Post
Topic
Board Economics
Re: Is now a good time to buy Gold?
by
Lida93
on 20/01/2025, 16:14:37 UTC
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.
Gold has been a great investment choice to both individuals and governments and it has continued to be a precious and valued asset  that people hedge their money in against inflation especially in war periods. The news about Trump having to end most of the geopolitical wars could have been the reason behind the fall from 2,800 to 2,668 and all things being equal should Trump be able to fulfil in the peace promised then you should expect the gold price fall further than the figure you have in the OP. Maybe you should hold some breaks right now and watch how events goes to know if it's still bright to go in or not. But why not take advantage of the highs bitcoin is making to earn some profits than waiting on gold.