February 19, 2018

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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.

Gold Gains In Asia As Weak Dollar Supports Buying In Holiday-Thinned Trade - Gold prices rose in Asia on Friday as a continued weaker dollar aided sentiment even in a holiday-thinned market. Gold futures for April delivery on the Comex division of the New York Mercantile Exchange rose 0.10% to $1,356.70 a troy ounce.

Published:  Thu, 15 Feb 2018 18:48:00 GMT

Gold Once Again Presenting Major Buying Opportunity (GLD)

From Chris Kimble: Gold investors have enjoyed a strong start to 2018. After a brief pullback into early February, the shiny metal has charged higher once more. The question now: Is a major breakout on the way for gold and precious metals bulls Looking at ...

Published:  Sun, 18 Feb 2018 03:44:00 GMT

Digital Gold Vs. Real Gold: Time To Use Bitcoin To Buy Gold

While many crypto investors have coined Bitcoin as the world's "digital gold," others are growing uncertain of Bitcoin's value. Howard Wang of New York-based Convoy Investments LLC and Jeremy Grantham of GMO LLC have analyzed Bitcoin's advance ...

Published:  Tue, 13 Feb 2018 23:12:00 GMT

Futures File: Inflation stokes gold buying

New data out this week showed that prices across the U.S. economy have been rising faster than expected, news that enabled gold investors to generate huge profits. The Consumer Price Index rose by 0.5 percent in January, indicating widespread price ...

Published:  Sun, 18 Feb 2018 04:08:00 GMT

Inflation is A Currency Issue, And That Makes Gold A Buy

Regular readers will know that I have been bullish on gold, or at least its trading surrogate, GLD, on several occasions over the last year or so. The main reasons have been technical; each time the commodity has dropped to below $1200 it has looked like a ...

Published:  Wed, 14 Feb 2018 06:19:00 GMT

Gold rises as equity sell-off spurs safe-haven buying

Gold prices rose on Tuesday as a rout in global equities prompted investors to seek shelter in safe havens such as gold, although expectations of more US rate hikes this year weighed on the market. Spot gold was up 0.3 per cent to $1,342.95 per ounce at ...

Published:  Tue, 06 Feb 2018 02:46:07 GMT

PRECIOUS-Gold up on safe-haven buying as equities drop

Feb 9 (Reuters) - Gold prices edged up on Friday, recovering from more than one-month lows as tumbling equities markets pushed investors into safe-haven assets, but a firmer dollar and worries about rising global interest rates kept gains in check.

Published:  Thu, 08 Feb 2018 17:54:00 GMT

Ex-Googlers strike startup gold - again - with $1.9 billion sale to drugs giant

Before graduating from the Pennsylvania business school in 2008, they began work on the advertising-technology startup, Invite Media, that they would sell to Google in 2010 for a reported $81 million. Mountain View search and digital-ads giant Google ...

Published:  Fri, 16 Feb 2018 08:46:00 GMT

Is Now the Perfect Time to Be Bullish on Gold

They are going to sell their profitable, liquid trades and that is gold." Looking ahead, while gold prices could continue to push lower in the near term, Weinberg said that it wouldn't take much for gold to regain its safe-haven luster. He added that he ...

Published:  Sun, 11 Feb 2018 10:58:00 GMT

Gold rises as equity sell-off spurs safe-haven buying

US gold futures were up 0.4 per cent at $1,342 per ounce. Gold prices rose on Tuesday as a rout in global equities prompted investors to seek shelter in safe havens such as gold, although expectations of more US rate hikes this year weighed on the market.

Published:  Tue, 06 Feb 2018 05:22:00 GMT

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