Gold is one of the best investments that anyone can make in their portfolio. There are a variety of financial benefits to purchasing gold, and many investors purchase the precious metal in bad economic times. However, the best time to purchase gold is when everyone is happy with the current economic situation. For example, a year before the last economic crash, gold was trading below $500 an ounce. During the recession, gold would eventually rise to over four times that level. Buying gold can be done through an index fund or through physical gold bars. There are advantages to owning both kinds of investments. George Soros recently surprised investors by saying that he is investing in more gold. This means that he is worried about the current economic situation around the world.
Even though he is wealthy today, George Soros did not come form a wealthy family. He would move to England when he was young, and he was able to get into a great university. Even though he did not study finance, he quickly fell in love with trading and the markets. He quickly advanced within his career, and he was able to build up a huge investment portfolio that he manages to this day. He is very active in politics around the world. He is never afraid to speak his mind, and he generally has liberal thinking on political subjects. Before the last recession, George Soros was saying that he believed the market was about to crash. With this latest signal of buying gold, investors are watching the markets carefully. Know more about George Soros on CNBC.
Buying Gold Advantages
Anyone who wants to buy gold needs to understand why it makes since to do so from an investment perspective. Buying gold is relatively easy to do, and can be completed entirely online. In years past, a person would have to look for gold bars to purchase in order to invest in gold. Over the long term, gold has been an investment that yields returns below the market. However, it is a great hedge against bad economic times or rising inflation. Gold generally moves inverse to the overall market. This means that investors can take advantage of gold by purchasing the precious metal when economic times are good and selling when things get bad.
Future Economic Moves
Over the next few months, it will be interesting to see what happens in the overall economy. There are a lot of people who are worried about the economy, and this is outside what happens in the election.
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