Is Gold A Solid Investment?
So is Gold a good investment? The easy answer is - YES. why do you ask?
if you look at the Gold price today, you could think "hey, this is too fickle for my blood". and looking at the chart, you'll be correct.
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| Gold chart today |
see the chart here:
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| Gold chart past month |
You can see that the price of gold went up a little, but then spiraled down.
But - as it is with all long term investments. you need to look at the long term trend. and be pacient.
so for example - if you look at the price of gold in the past year and even further - the past 5 years. you'll see a different story:
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| Gold chart past year |
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| Gold chart past 5 years |
Professional traders knows how to identify the turning points in the price, and capitalize on them. which can generate good profits. but that means that anyone who does that HAVE to know what he or she is doing or at least get the help of anyone who does.
but if you are looking for a solid long term investment, this could also be a good option. since the trend of gold price is pointing higher. so the price ends up higher then it was before almost all the time, when it experiences the climb again. and the low points are also higher then their counter parts.
So if you want to gain some education or even an assistant for identifying those turning points. you could choose a regulated broker like Legacyfx.com
(full disclosure, any person that actively starts using their platform. they pay a comission for the referal)
if you want to look at this as a long term investment then you could still do it via similar brokers, or go to your bank :)
