A liquid asset worth its weight

When it comes to investing, the liquidity of an asset — i.e. its ability to convert into cash without losing money against the market price — is key. Gold is one of the world’s most liquid assets.

Over the last decade, new investment vehicles have made buying into the precious metal easier than ever, with average trading volumes reaching over $180bn daily in 2020 — a sum not far behind the S&P 500 and more than US treasury bills.

Get the latest trading volumes data on Goldhub.