Published: 2019.11.15. Correction gives a chance to increase investment in gold

Correction gives a chance to increase investment in gold - 观看

Over the past few days, the price of gold has shown a noticeable decline. The current consolidation of prices in the gold market offers long-term investors a great chance to increase their investment in yellow precious metals in the form of coins and bullions.

On Tuesday, November 12, the price of gold was trading at around 1,452 dollars per ounce. Since reaching an annual maximum of $ 1,560 per ounce, which was reached on September 4, 2019, the cost of the yellow precious metal fell by -7%. The same thing happened with the price of gold in euros. Many long-term investors use such a significant reduction in prices for additional purchases of gold. It is safe to say that the moment has come for this to be quite favorable.

Those investors who have been closely following the gold market for many years already know that by the end of each year, the price of gold almost always shows a decline in quotations. For example, from November to December 2016, the cost of precious metals decreased by -9%. The following year, the decline was -8%. The previous two years have also shown autumn weakening of the gold market. However, in December, gold usually showed growth again, not to mention January, when a real price rally was observed. And this pattern has been repeated since 2014.

Therefore, given the above facts, it makes sense to buy gold coins before the start of the new year. This will be especially relevant for investors in Germany, where the country's authorities want to limit the anonymous purchase of gold to 1.999.99 euros. Therefore, the Germans will take this fact into account when deciding on the purchase or sale of coins.

In addition, fundamental factors have not disappeared. These include primarily the uncertainty in the financial markets and the situation in the global economy, and the stock market has been showing continuous growth for more than 10 years, which causes some concern. The real estate market is also overheated and is not attractive for investment. The policy of the Central Banks indicates that the purchasing power of paper money will continue to decline. In these conditions, it is investment in gold that can save long-term savings.