When Should You Buy Gold? | Insider Tips | Updated For 2024 (2024)

1. Best Time to Buy Gold Based on Market Fundamentals

A good time to invest into gold can be during economic downturns, high inflation and geopolitical unrest.

In times of economic uncertainty or financial crisis, gold serves as a reliable hedge against inflation. Timing is about stacking the odds in your favour. By looking at market fundamentals and historical trends, you can choose to invest in assets like gold, which are likely to perform well during certain periods.

Unlike cryptocurrency, gold has existed as an investment for centuries, so we’re able to see how gold has performed before to help predict how it might perform over the next few years.

Gold has a long history and track record, making it easier to predict its price performance based on past trends. As a safe-haven asset, investors often turn to gold when the economy is struggling, stocks are falling, and inflation is rising.

Geopolitical tensions can significantly impact gold prices, making it a more attractive investment during uncertain times. Events such as wars, elections, or economic sanctions can create instability, driving investors towards safe-haven assets like gold. Being aware of the global political climate can help you time your investment to capitalise on these price spikes.

Insider Tip:

If you feel the economy is set to struggle, it could be an ideal time to buy gold. But timing is crucial, and being ‘ahead of the curve’ will separate really successful investors from the rest. Buying gold towards the end of a bearish economic cycle will mean that most of gold’s profits during that cycle will already have been missed.

If you believe in the long term status and growth potential of an asset, then buying when investor interest (and prices) in that asset are low, will yield better returns than investing when everyone else is. Counter intuitively, the optimum time in the economic cycle to buy gold can be when its price is floundering and no one else sees the economic crash around the corner.

When Should You Buy Gold? | Insider Tips | Updated For 2024 (2024)

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