A successful investment aims to protect and diversify your savings, as well as to increase your wealth. The best asset to own for the first goal is gold. Buying and selling gold has always been profitable. Since trust in financial institutions was shaken following the 2008 financial crisis, gold now offers an alternative to stocks, shares, or government bonds.
Gold can be sold for a profit like stocks and shares, even though the long-term protection of your wealth should be the priority. When it comes to making money from gold, here are some things to consider:
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Look for the best time to invest in gold
Your ability to make money when you sell gold depends on when you purchase it. Beware of volatility. Gold is not as unstable as other assets at this time. In April of 2019, gold’s price changed only by 1.83%.
During this same period, the FTSE 100 changed by 7.59%. However, both cases offer investors a window of opportunity. Dramatic price changes can offer the perfect time to buy (if low) or sell (if high).
Using the Live gold price chart and historical gold price chart, you can see the most up-to-date price for gold and get a rough idea of its direction.
Gold should be invested at the right time for you. By setting aside your funds, you will end up with savings. With the current low-interest rates, money in the bank makes almost no money and, when you take inflation into account, it can even lose money.
Forecasts for gold prices
Gold price predictions are educated guesses. If it were possible to predict how any asset will perform long-term, there would be no risk, and everyone would be rich. But we can’t.
Short-term forecasts are easier, but even then, it can be hard to predict what might happen in the wider world that would affect the price.
An investor’s reaction to the shock decision and uncertainty of Britain’s economic future sent the price soaring in 2016, for example. A short-term forecast is more precise than a long-term one due to unexpected political announcements.
It is possible to build up an educated picture and outlook of the gold price if you stay up to date with gold news and economic trends. Some websites provide gold price forecasts for the upcoming year to make this easier for their customers.
To build a picture of what gold’s price could do in the future, investors should spend some time reading a variety of information pages and investment guides.
Buying gold coins or bars from a gold dealer is as easy as selling them back. However, gold can be used in some other ways besides investment.
Jewelry has been used for centuries. The cost of an ounce of gold varies from place to place, so even a little gold can go a long way, especially when you’re dealing with old jewelry that is out of style or damaged.
When selling gold rings or earrings, you find them in an old jewelry box, and you could make a great deal of money. It is possible to read independent reviews about how easy and safe it is to deal with them, and they pay highly competitive prices for scrap gold.
Here is what you get :
(1) 50 page eBook, How to Make Money Buying and Selling Gold.
- This eBook contains everything you need to get started. These eBooks are set to allow printing. You can print it out on your computer printer, or you can send the file to a local copy shop and they will print and bind a copy for you.
(2) Bonus Resource
- A bonus package that contains all of the ads, flyers and invitations you need to market your business. It would cost you hundreds of dollars to create these from scratch.
- List of refiners who will pay between 92% – 96% for your gold
(3) Bonus Report
- Tools of trade
- Sandwich board advertising