Time and time again, gold has proven to be a reliable form of money. Its physical properties and intrinsic value make it a financial safe haven, and it has repeatedly offered financial cover during uncertain times. The problem, however, is that we often assume only the ultra-rich can access the precious metal, when in reality, it’s available to everyone.

One survey reveals that a mere 12 percent of the American population own gold, and yet, there are hundreds of websites, brokers, and other channels to buy it.

Particularly in the COVID-19 pandemic – where the importance of financial resilience for people across all income brackets has been brought to light – owning and saving in gold can be a smart and stable way to be prepared against unexpected expenses.

It’s time for gold to be fully democratized and for everyone to know that they can harness its benefits. Here’s how to save in gold, whatever your income:

Understand the threat of inflation

Many people assume that saving can only be done with fiat currencies via a bank. This simply isn’t true, and in fact, saving in cash can actually mean you lose money. Inflation takes place all the time for a number of reasons – predominantly due to decisions made by governments, and financial institutions – and essentially dilutes how much your money is worth. For instance, if you put $100 in a bank account, there’s a strong likelihood that in a few years (months even), it won’t be worth the same as it was the day you deposited it. That’s not to say that your account will go down in numbers, but that the money you have in it won’t be able to buy the same number of goods that it used to.

Gold can be a smart alternative because it holds its value and is more resilient than paper currencies. According to a report by the World Gold Council, gold “is a ‘real’ asset that lacks credit or default risks”, and so in times of inflation, gold is one of the few assets that actually increases in value.

Start small

While gold tends to conjure up images of vaults with towering stacks of the precious metal, it is around us in daily life more than we realize. Gold comes in all shapes and sizes – you can buy gold coins, jewelry, bullion, and stocks. You therefore aren’t limited to an expensive purchase to start your savings journey with gold.

Begin by doing a deep-dive of your finances. Look at how much money is coming in on a monthly basis, versus what’s going out. Try to identify areas that can be trimmed back or that you can substitute for a gold purchase. For example, if you’re spending $30 a month on coffees, consider getting a thermos to make your drinks at home and take out with you. You can then use the money you’ve saved to get gold in small increments.

Through the CORO app, you can directly exchange U.S. dollars for gold – meaning you have complete control over the amount you want to save and when. By building up a routine where you set aside a few dollars to buy gold, you’ll soon have significant gold savings to fall back onto if you need it. What’s more, gold prices have been increasing during the pandemic, so there’s a good chance that your savings will eventually be worth more than the amount you paid for them.

Keep it simple

Saving is a crucial part of life, and saving in a new way can certainly be overwhelming – especially if you feel like you’re not seasoned in the space. That said, you don’t have to be a gold expert to identify a good deal and a safe way to buy gold.

The U.S. mint is always a top starting point, as it’s an official, trusted source where you can buy gold coins. JM Bullion, Money Metals Exchange and Dillon Gage (Coro Global Inc.’s official gold provider) are also credible.

A more simple and modern option is through digital services like the CORO app, where in a matter of steps, you can buy gold using money from a connected bank account. You then have a clear overview of how much gold you own, along with the daily rate for the price of gold. Not to mention, CORO runs on one of the world’s most secure payment technologies, so all transactions are verified and protected.

The best thing to do when saving in gold is to find a platform that you’ve researched and feel confident is safe, and that offers prices, amounts, and maintenance services like insurance, that work for your specific financial situation and preferred way of saving.

Automate your savings

One of the best habits to develop when saving in gold is to make the process automatic. Just like a direct debit that is taken out of your bank account on a regular basis, you can make buying gold an ongoing process that doesn’t impact your livelihood. Naturally, you need to figure out an amount that you can realistically convert into gold per week or month. Fortunately, there are plenty of support resources to help with this process, such as free counseling from the Financial Planning Association and a whole host of free online budgeting tools.

Although you will have to manually purchase gold, if you get into the mentality that every first Monday of the month (for example), you’re going to save $100 in gold, you’ll naturally adapt to living without that money burning a hole in your pocket.

Considering many of us rely on special occasions for a gift that boosts our savings, another advantage of CORO is that customers can send gold to others as a present. Rather than having to deposit cash and being tempted to spend it, gold transfers automatically arrive in a customer’s gold account, so saving is streamlined.

No matter your income, there are pathways to build a strong financial foundation and save for the future – and gold can be one of the routes to do so. Saving in gold is not only effective for the long-term, it’s a step towards shielding yourself from the worsening cracks in the existing financial systems.

No longer is gold kept for the few. It’s not even for the many – it’s for all.