According to GoldSilver, an online distributor of precious metals, the best times of year to buy gold are early January, March and early April, or from mid-June to early July. You can see that, on average, gold tends to rise during the first two months of the year. The price cools during spring and summer and rises again in autumn. The gold market narrative has been driven by the contrasting effects of persistently high inflation and rising interest rates by central banks in response.
For those looking to invest in gold, GoldSilver offers a wide range of products, including a Gold IRA kit, to help you get started. Whether you buy gold and silver coins or store part of your wealth in the form of ingots, you can be sure of a steady increase in the value of your assets. We calculated the average profit and loss for every day of the year since 1975 (when it was legal to buy gold again in the US). US) and placed it on a graph. The price of physical gold and silver in the form of ingots and coins is closer to the price of the commodity market.
Remember that gold is inversely correlated with other investments, including stocks, so you must have a significant amount of ingots before a stock market selloff occurs. Since 1975, the first half of the year has been clearly weaker than the second half and therefore the best time to buy. People looking to protect their retirement funds could benefit from researching gold and its potential impact on their portfolio. As the son of an award-winning gold digger, with family-owned mining claims in California, Arizona and Nevada, Jeff has deep roots in the industry.
A recession would favor gold prices, but the sharp rise in interest rates used to deal with inflation has so far limited the rise of the precious metal. If not, I encourage you to buy physical gold and physical silver now to protect your family's wealth. Some investors may choose to maintain some exposure to gold in their portfolio to diversify, as a protection against the fall in stocks and bonds. While gold and silver bars should be considered long-term holds, there will come a time when you'll want to sell.
You can buy physical gold bars and coins or “paper gold” in the form of a gold ETF or shares of a gold mining company. Every investor should research their own unique situation to see if having gold is the right option for them.