Tag: gold investment

For centuries now, gold has been a symbol of prestige, power and wealth. Ancient civilizations created gold jewelry as a form of ornamentation (as do we today) and even early forms of money were created from gold. Through millennia, our love for gold and precious metals remains as strong as ever and precious metals investing is as robust now as it has ever been. It has been attracting a lot of attention and rightly so. Precious metals will almost always retain their value irrespective of the economic climate that is prevailing. Some might go so far as to suggest that precious metals are the best investment you would ever make. But that is not true. But in these times of economic volatility, it is certainly a great investment to make. Gold is as popular as ever and it attracts major investment as always, but it should not be the sole focus of precious metals investing. There are other  [...]

I have written enough about gold investment. 'Gold is good', 'Gold can bean inflation', 'It's a good investment to diversify your investment'. So, why do I write it over and over again? Because the value of gold changes over time, with change in related factors, and the effect should be visible in your portfolio. The current situation, however, is quite different. People who had invested in gold few years ago are receiving great returns. However, due to elevated prices, it's very expensive to own gold now. For instance, current price of gold per ounce is 300% more than it was 10 years ago, and it was all time high in December at 1,226.56. In recent years, billions of dollars have flowed into this investment product, as every investor wanted to be a part of this rally. And, as ever, gold is considered to be a an investment that hedges you against inflation. Since gold prices are at  [...]

As the name suggests, price of any commodity paid at the time of purchase is known as spot price. Similarly, the price of gold, any quantity, that you pay immediately on purchasing it is known as spot gold price. In some cases, price is paid a day or two in advance. In short, spot gold price is the current price of the gold in the market. Gold is one of the best investments as it provides guaranteed returns in long term. Besides, this investment helps you to hedge against inflation. A currency can be devalued by the government. The stock market can collapse due to poor economic conditions. Gold, however, is the only commodity that’s traded all over the world. Hence, it doesn’t lose value as easily as other investment products. Gold market is, however, quite volatile in short run. The spot price of next day cannot be predicted as, in short run, the prices are based purely on speculation.  [...]