If you want to protect yourself from surrounding risks, it is advisable to invest in gold. However, it is not considered the first choice if you aim to achieve long-term capital appreciation. Indeed, the price of gold has increased by an average of 36% over the past five years in Germany and worldwide. However, it is worth noting that the total return of the S&P 500 index reached 60% during the same period. Due to the constantly changing price of gold in Germany, it may not be a stable investment option. It is advisable to build a diversified investment portfolio across various sectors, moving away from relying solely on gold.