Gold is undoubtedly one of the strongest investment options available, particularly for those seeking higher returns with little risk. This is why it is viewed as a safe harbour asset among investors. However, there are various reasons why it has been given the specific term. Gold is widely seen as a safe space in times of economic or political turmoil because, unlike fiat currencies or other credit-risk commodities, it is not in danger of becoming useless. For many years, gold has been seen as a reserve currency, and since it has traditionally retained its worth over time, it has been used as a type of protection against catastrophic economic occurrences.
