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Anonymous
Would now be a good time to invest in gold?
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Colin Lim
12 Apr 2020
Financial Services Consultant at Colin Lim
Physical gold? Anyway gold price hardly drop much.. Investors buy gold to diversify risk. You can see how gold fare during this crisis.
It is good to invest gold at anytime... I personally like gold... My wedding band is gold.
Isit a good time to buy gold? Unless you are trading gold.. Gold is on a bull run...
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Personally, not really a fan of gold. Gold has no intrinsic value, its value stems from people's perception of it. Gold doesn't pay dividends and it only shines during bad times when investors look for safer haven to deposit their money elsewhere.
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Hariz Arthur Maloy
05 Mar 2020
Independent Financial Advisor at Promiseland Independent
Like all investments, if you're timing the purchase of gold then I wouldn't recommend it.
Gold and other Commodities should already be part of your everyday asset allocation.
But the idea of gold is that it provides negative correlation to USD. And while common, it is not always that when markets don't do too well, USD also drops.
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Critics say that you receive no dividends and incur fees for storing and safety, true.
as i feel th...
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Yes, it's a best investment. A gold IRA is a popular way to diversify your investment portfolio while enjoying tax benefits and protection against inflation. If you interested in gold IRA investment, give a read to this post: https://www.moneycontrol.com/news/brand-connect...