Buy Gold Dinar
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It's not too late whether you are young or old or those with family responsibilities or who are getting closer to retirement. One of the primary reasons why you should be holding gold and silver is to protect your wealth, hedge against inflation, and more importantly to have financial independence have enough money to live off for the rest of your life.
As suggested by the expert start saving as early as possible. In fact, I know someone who already holds 3 kg of Gold Bullion at the age of 27 years old. "I start buying gold bullion since my study at Polytechnic," He told me.
Gold is an investment that is expected to retain its value or even increase its value in times of market turbulence. The uncertainty of geopolitical and financial instability are the main reasons why you should hold in physical gold.
For example, gold prices experienced some major price movements this year in response to the crisis occurring in the European Union. Its price often rises the most when confidence in governments is low. Another good example of the tension between North Korea and the US Government.
Investing in gold may not be for everyone, but it is an appropriate consideration for many investment portfolios. Gold prices will always run into ups and downs in short and medium trading but gold is one of the safest investments in the world for long-term investment. You can observe the price of gold as of below example, can you Guess what will be the price of 1gm Gold in 2022?
For thousands of years, investors have viewed gold as one of the best stores of value. Unlike paper currency or other assets, gold has maintained its value throughout the ages. The price of gold will never go Zero. Gold can be used as a long-term saving plan for your children's education, buying your dream house, saving for a dream holiday many more.
Besides lands and real estate gold is also considered a tangible asset that one must keep for long-term investment. People see gold as a way to pass on and preserve their wealth from one generation to the next. Expert has said to keep 10% of our net worth asset in physical Gold.
Gold is an asset that can be exchanged for cash easily. If you need money you can sell your gold either at a pawn shop or sell it to a bullion store. All gold shops will accept your gold as long the gold is genuine. My advice is if you want to get a better price, sell back your gold at the same gold shop you bought it before. If you want to make a loan you also can pawn your gold at any pawnshop or Ar-Rahnu the Islamic pawnbroking.
The modern Islamic gold dinar (sometimes referred as Islamic dinar or Gold dinar) is a projected bullion gold coin, so far not issued as official currency by any national state. It aims to revive the historical gold dinar which was a leading coin of early Islam. The currency might consist of minted gold coins (dinars) or of silver coins (dirhams).
According to Islamic law, the Islamic dinar is a coin of pure gold weighing 72 grains of average barley. Modern determinations of weight for the "full solidus" weigh 4.44 grams at the time of Heraclius and a "light solidus" equivalent to the weight of the mithqal weighing 4.25 grams. With the silver Dirham being created to the weight ratio of 7:10, yielded coins of 2.975 grams of pure silver.
The Revelation undertook to mention them and attached many judgements to them, for example zakat, marriage, and hudud, etc., therefore within the Revelation they have to have a reality and specific measure for assessment of zakat, etc. upon which its judgements may be based rather than on the non-shari'i other coins. Know that there is consensus since the beginning of Islam and the age of the Companions and the Followers that the dirham of the shari'ah is that of which ten weigh seven Mithqals weight of the dinar of gold... The weight of a Mithqal of gold is seventy-two grains of barley, so that the dirham which is seven-tenths of it is fifty and two-fifths grains. All thes