Investing In Gold 2017

Find out whether gold can live up to the hype.

Investing in gold 2017. 2016 was a strange year for gold in the first half of the year a massive bull run brought the price of an ounce near 1 400. Economy is firing on all cylinders heading into 2018 but investors are still less than a decade removed from one of the most horrific market crashes in history. A big contributor to its rise is the large inflows into gold exchange traded fund s gold etfs. The final reason investing in gold simply isn t a wise idea is its extreme inefficiency.

If you are purchasing gold for your retirement account you must use a broker to buy and a custodian to hold your gold. Gold mining stocks however are active businesses and although their. My first chart is a 2 year weekly that shows how gold has spent much of 2017 consolidating. The problem with directly investing in gold is that the metal doesn t produce any income.

Apr 24 2017 at 9 38am. If you do decide to purchase physical gold make certain you are buying from a reputable dealer. Buying gold is a popular. Investing in gold whether the physical metal or gold related securities is a complicated decision and not one to enter lightly.

But then in the summer the bottom fell out on this rally and the. Coins containing gold appeared around 800 b c and the first. Since it is a physical asset that people have a tendency to hoard there are storage costs and often. Gold is respected throughout the world for its value and rich history which has been interwoven into cultures for thousands of years.

Gold s appeal dates back thousands of years and investors now have several different options when it comes to investing in the royal metal.