Gold has been used regularly as a currency since history has been recorded. In times of market uncertainty, investors tend to move their money into gold. It’s always going to hold value as it is used in so many industries including technology, fashion and others. So, is right now a good time to invest in gold?
Gold Bullion
Probably the most common physical investments when it comes to gold is gold bullion. Buying a gold bar may look pretty impressive but it isn’t necessarily practical. After all, if your entire investment is tied up in one gold bar, it’s pretty difficult to sell say 12% of it. So, it is a smarter investment to go with bullion in smaller quantities such as coins or small bars if you’re looking for liquidity. One of the driving reasons for investing in gold is political uncertainty and considering the current trends worldwide, gold is definitely a strong investment. You can take a look at City Gold Bullion and see the different types of bullion available for purchase.
When Does Gold Usually Go Up In Value?
Typically, the price of gold increases in response to events that cause the value of traditional paper investments to drop. Where paper investments can garner short term gains, gold is an excellent long term investment since it is so heavily relied upon in many industries. You’re not going to see crazy 120% overnight windfalls like you do when investing in startups, but you will know your money is safe in the long term and can likely reap the benefits of well-timed trading. It is also unlikely to see a massive double digit dip in the value of gold with most declines staying in the 2-9% range. In the world of investment, there is no sure bet, but gold is certainly on the stable end of the spectrum when compared to other commodities such as steel, which is heavily beholden to industries such as development.
Why Gold Now?
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There is no doubt that we currently live in increasingly uncertain times. People are up in arms over their leadership in many major countries, the market has become increasingly volatile in the face of a worldwide crisis and even the earth itself appears to be rapidly changing. However, that is not going to take away our growing need for things that require gold such as computer chips. Gold is essentially used everywhere in some way, shape or form. So as the markets go crazy with the rest of the world, gold is an increasingly safer investment day by day. Contact a respected dealer today and start investing in stability over the long term.