We are certainly living in unprecedented times, as the coronavirus sweeps across the planet, causing economic devastation in its wake, and many small investors are wondering whether or not to make any changes to their portfolio. If you take a look at the history of the economy, when things become unstable, people tend to take their wealth out of fiat currencies, in favour of gold, which has a great track record for stable prices.
Studying the Gold Market
The Internet is a great resource that allows you to gather data on gold prices. You can check with respected dealers such as City Gold Bullion for the latest bullion gold prices, you are sure to get the best prices if you are looking to invest in gold bullion. If, for example, you are holding stocks or shares in a company that is not fairing very well because of the lockdown, now might be the best time to sell and reinvest some of the capital in gold bullion, which has a track record for holding its value in times of uncertainty.
Monitor Stock Markets
In order to maximise the data, you should be looking at stock markets around the world and how they are performing, and if your share prices are falling, why not sell while you can still get a return and move your money into something tangible like gold bullion? All you need to do is search online for a local gold bullion dealer and check the spot price daily, and if you think the price of gold is on the up, make a purchase now.
Long-Term Forecasts for Gold
Some experts are predicting we shall see $ 2,000 per ounce sometime in 2020 and as many investors move their wealth to gold bullion, this will result in the price of gold rising. Moving your wealth into gold is one way to minimise risk, and if you would like another perspective on investment, there is another article online on why it is a good idea to invest in gold during a pandemic, which is a must-read for any novice investor.
Hedge Against Inflation
Gold has long been a hedge against inflation for investors of all kinds, as currencies under-perform, and if you have shares or are holding large amounts of fiat currency, now would be a good time to turn that into gold bullion. A quick Internet search will take you to the website of a reputable gold bullion dealer and they offer the best deals, and you can arrange to visit their offices and make the transaction.
Physical Possession
When looking to acquire gold bullion, it’s crucial for you to have physical possession of the gold, rather than accept a promissory note. Any reputable gold bullion dealer would have gold bullion from an ounce to a kg, plus they would have a collection of gold coins, should you wish to store your wealth in coinage.
If you are concerned about your investment portfolio, perhaps it is time to switch to gold bullion, at least until the global economy recovers, and with online gold bullion dealers you are assured of the best deal.
