Gold's been all over the news ever since countries started to stockpile more of it (due to rising geopolitical tensions). It went almost past $2,800 only to go back to $2,668.
I wonder if I should get in now, or wait a little further? At the pace Gold is going, I think it will reach $3k soon. However, Trump's promise to end wars might put a stop to the craze. At least, temporarily.
What are your suggestions/recommendations? Your input would be greatly appreciated. Thank you.
I wonder if I should get in now, or wait a little further? At the pace Gold is going, I think it will reach $3k soon. However, Trump's promise to end wars might put a stop to the craze. At least, temporarily.
What are your suggestions/recommendations? Your input would be greatly appreciated. Thank you.
If you are planning to hold for the long term and not just speculate. Given a stable asset and price increase over time like gold, I think you should buy and accumulate whenever you have money instead of waiting because gold will not be sold off like bitcoin.
Gold is not like bitcoin, don't think that gold will increase in price during economic turmoil because the demand for safe havens increases and gold will be sold off during economic stability. That may be partly true because that's how smart investors take advantage, but demand for gold isn't just down to investors. Industries and especially central banks always have a demand for gold regardless of the economy. That is why every year tons of gold are mined and added to the supply but it is still not enough to meet the world's demand for gold.