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Jesse Lombardi
Jesse Lombardi

Time To Buy Gold


Time To Buy Gold >> https://www.google.com/url?q=https%3A%2F%2Fblltly.com%2F2tDD4S&sa=D&sntz=1&usg=AOvVaw1o0nw6Rgi8a3NdGf94312C



Time To Buy Gold


Gold has been prized for both its monetary value and its beauty for centuries. The yellow metal is also prized for its scarcity: All the gold in the world would form a cube roughly 90 feet high, according to the U.S. Geological Service


Not surprisingly, some older adults may be considering options like reverse mortgages, cash-out refinancing and other methods to help make ends meet. Buying gold may be one option worth exploring since gold has historically been a solid hedge against inflation. When the cost of living rises, the price of gold tends to go up as well.


Is now a good time to buy gold? Are there times in your life, or this year, when buying gold is more beneficial? Let's take a closer look at gold as an investment and when you should consider buying it.


Many investors add gold to their portfolios as a hedge against inflation and a store of value (an asset that retains its purchasing power without depreciation). Gold has also historically been a strong hedge during times of financial crisis. Many experts cite the best time to buy gold as when inflation or a recession is possible since the value of gold tends to rise during these times.


Research from the World Gold Council states that when the inflation rate outpaces interest rate increases like we're seeing, commodities like gold may outshine some traditional financial assets. When the value of the dollar decreases, people seek out gold and other safe and stable places to put their money to hedge against inflation.


Consider this: The 1970s was a decade of inflation, starting with an average interest rate of 5.84% in 1970 and ending with a whopping average rate of 13.58% in 1980. During the same period, the gold value soared from $35 per share to $850 per share, according to NASDAQ data.


Traditionally, gold buyers have been older investors, but investing in gold may make sense for younger investors. For example, if you're in your twenties to mid-thirties, you have roughly 30 years before you can retire. With plenty of time to save for retirement, you can risk more than an older person might, so gold may be a more attractive investment option.


Despite the appeal of gold as a safe haven, gold may be too risky for retirees who need income-producing investments, according to AARP. Additionally, gold can experience wild fluctuations in value within a short period or limp along for years. Older investors may benefit more from income-generating investments, such as stocks that pay dividends, municipal bonds and real estate investment trusts. On the other hand, some investors may consider a small amount of gold as part of a diversified portfolio and as insurance against a severe market crash, catastrophic economic problems, or even war.


According to GoldSilver, an online precious metals dealer, the best times of the year to purchase gold are in early January, March and early April, or from mid-June to early July. These conclusions stem from GoldSilver's analysis of the average performance of gold for every day between 1975 and 2021.


Notably, the research found there are seasons to buy gold before its price rises. On average, gold prices rise during the year's first two months. Gold prices then drop off over the spring and summer before climbing again in the fall.


Gold prices constantly fluctuate, as seen on any gold price chart. The price rises and falls in response to real-time trading behavior, so pay close attention to market movements online, looking for price dips to time your buy.


If you're looking for the best time to buy gold, understand that timing the market for the lowest price is difficult. A better approach may be to buy gold in small quantities regularly. By portioning out your gold buy, instead of making one large transaction, you might be able to buy at a lower average price to maximize your returns.


When considering the pros and cons of buying gold, it helps to understand what your goals are. If it's to diversify your portfolio or to h




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