Many famous individual investors such as Warren Buffet have questioned the value of gold in today's "modern" world. However, as per the World Gold Council findings the US Federal Reserve still holds 6,700 tonnes of gold, in 530,000 gold bars. It is down from its peak in 1973, when the Fed stored more than 12,000 tonnes of monetary gold. However, given the overall decline in the value of the dollar since the early seventies,it isn't really surprising.
If the US Federal Reserve still thinks it is a good idea to hold so much gold to back the US Dollar, doesnt it make sense for an individual to maintain some assets in gold?
And with a secured gold loan, you can receive cash for gold nearly instantly. Image and fact courtesy of World Gold Council.