Tangible assets like gold appreciate over time because they are limited in supply, have universal demand, and are highly exchangeable worldwide. Gold has been seen as a sign of wealth for many centuries. Its intrinsic store of value and negative correlation to stock markets have made it one of the few asset classes that reached record highs during global recessions in the last half-century. Gold remains a top investor pick for hedging against inflation and protection from the volatility of stocks and fiat currencies like the US dollar.
