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When Is the Best Time to Invest in Gold?

By    |   Friday, 09 March 2018 10:13 AM

When is the best time to invest in gold? According to Kitco News, 2018 may just be the perfect time.

A commodity strategist at the Commonwealth Bank of Australia (CBA), Vivek Dhar told the site earlier this year that he expects the price of gold to come down to $1,250 by the end of 2018.

There are a number of different factors that influence the price of gold. Some of this includes geopolitical instability and inflation. But price alone isn’t the only factor when it comes to deciding to invest.

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Here are a couple of ways to help you decide when it’s the best time for you to buy gold.

1. Look for prolonged upward trendsBullion by Post describes an upward trend as a period where the price of gold steadily increases.

You’ll need to keep your eye on the markets and, while there may be slight dips from time to time, you’re essentially looking for a couple of months with an overall upward trend.

Bear in mind that the longer you wait, the more the price will rise.

2. Keep an eye on inflation — Traditionally, the value of gold increases as inflation decreases the value of national currency.

According to Money Crashers, it’s pretty simple to predict rising inflation by looking for certain indicators. These include stock market declines, political turmoil, and announcements by the reserve bank to print more currency.

3. Uncertain timesAccording to Bullion by Post, your best bet may be to buy gold during uncertain times.

The site says those looking to purchase should keep an eye on the news. Any negative announcements from institutions like banks, the government, or the stock exchange could mean good news for gold. This goes for all influential economies, not just the U.S. Keep an eye on news from Europe and China too.

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“As a general rule of thumb it is said when other investments such as property and stocks are underperforming, the price of gold and silver rise,” the site explains.

4. March could be the best month to buyGoldSilver LLC took a look at some historical data and found that since 1975, gold prices have always dipped the most in March.

April prices tend to also be more affordable, but less significant than the dip found in March.

5. April through June is the best quarter — The same research by GoldSilver LLC found that the second quarter, or April through to June, is the best time to buy gold at good prices. Gold tends to be at its strongest between July and September.

Whatever you do, the site says, make sure you’ve bought before August when prices really start to climb.

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