Which is better for gold or dollar investment?

Economy and stock exchange

Many citizens have financial surpluses and do not know how to exploit or direct them, which leads some to buy hard currency for the purpose of making profits with the rise in prices, and others are buying gold to preserve the value of the currency, and in this context we ask which is better for investment Gold or the dollar?.

In this context, Rafiq Abbasi, head of the jewelry division of the Federation of Industries, said that gold is an entry that preserves the value of the currency and does not consider it an investment in itself. For example, if you had a thousand pounds and you could buy a car in the past and you bought gold instead of the car then, Gold now, this may enable you to buy a car, then gold kept you the value of the currency, pointing out that the countries and people in the world keep the currencies gold hoarding to counter any decline in the currency rate.

The head of the Jewelry and Jewelery Division of the Federation of Industries for the "seventh day", gold does not bring you gains as some believe, but keeps you on your savings of money, pointing out that Egyptian families are keen to buy gold, especially in Upper Egypt to maintain savings.

In a related context, Dr. Ahmed Abdel-Hafez, Professor of Economics at the University of October, believes that the speculation in the dollar and its acquisition carries great risks due to the changing currency exchange rate, pointing out that the phenomenon of dollarization, ie, the diversion of the local currency surpluses to the dollar is almost over, Exchange in November 2016.

He pointed out in remarks to the "seventh day", that the hoarding of the dollar for the purpose of investment can not achieve gains for its owners, in a volatile market in which the currency prices of the factors of supply and demand, which leads to the continuous change in prices

– Gold