amount of time to execute a trade in gold as it does for stocks and bonds.