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Reasons To Buy Gold Now

 

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Reasons To Buy Gold Now

The price trend for gold in recent years has produced quite a roller-coaster of a ride, with values as high as $1,800 per ounce and more. Even at its lowest values in 2012, gold was still above $1,500 per ounce. Gold has been on a 12-year high which doesn't seem to be ending anytime soon.

Although the price of gold can fluctuate wildly from year to year, the recent trend has been a steady increase in value and record-breaking prices.

One of the biggest reasons to invest in gold right now is that, unlike other forms of currency or investment options, gold holds its value. It is not subject to inflation or uncertainty about the global economy. The only threat to the value of gold is a strong paper currency. While the U.S. Dollar has gained back some of its lost value over the last year, it still is too low to be a real threat to gold at this time.

In a recent report, the World Gold Council said it predicts the gold market will continue on its "bullish" trend. The report indicates that the annual total of 534.6t "represented the greatest level of demand (for gold) since 1964 as the net of central banks adding to their gold reserves was cast wider, reaching Brazil, Iraq and Venezuela". In a financial environment where countries are engaged in a staunch competition to devalue their respective currencies, central banks will continue to seek financial refuse in gold.

Investment firms also are driving the trend toward more gold investment, with bold predictions that the price of gold per ounce will only continue to climb. Big-name players such as Merrill Lynch and money manager Peter Schiff have called for prices to rise anywhere between $2,300 and $5,000 and more over the coming months and years.

Aside from the bold predictions about the future value of gold, there are other reasons why investors should consider placing their money in this precious metal.

One of the biggest reasons to invest now is because of the rules of supply and demand. Goldman Sachs estimated that the production cost for gold is around $750 per ounce. That is far less than its current worth, making it a prime investment at this time. However, as demand for a product grows, so does production of that product, creating a supply glut that eventually will bottom out the price of gold. It is best to buy gold and cash in now before this happens.

Another reason to invest now is the stock market. From 1999 to 2006, the price of gold soared. The time period when gold realized its biggest increase in value was from 2000 to 2003 when, coincidentally, the stock market was crashing. When the market crashes, and the value of traditional stocks and bonds bottoms out, investors look for a stable place to put their money.

Fantasy Baseball: Sell high on these eight Fantasy fool's gold players

These eight look like they've turned over a new leaf, but don't be fooled, says our Scott White. More Fantasy Baseball: Hernandez, O'Neill show upside on the wire "Now you're looking for the secret, but you won't find it because, of course, you're not ...

Published:  Thu, 19 Apr 2018 15:19:00 GMT



Gold declines, heads for narrow weekly drop

action in Syria over a suspected chemicals-weapons attack and jitters over still-simmering trade conflicts have formed a cocktail of geopolitical worry that has underpinned buying in gold, which tends to prosper in such uncertainty. For now, those worries ...

Published:  Fri, 20 Apr 2018 07:43:00 GMT



An Equity/Risk Asset Sell-Off Now, Then A Major Trough Is Due In Late April-H1 Of May: Actionable Ideas To Profit From Those Moves

What we are looking for is a break out and a consolidation flag to go long. That would constitute a buy setup. Gold trade based on models: Depending on your trading or investing style, this is how to interpret what the liquidity model is seeing in the spot ...

Published:  Fri, 20 Apr 2018 09:39:00 GMT



Illegal gold miners invade Grace Mugabe's farm amid legal dispute

Slideshow (5 Images) "We would not want to get involved in the disputes, that area is covered by the Ministry of Mines which issues mining licences," Fidelity head of gold operations Mehluleli Dube said. "Ours is to buy gold and we have agents in ...

Published:  Fri, 20 Apr 2018 04:57:00 GMT



Gold advances on technical buying, light safe haven demand

Gold prices rose to a one-week high on Wednesday on technical trading and some safe-haven demand even as the dollar held on to gains and stocks rose on risk appetite. Spot gold was up 0.09 percent at $1,348.17 per ounce April 11 at 3:56 p.m. ET, while U.S ...

Published:  Wed, 18 Apr 2018 13:06:00 GMT



How to Look After Your Gold Coins & Bullion

When you buy gold bullion and coins, you're buying them primarily for their value rather than their gorgeous appearance. Their appearance doesn't really affect their value, either, but excessive damage can reduce their selling price, especially when it ...

Published:  Fri, 20 Apr 2018 05:00:00 GMT



Dynacor Gold Mines : ANNOUNCES SHARE BUY BACK PROGRAM

MONTREAL - Dynacor Gold Mines Inc. (TSX: DNG) (OTC: DNGDF) (Dynacor or the Corporation) is pleased to announce that the Toronto Stock Exchange has approved the Corporation's request to establish a normal course issuer bid share buyback program, through ...

Published:  Fri, 20 Apr 2018 01:17:00 GMT



Gold Stock on Verge of Breakout from Long Downtrend

April 19, 2018 (Investorideas.com Newswire) A gold company active in Fiji is on technical analyst Clive Maund's radar screen as a buy. Lion One Metals Limited (LIO:TSX.V; LOMLF:OTCQX) is looking more and more positive here. It will be assumed by many ...

Published:  Thu, 19 Apr 2018 07:37:00 GMT



Gold miner Caledonia plans Zimbabwe expansion

LONDON (Reuters) - Caledonia Mining (CALq.L) plans to buy gold assets in Zimbabwe and increase its stake in the Blanket mine after the removal of the country's tough ownership rules. Keen to attract investment to revitalise the country's struggling ...

Published:  Fri, 20 Apr 2018 08:45:00 GMT



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