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Why it Might be Time to Consider Trading in Gold
When it comes to investments, there are so many options to pursue that it might seem difficult to know where to focus. However, one investment has always stood out, both for its lustrous appearance and high levels of stability: gold.
Throughout history, gold has been considered a storehouse of income for individuals and entire nations. Along with silver, it is regularly chosen by investors during booms and in times of economic uncertainty. If you aren’t already trading in gold, it might be time to consider this precious metal.
Recent Gold Performance
Commodities and currencies are experiencing an extended period of volatility. Gold, on the other hand, continues to perform over substantial lengths of time. Looking at its value per Troy Ounce, we can see that it reached a high of €1,130.57 in May 2018. It started the year strong and continued even stronger, with only a dip in September before it recovered quickly and gained lost ground.
Why is Gold so Popular?
As mentioned before, the use of gold as an economic placeholder stretches back through the ages. Cultures on almost every continent traditionally hold this precious metal in high regard and use it as a means of passing on wealth. This creates the impression of permanence that many other investments lack.
Gold is also considered to be a way of hedging against the effects of inflation, because its price tends to increase when the cost of living rises.
Another reason that gold holds its value, and therefore attracts investors, is that its supply is constrained. Demand may increase, but the amount of gold available in the world is usually limited, ensuring that it will always be valued.
When is the Best Time to Trade in Gold?
You might think that the best time to trade in gold is during a geopolitical crisis. While this may be true to a certain extent, there are also plenty of ways to profit from this precious metal at any time of year, as it is regularly traded.
By investing in gold now, you might be in a good position to benefit when its value increases in the long term. Another strategy could be to trade gold in the short term to benefit from any temporary fluctuations that may occur.
What is the Best Way to Trade in Gold?
It is a good idea to opt for a reputable trading platform like Equiti to buy and sell gold, silver and other precious metals. This way you will be able to trade when you want, using the latest technology and benefitting from technical support. If you are new to trading, it might also be an idea to apply for a demo account and test your strategies without risk.
What is the Future of Gold as an Investment?
While it is true that gold can be volatile in the short term, it has generally maintained or even increased its value over long-term periods. In other words, this is an investment that stands the test of time. It is due to this quality that the future of gold trading remains bright. There is no telling what political or economic events might be around the corner, but to hedge against them there is always gold.
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