How long should I keep buying gold?
At Minted we believe gold is a great medium to long term asset that can help you boost your holdings for the future.
Alison
Last Update 2 years ago
At Minted we believe purchasing gold is a medium to long term asset. The aim of purchasing gold or other precious metals is not purely for profit-making but also as a safe haven to protect from inflation. When the rate is high any previously purchased gold/silver is now worth more.
When the purchase rate decreases now you are able to can purchase more with the same amount of money, thus lowering your average purchase price per gram.
In the past, gold prices have tended to move independently and frequently in opposition to movements in the prices of other assets. As a result, if the value of all your stocks, real estate, and other investments falls, the expectation is that the price of gold will not fall in the same way and may even rise to offset some of your losses.