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Young & Savvy

Why buying gold in your 20s can be seen as being young and financially savvy

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Two hundred and fifty gram gold bars arranged at Gold Investments Ltd. bullion dealers in London, U.K., on Thursday, March 17, 2022. Gold rose for a second day as investors weigh the trajectory of the Federal Reserve’s rates tightening cycle against risks to growth from the war in Ukraine. Photographer: Chris Ratcliffe/Bloomberg

Gold bullion can be bought in different forms, from small coins of half a gram to gold bars up to 1kg.

PHOTO: BLOOMBERG

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SINGAPORE – While I was working as a crypto journalist, I would often hear from “experts” working in the industry that Bitcoin was a form of digital gold due to its scarcity and its supposed ability to hedge against inflation.

But by the time I understood half of the technology in 2022, some of the world’s biggest blockchain and cryptocurrency companies had collapsed, the value of Bitcoin had plummeted by 60 per cent, and my crypto investment portfolio had one zero less at the end. 

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