How to Invest in Gold Properly: Everything You Need to Know

sadiksojib35 · Post by **sadiksojib35** » Mon Jan 06, 2025 4:35 am

CEO of the European broker Mind Money

In times of uncertainty, investing in gold serves as a safe haven for investors looking to minimize risk.

Despite its relatively low yield during calm periods, in times of turmoil the yellow metal shows growth, which makes the asset attractive from the point of view of yield.

Against this background, the question arises: is it belgium whatsapp phone number worth investing in gold? Yulia Khandoshko, CEO of the European broker Mind Money, answered it.

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Content

Change in dollar prices of gold
How profitable is it to invest in gold?
How to invest in gold
"Gold" ETF (Exchange-Traded Funds)
Gold Mining Stocks
Futures
How to buy or sell gold
Physical gold
Unallocated metal accounts (UMA)
Pros and Cons of Investing in Gold
Advantages of investing
Disadvantages of investing
Should I Invest in Gold?

Change in dollar prices of gold
The precious metal has been growing for several months now and will continue to set new values. Thus, on October 21, it set a new historical record - the price exceeded $2,750 per ounce.

The process, in my opinion, may soon slow down, and further growth of metal prices will be smoother, developing by inertia. In the next three months, growth to $2800 is possible with the potential to exceed $3000 next year.

Despite record prices, production and the number of new deposits also continue to grow. Supply volumes increased by 4%, and mine production reached 929 tonnes. Given the growth in production and the saturation of investment portfolios in the second half of 2024, interest in this asset may decrease.

The price is also affected by the easing of the US monetary policy. The reduction of the Fed rate only fuels demand for the precious metal. It is also worth considering the huge debt of the States, which is only increasing every day. Its values weaken the dollar and reduce confidence in this currency. The resource is growing in value against the background of increased demand caused by uncertainty in the world and the desire of investors to protect their funds.