Invest in gold

It has been several decades since gold reached the heights it has attained nowadays.  Indeed, the price of gold hasn’t stopped rising due to different factors linked to the global economic crisis.

Throughout history, gold has enjoyed its safe refuge value status for numerous investors who see in it an efficient way to make money unlike the other markets, such as the stock market, which show some uncertainty in times of crisis. It is important to note that gold has the advantage of being totally independent of the other markets and therefore it is not rare to see the price of the yellow metal rise strongly while the classic assets fall. We recommend the following guide for more information on the gold market: Investgoldonline.co.uk

 

The reasons for the rise in the price of gold

For two years now, the price of gold has reached very impressive heights, even up to double the price per ounce. But, where does this phenomenon come from? 

The answer is to be found from various sources. Firstly, it is important to remember that the price of gold is closely linked to the American dollar. In fact, as gold purchases are made principally in dollars, so the lower the dollar, the cheaper gold becomes.

But among the causes of this rise, one also finds the rise in energy prices like oil, itself linked to the value of the dollar. However, since 2008, the Fed, the organization responsible for the American monetary policy, applies a low rate policy which makes the dollar less powerful against the other currencies; this contributes to increased inflation and therefore encourages gold purchases by the investors. As the gold market is subject to the rule of supply and demand, its price logically increases as the purchases multiply.  

Therefore, investing in gold is currently one of the best ways to make trading profits online.

 

How to invest in gold?

To start investing in gold you have the choice of different ways. The manner that comes instantly to mind is of course the purchase of physical gold in the form of ingots or coins. Although this method is fairly widespread, it does present numerous problems, the main one being the storage of the gold. Indeed, keeping gold at home is risky and the hiring of a safety deposit box in a bank represents a fairly major cost.

The best way to invest in gold is therefore not in the form of actually possessing physical gold. Of course, that is possible via your banking facility, if they offer gold accounts or investments in gold. But even here, your bank will certainly charge you taxes and diverse fees. 

To avoid unnecessary expenses, the ideal way is therefore to trade in gold yourself from your computer. In fact, most of the online brokers offer their clients the opportunity to invest only in the gold market if they wish. To do this, you simply have to subscribe to a Forex type trading platform and start trading.  

On our website you will find precious advice on learning how to trade online together with trading strategies which will maximise your chances for success. 

 

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