When's a Good Time to Buy Gold? It Could Be Now.
Gold prices are on the rise, but that isn't the only reason to buy. Here are a few issues to consider when deciding to make that shiny metal purchase.
Even though the price of gold is—as of the first quarter of 2016—on the rise, that shouldn't necessarily be the deciding factor for those interested in buying. Whether you want to buy gold coins, bullion, or bars, if you want your purchase to yield the most long-term security, you'll want to take the following conditions into account.
Buyer Objectives
Why do you want to buy gold? One of the biggest mistakes that buyers make is failing to buy in accordance with their aims. Buyers whose goal is to be made rich through their gold purchase are going to have vastly different buying strategies than the buyers who are looking for either portfolio diversification or a form of relatively low-risk insurance against inflation.
Wall Street Fluctuations
When investors go into a panic, they very often sell their foundering stocks and purchase gold. Even when the economy goes into a tailspin, gold prices typically remain stable, but the sudden aggressive purchasing can cause them to rise, sometimes dramatically.
Global Tension
There's a reason gold is often called a "crisis commodity." Gold is one of the few commodities that retains value through both financial and political crises. Although it is extremely difficult—if not impossible—to predict the full impact of either an economic depression or international hostility, being in possession of physical gold could be a fantastic hedge against financial instability.
There are no hard-and-fast guarantees when it comes to buying gold, but with a little foresight and an eye towards long-term security, you can have a pretty hefty golden nest egg.
Gold prices are on the rise, but that isn't the only reason to buy. Here are a few issues to consider when deciding to make that shiny metal purchase.
Even though the price of gold is—as of the first quarter of 2016—on the rise, that shouldn't necessarily be the deciding factor for those interested in buying. Whether you want to buy gold coins, bullion, or bars, if you want your purchase to yield the most long-term security, you'll want to take the following conditions into account.
Buyer Objectives
Why do you want to buy gold? One of the biggest mistakes that buyers make is failing to buy in accordance with their aims. Buyers whose goal is to be made rich through their gold purchase are going to have vastly different buying strategies than the buyers who are looking for either portfolio diversification or a form of relatively low-risk insurance against inflation.
Wall Street Fluctuations
When investors go into a panic, they very often sell their foundering stocks and purchase gold. Even when the economy goes into a tailspin, gold prices typically remain stable, but the sudden aggressive purchasing can cause them to rise, sometimes dramatically.
Global Tension
There's a reason gold is often called a "crisis commodity." Gold is one of the few commodities that retains value through both financial and political crises. Although it is extremely difficult—if not impossible—to predict the full impact of either an economic depression or international hostility, being in possession of physical gold could be a fantastic hedge against financial instability.
There are no hard-and-fast guarantees when it comes to buying gold, but with a little foresight and an eye towards long-term security, you can have a pretty hefty golden nest egg.