It’s always the right time to invest to create personal wealth, but a diversified portfolio is a good foundation for building long-term wealth
Gold is a fascinating element, with a strong emotional attachment as a safe store of wealth, particularly during times of crisis. As a precious metal, it’s a tangible commodity that has real value, is in high demand and has a limited supply. Gold has also become a key indicator and measure of global economic activity. At face value, these are good characteristics of any investment.
However, gold is a difficult investment to understand. Being a commodity, there is no apparent basis for determining its price other than supply and demand between buyer and seller trading in gold. This makes the decision of investing potentially riskier than traditional investment asset classes of shares, bonds, property and cash.
As the gold price is not predictable, there is no way to determine the best time to invest in gold. As a long-term investor though, it’s always advisable to have a diversified investment portfolio which could well include exposure to the precious metal. There are a number of ways to invest in gold. The best option for you would depend on your objective, needs and purpose for the investment. As a private investor, you could consider one of these alternatives to include gold in your investment portfolio:Krugerrand are a practical and affordable way to own tangible gold. Krugerrand can be purchased directly from theor through retail traders in gold coins.
It’s always the right time to invest to create personal wealth, but as a principle, I’d caution against singling out one type of investment. A diversified investment portfolio is a good foundation for building long-term wealth.
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