The most important part which deals with – “How to invest money in gold.” Well, there are some conventional and modern types of gold investments preferred by people.
Why Invest in Gold
1. Gold Is Money
2. Gold Investments Cannot Go Bankrupt!
3. Gold Investments Act as an Inflation Hedge
4. Gold is a Tangible Asset
5. Gold is Highly Liquid
6. Risk-Reduction and Wealth Creation can be Achieved With Investing in gold
7. Gold Can be Your Saviour
Gold prices rose by as much as 1% on Thursday to trade near record highs as safe-haven demand from persistent geopolitical concerns bolstered prices, while palladium saw an 8% surge on concerns of supply sanctions on top-producer Russia.
Spot gold was up 0.7% at $2,736.16 per ounce, having retreated from a record high of $2,758.37 on Wednesday. U.S. gold futures were also 0.7% higher at $2,749.1.
What we’re really seeing is gold continuing to be viewed as a quintessential hedge against inflationary pressures along with the safe-haven demand and fund inflows, gold continues to be extremely well supported.
“Uncertainty leading into the U.S. election is one additional pillar of support for the gold market, given the unease that the market may be feeling going into the election.”
Expectations of further monetary policy easing by central banks and gold’s historical reputation as a hedge against economic and political uncertainty have boosted prices over 33% so far this year, hitting multiple record peaks along the way.
The United States asked the Group of Seven allies to consider sanctions on Russian palladium and titanium.
Palladium jumped 9.3% to $1,155.95, having surged as much as 9.4% to its highest level since December 2023.
Spot silver slipped 0.2% to $33.67, having hit its highest since late 2012 on Oct. 22. Platinum rose 1.3% to $1,028.75.
Silver is the poor man’s gold. I think there’s significantly more upside price potential for silver, while gold is at a record high or not far below it, silver is still well below its record high. Says Kitco Metals
Invest in Gold And Your Future is Gold.
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